Schroder Fund enters Ixigo via Elevation stake acquisition

The UK-based investment management firm, Schroder Fund, has acquired a stake in the online travel aggregator, ixigo. The fund entered ixigo's cap table by purchasing a portion of the stake held by Elevation Capital, one of ixigo's early investors. This transaction, likely a secondary sale, allows Elevation Capital to partially monetize its successful investment in the travel-tech company. The entry of a major global fund like Schroder is a significant vote of confidence in ixigo's business model and its future growth prospects, especially as the travel industry recovers and grows. This move also provides ixigo with a strong institutional investor on its board as it continues to scale its operations and compete with other major players in the online travel market in India, potentially ahead of a future public listing.