Why Ixigo’s Singapore Arm Points to Potential Overseas Acquisition
Photo Credit: Ixigo Co-founders Aloke Bajpai (right) and Rajnish Kumar. Ixigo
Skift Take
Ixigo has done much of the heavy lifting in the domestic market. Outbound travel, though, plays by different rules as it needs global supply and boots on the ground. An overseas acquisition makes for a far more realistic entry point.
Indian online travel company Ixigo is laying the groundwork for overseas investments, and potentially acquisitions, through a newly incorporated wholly owned subsidiary in Singapore, even as the company maintains that no transactions are imminent.
Responding to Skift’s query on Friday, Ixigo said there are currently no concrete acquisition plans.
Ixigo’s parent company, Le Travenues Technology, set up the Singapore entity last month. In an exchange filing, the company said the subsidiary would operate in travel technology and strategic investment management, with the aim of supporting Ixigo’s international expansion.
While the filing itself was sparse on detail, management commentary during the company’s latest earnings call on Thursday offered clearer signals. Ixigo said the Singapore subsidiary would serve as a vehicle for overseas investments across international travel, adjacent travel businesses, and AI-led companies.
