Technology and Internet
Travel marketplace Ixigo’s revenue jumps to Rs 113 crore in FY19; Tier ll, lll cities drive traffic
02 Jun 2019

Ixigo growth comes from the combination of “the best of meta-search marketplace and OTA business models,” said Bajpai who has an employee headcount of around 150 and sees “profitability around the corner now.”

Ixigo is looking at crossing Rs 2,000 crore in annual GTV and 50 million monthly active users in FY20.

The online travel market in India is likely to grow to $13.6 billion by 2021 led by flight and hotel aggregators even as hotels would account for $5.6 billion. Domestic and international flight bookings are expected to grow to $6 billion and $2 billion in size respectively by 2021, said a 2018 report by management consulting firm PGA Labs.

This article was originally published on Financial Express. Read more.

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