Prosus backs Ixigo; Bira’s founder brews trouble

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Ixigo is selling a 10% stake to Prosus to fund its growth plans. This and more in today’s ETtech Top 5.

Also in the letter:
■ WeWork India’s muted debut
■ Rishi Sunak’s AI pivot
■ TCS’ big staff cut


Ixigo sells 10% stake to Prosus for Rs 1,295 crore to fund expansion

ixigo

(L-R) Rajnish Kumar and Aloke Bajpai, founders, Ixigo

Online travel aggregator Ixigo is selling a slice of itself to Dutch investment firm Prosus to fund its growth plans. The board of its parent company, Le Travenues Technology, approved the stake sale on…



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Prosus backs Ixigo; Bira’s founder brews trouble


Ixigo is selling a 10% stake to Prosus to fund its growth plans. This and more in today’s ETtech Top 5.

Also in the letter:
■ WeWork India’s muted debut
■ Rishi Sunak’s AI pivot
■ TCS’ big staff cut


Ixigo sells 10% stake to Prosus for Rs 1,295 crore to fund expansion

ixigo

(L-R) Rajnish Kumar and Aloke Bajpai, founders, Ixigo

Online travel aggregator Ixigo is selling a slice of itself to Dutch investment firm Prosus to fund its growth plans. The board of its parent company, Le Travenues Technology, approved the stake sale on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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