Prosus Acquires Over 5% Stake In Ixigo As Peak XV, Elevation Capital Offload Shares

Prosus, a major global investor, has acquired over a 5% stake in travel tech platform Ixigo through open market transactions. The acquisition followed the partial exit of Peak XV Partners and Elevation Capital, who sold their shares as part of a portfolio rebalancing exercise. The transaction signals Prosus’ renewed confidence in India’s digital travel ecosystem, especially amid recovery in post-pandemic tourism. Ixigo, which operates brands like ConfirmTkt and AbhiBus, has seen steady growth in online ticketing and travel planning solutions, aided by increased digital adoption in tier-2 and tier-3 cities. The investment is expected to strengthen Ixigo’s market position and provide liquidity to early investors, while reinforcing Prosus’ commitment to Indian internet startups.