Ixigo plotting major investment raise up to $20 million

Travel search service Ixigo is gearing up to secure a significant funding boost to the tune of up to $20 million.

The investment round in the India-based company could put the total amount put into the company so far in the region of $35 million, following a series of investments since its launch in 2006.

Local reports claim the new investment is for $10 million but it is understood that Sequoia Capital is leading the round and the amount being raised is, in fact, somewhere between that figure and $20 million.

Other investors are believed to be part of the round.

The company raised its big Series A $18.5 million round in August 2011, five years after its original formation.

An undisclosed round was secured by way of selling a stake in the business to mobile handset manufacturer Micromax in June 2015.

Ixigo specialises in search for flights, hotel, packages, rail, cabs and buses.

Notable companies under the wing of Sequoia include Airbnb, Decolar, Google, Kayak, Skyscanner and YouTube.

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