Schroder Fund enters Ixigo via Elevation stake acquisition

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Here’s the summarized information based on the provided text:

Funds

  1. Elevation Capital
  2. Schroder Fund

Investors

  1. Elevation Capital (Venture Capital)
  2. Schroder Fund (British multinational asset management firm)

Startup

  • Ixigo (Parent company: Le Travenues Technology)

Founders

  • Not explicitly mentioned in the text.

Fundraise Series

  • The specific fundraise series is not mentioned, but Elevation Capital’s exit and share sales suggest prior funding rounds.

Dates

  • Sale Date: June 19 (year implied to be 2025 based on contextual references)
  • Previous exits occurred before this date, but no specific dates for those exits are provided.

Additional Context

  • Elevation Capital sold shares for Rs 135 crore ($15.7 million) delivering a 25X ROI.
  • They previously offloaded shares worth Rs 38.27 crore ($4.5 million), Rs 100 crore ($12 million), and Rs 180 crore ($21 million) in prior deals.
  • The report mentions significant revenue growth for Ixigo, with a 72% increase year-on-year.

This summarizes the key points about funds, investors, startup, and notable financial activities. If more details on founders or specific fundraise series are needed, please provide additional context.

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2025-06-19 19:46:38