India’s Ixigo to Set Up Subsidiary in Singapore to Drive Global Growth
Photo Credit: Ixigo Group Co-CEO Rajnish Kumar (left) and Group CEO Aloke Bajpai (right). Ixigo
Skift Take
With the Indian travel sector providing enough heft to the industry, international expansion is the next natural step for Ixigo. And based on the experiences of other travel players, it might also be necessary for survival.
Indian online travel agency Ixigo’s parent company Le Travenues Technology is planning to set up operations in Singapore. The company has received approval from its board for establishing a wholly owned subsidiary in Singapore, it said in a filing with the stock exchange Wednesday.
The subsidiary will be set up with an initial capital of SGD 50,000 ($38,410). It will operate in the travel technology and strategic investment management industry, the filing said.
According to Ixigo, the entity in Singapore will “lead investment and strategic management initiatives, with an emphasis on foste
