ixigo raises $53 mn from GIC, Info Edge in pre-IPO round: Report

AI-based travel app ixigo has raised $53 million through a combination of primary and secondary issuance of shares from investors, PTI reported citing regulatory filings. The round was led by Singapore-based sovereign wealth fund GIC and saw participation from Info Edge Ventures, White Oak, Bay Capital and others. ixigo is reportedly planning to raise ₹1,500-₹1,800 crore via IPO in 2021.