Dutch investment firm Prosus has bought an additional 5.33% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo. The shares were acquired from existing shareholders Elevation Capital and Peak XV Partners.
Last week, Prosus had picked up a 10.1% stake in the company for about Rs 1,296 crore.
Peak XV Partners has offloaded a 3.33% stake in the company for roughly Rs 399 crore, reducing its holding to around 6.71%.
Elevation Capital (formerly SAIF Partners India) has sold a 3.27% stake for about Rs 438 crore and now holds nearly 2.4% stake in the company. The firm has been reducing its stake in Ixigo. It sold shares worth Rs 97.4 crore in June and Rs 38 crore in May.
This is Prosus’ first investment in a listed Indian company. It will also be the investor’s second large investment in a new-age Indian company this year after urban mobility startup Rapido, where it is leading a $550 million round along with WestBridge Capital.
Ixigo had announced last week that an investor was looking to buy up to 16% stake through a mix of primary and secondary transactions.
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Last week, Prosus had picked up a 10.1% stake in the company for about Rs 1,296 crore.
Peak XV Partners has offloaded a 3.33% stake in the company for roughly Rs 399 crore, reducing its holding to around 6.71%.
Elevation Capital (formerly SAIF Partners India) has sold a 3.27% stake for about Rs 438 crore and now holds nearly 2.4% stake in the company. The firm has been reducing its stake in Ixigo. It sold shares worth Rs 97.4 crore in June and Rs 38 crore in May.
This is Prosus’ first investment in a listed Indian company. It will also be the investor’s second large investment in a new-age Indian company this year after urban mobility startup Rapido, where it is leading a $550 million round along with WestBridge Capital.
Ixigo had announced last week that an investor was looking to buy up to 16% stake through a mix of primary and secondary transactions.
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