Indian travel platform Ixigo files for IPO to raise $215m

Details:

• Ixigo is currently valued at US$850 million, sources told The Economic Times.
• Co-founders Rajnish Kumar and Aloke Bajpai will also sell their shares through the public offering, according to a filing.

Dive deeper:

• Ixigo’s parent company Le Travenues Technology recently converted the travel-booking firm from a private limited to a public limited company as part of its listing plans, as Indian laws do not allow private companies to have public shareholders.
• The company acquired bus-ticketing startup AbhiBus last week and bought train-booking app Confirmtkt in February.

Currency converted from Indian rupee to US dollar, US$1=74.26 rupees