On Thursday, Elevation Capital executed a significant sale of approximately 53.9 lakh shares of Ixigo at Rs 180 each, generating a total of Rs 97.4 crore.

This transaction marks Elevation's fourth partial exit from Le Travenues Technology Ltd., the parent company of Ixigo, achieving an impressive estimated 25-fold return on its investment.

Prior to this sale, Elevation had divested 21.5 lakh shares in Ixigo for Rs 38.27 crore just weeks earlier.

Overall, Elevation has previously sold shares worth Rs 100 crore in a pre-IPO secondary transaction and ₹181 crore through the IPO's offer-for-sale component.

As of March 2025, Elevation held a 14.02% stake in Ixigo, but following these recent transactions, its ownership has decreased to approximately 12.08%.

Elevation Capital has invested a total of ₹63.1 crore in Ixigo over several funding rounds.

For the quarter ending March 2025, Ixigo reported a remarkable 128% year-on-year increase in quarterly net profit to Rs 16.7 crore, alongside a 72% rise in operating revenue to Rs 284 crore.

For the fiscal year 2025, Ixigo's revenue reached ₹914 crore, reflecting a 39% increase from the previous year, although net profit fell by 18% to ₹60.2 crore.

Founded in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo provides travel booking services for trains, flights, and buses, and boasts 544 million annual active users and 83 million monthly active users across its platforms.