Elevation Capital Offloads ixigo Shares Worth INR 38.27 Cr

Elevation Capital, a venture capital firm, has partially exited its investment in ixigo, a travel platform, by selling shares worth ₹38.27 crore in the secondary market. This transaction allows Elevation Capital to realize some of the returns from its investment in ixigo, which recently went public. A partial exit is a common strategy for venture capital firms, allowing them to return capital to their investors while still retaining a stake in the company's future growth potential. The sale through the open market indicates a liquid exit opportunity following ixigo's successful listing.