Travel Aggregrator Ixigo Revenue Crosses Rs 500 cr in FY23, Targets 40% Growth
Online travel aggregator Ixigo has recorded a nearly 5X growth in operating revenue from the pre-pandemic levels, generating over Rs 500 crore, and is targeting 40% revenue growth in FY24.
The Gurugram-based company aims to scale its business to a projected Rs 700 crore in FY24. It claimed to be cash flow positive and said it has achieved an EBITDA margin of more than 7% in FY23. Ixigo said its gross transaction value run rate is currently Rs 10,000 crore a year and it intends to grow this by 2X over the next two years.
As of March 2023, the Ixigo group had crossed 66 million monthly active users across its platforms, ConfirmTkt, and AbhiBus. The travel platform has over six million daily active users and said it is growing at a rate of more than 8 million downloads a month, with the running rate being 50 million bookings yearly. It now intends to add new segments such as hotels and packages in the near future.
https://yourstory.com/2023/05/online-travel-portal-ixigo-revenue-growth-fy23-fy24-profit
