iXiGO.com, the travel search engine, has announced an equity infusion from SAIF Partners, a leading Asian private equity & venture capital fund, and MakeMyTrip Limited, India’s leading online travel company, for a total cash consideration of $18.5 million across investment into the company and purchase of shares from existing shareholders. Immediately post this transaction, SAIF Partners and MakeMyTrip Limited would own 56.7% and 19.9% respectively of the company, Le Travenues Technology Private Limited (Ixigo’s parent company).
76.6% owned by external investors? What’s your take on iXiGo’s raising money from MMT (a potential acquirer?).
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