About LE TRAVENUES TECHNOLOGY LIMITED (ixigo) Limited

LE TRAVENUES TECHNOLOGY LIMITED (ixigo) is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. Their OTA platforms helps travellers to book train tickets, flight tickets, bus tickets, hotels and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts, and automated customer support services. Their vision is to become the most customer-centric travel company, by offering the best customer experience to their users. Their focus on travel utility and customer experience for travellers in the 'next billion user' segment is driven by technology, cost-efficiency and their culture of innovation has made them India's leading travel ecosystem for the 'next billion users'. ixigo will let us check in seamlessly to our flight, predict train delays, receive fare alerts and avail innovative features like station alarm and flexible flight bookings.

There are Multi-App Strategy to Target Distinct Customer Segments are as follows: 
i. ixigo trains & Confirmtkt app
ii. Abhibus app
iii. ixigo flights app

ONLINE TRAVEL AGENCY (OTA) INDUSTRY

The global travel market is valued at about ₹ 821 trillion in 2023 and is expected to grow to ₹ 1,232 trillion in 2033. The Indian travel and tourism contribution to the Indian economy was ₹ 15.7 trillion and was ₹ 16.5 trillion in Fiscal 2023. This is 3.5% less than pre-COVID levels.The total Indian travel market as represented by modes of air, rail, road and hotel is estimated at around ₹ 3.8 trillion in Fiscal 2023 and expected to grow at a CAGR of around 9% to reach ₹ 5.8 trillion by Fiscal 2028.

In the overall Indian Travel market, 54% of all travel spends were made online in Fiscal 2023. Online penetration of travel is expected to reach around 65% in Fiscal 2028. The online travel market is estimated at ₹ 2,079 billion in Fiscal 2023 and is anticipated to grow faster than the overall travel market at 13% CAGR for the forecast period of Fiscal 2023 to Fiscal 2028 and reach ₹ 3,895 billion by Fiscal 2028. The Indian OTA industry is estimated to be at ₹ 1,239 billion in Fiscal 2023 and is expected to reach ₹ 2,802 billion in Fiscal 2028, with a CAGR of 18% for the forecast period of Fiscal 2023 to Fiscal 2028. Ixigo’s market share of the overall OTA market (flights, trains, hotels and buses) by GTV stood at 9.24% in Fiscal 2021, 11.72% in Fiscal 2022 and 6.01% in Fiscal 2023. For the nine months ending Fiscal 2023, ixigo’s market share of the overall OTA market by GTV was 5.88% which increased to 6.52% for the nine months ending Fiscal 2024.

LE TRAVENUES TECHNOLOGY LIMITED (ixigo) STRENGTHS & STRATEGIES

1. Leading online travel agency ("OTA"), with significant penetration in the underserved ‘next billion user’ market segment
2. Artificial intelligence ("AI") and technology driven operations
3. Established consumer travel brands built with user-first approach
4. Diversified business model with significant operating leverage and organic flywheel
5. Increase monetization through cross-selling and up-selling
6. Improve operating leverage through investment in deep tech and artificial intelligence
7. Drive value creation through selective strategic partnerships and acquisitions

LE TRAVENUES TECHNOLOGY LIMITED (ixigo) RISK FACTORS & CONCERNS

1. They have had net losses, negative earning per share (EPS) and Neagtive return on net worth in the past (RONW).
2. Our train ticketing services depend on our non exclusive agreement with IRCTC. The termination of our agreement with IRCTC could preclude us from undertaking our train ticketing services.
3. The Indian OTA industry is highly competitive.
4. The Company rely on third party service providers for a significant portion of our operational services