was inspired by the jury Alok Bajpayee And Rajnish Kumar‘Commitment to continue with the same product and not change course in the face of many adversities, a feature he said was the hallmark of a winner’comeback Kid‘ Category.

The Patience and Flexibility of Travel Booking Website Founders ixigo over a period of 15 years,
which will be made public soon, rotated it for them.

Two alumni of IIT Kanpur—Bajpayee and Kumar—were selected after the longest discussion for a category during the ETSA jury meeting.

After the first round of voting, it was between the founders of Ixigo and Manish Taneja. Purple.

The jury members highlighted that Ixigo has not only survived the recent COVID-19 pandemic and is set to launch an IPO of Rs 1,600 crore (approximately $215 million) soon, but it has always been pursued by MakeMyTrip and the like. Have to compete with big rivals. Oyo later.

On winning the award, Bajpai said, “It has been a roller coaster ride full of twists and turns.” “Despite being one of the least capitalized players in an ultra-competitive category, we never shy away from working on game-changing product ideas. At many points in our journey, we were short of money, but we never ran out of ideas to grow fast and bet big on ourselves,” Kumar said.

Jury Member Amit Aggarwal, Global SVP & Country said, “Ixigo has seen many cycles of not being a leader, being written off, facing COVID-19 disruption but they persevered and are taking the company to IPO ” Head of Amazon India. “It’s impressive.”

Aggarwal said the result of the category should motivate entrepreneurs to stay afloat, which is why Ixigo was the right choice.

The Gurugram-based startup counts Elevation Capital, Sequoia Capital and GIC among its main backers. In 2008, during the early years of India’s travel tech boom, MakeMyTrip, Cleartrip and travel rivals were raising millions of dollars from high-profile investors. At the time Ixigo was struggling to raise funds, even as the aftermath of the global financial crisis saw a major fundraising collapse.

Jury member GV Ravi Shankar declined to vote in this category as both Ixigo and Purple were Sequoia portfolio firms.

Read also:
Ixigo adds six new independent board members ahead of IPO

other claimants

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