Elevation Capital trims Ixigo stake, clocks 25X return

Elevation Capital, a prominent venture capital firm, has executed a partial exit from its investment in ixigo, a travel technology platform, thereby realizing substantial returns. The firm's partial divestment of its stake in ixigo has resulted in a reported 25x return on its initial investment. This significant gain underscores Elevation Capital's successful investment strategy in the Indian startup ecosystem, particularly in the travel tech sector. A partial exit allows the VC firm to secure profits for its limited partners while potentially retaining some stake to benefit from ixigo's future growth trajectory.