Indian Travel Startup Ixigo Files to Go Public to Raise $200 Million

Ixigo, an online travel and transit booking app, has filed papers with Indian regulators to raise $200 million (1,600 crore rupees) via an intital public offering. The Gurgaon-based online travel company on Thursday revealed its plan to issue new shares worth nearly $100 million (750 crore rupees) and sell equity shares of a little more than $100 million from existing shareholders, the papers said MakeMyTrip, India's largest online travel group, sold its stake in the startup, the company revealed in financial filings this week. The founder of MakeMyTrip, Deep Kalra, has resigned from Ixigo's board. MakeMyTrip Group received $33 million, net of trans