SynopsisIxigo not solely survived the latest Covid-19 pandemic and is slated to launch a Rs 1,600-crore IPO quickly, but it surely has additionally all the time needed to compete with a lot larger rivals, resembling MakeMyTrip and later Oyo.ET Tech
The jury was impressed by Aloke Bajpai and Rajnish Kumar’s dedication to proceed with the identical product and never alter course within the face of a number of adversities, an attribute they mentioned was the hallmark of a winner within the ‘Comeback Kid’ class. The grit and resilience of the founders of journey reserving web site Ixigo over a interval of 15 years, which will go public soon, swung it for them. The 2 IIT Kanpur alumni—Bajpai and Kumar—had been chosen after what was one of many longest discussions for a class in the course of the ETSA jury assembly. After the primary spherical of voting, it was between the Ixigo founders and Manish Taneja of Purplle. The jury members highlighted that Ixigo not solely survived the latest Covid-19 pandemic and is slated to launch a Rs 1,600-crore (about $215 million) IPO quickly, but it surely has additionally all the time needed to compete with a lot larger rivals, resembling MakeMyTrip and later Oyo.
“It has been a curler coaster trip filled with twists and turns,” mentioned Bajpai on profitable the award. “Regardless of being one of many least capitalised gamers in a hyper-competitive class,» Read more from economictimes.indiatimes.com