ixigo, India’s leading travel marketplace, has been named the 3rd fastest growing travel and leisure company in Asia-Pacific by Financial Times, UK. FT, alongwith statistics, market research and business intelligence portal, Statista has recently come out with the FT 1000 High-Growth Companies Asia-Pacific list for 2018, where ixigo is ranked 39th overall in the region, and among the few Indian companies who made it to the top 50.
The extensive study by Financial Times and Statista was conducted from August to November, 2017. The ranking recognises 1000 high growth companies across the most developed markets including Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore and South Korea. ixigo received this ranking owing to a revenue growth of 1,292 per cent between 2013-16, maintaining a staggering CAGR rate of 140.6 per cent per annum.
Commenting on the recognition, Aloke Bajpai, CEO & Co-Founder, ixigo said, “It is an honour to be ranked so highly amongst the fastest growing companies in Asia-Pacific. We have been at the forefront of travel technology innovation with our voice-based travel assistant, flight fare prediction, a fully automated web check-in, and train PNR prediction for waitlisted train tickets and more. We owe this rapid growth and recognition to the love of our users, who have helped us grow at a rate of 150 per cent year on year, and recently helped us cross over 13 Million Monthly Active Users.”
Besides ixigo (ranked 39th), the list had other notable Indian startups including Furlenco (9th), Delhivery (44th), Zomato (49th), Paytm (114th) and Infibeam (418th).
Launched in 2007, ixigo is India’s leading travel marketplace, connecting over 80 million travellers to over 100 travel suppliers and OTAs. ixigo aggregates and compares real-time travel information, prices & availability for flights, trains, buses, cabs, hotels, packages & destinations. ixigo’s vision is to empower every traveller with trustworthy & personalised travel recommendations. It has received several awards including the TiE-Lumis Entrepreneurial Excellence Award, the NASSCOM Top-10 Emerge Award, and the Phocuswright People’s Choice Runner-Up award for Travel Innovation. ixigo’s investors include Sequoia Capital India, Fosun RZ Capital, SAIF Partners, MakeMyTrip & Micromax.