Prosus picks up additional 5.33% stake in ixigo, increases holding to around 15%- Moneycontrol.com

▤ Summary

Prosus bought another 5.33% stake in ixigo’s parent, Le Travenues Technology, lifting its holding to about 15%. The deal came from existing investors Elevation Capital and Peak XV Partners and made Prosus the largest shareholder in the company. The article says Prosus is building a broader platform strategy in India and is re-entering the travel sector as a priority area. It also notes that this was Prosus’s first private investment in a public entity deal in India and that the firm may continue targeting healthy stakes through private deals or PIPE transactions.

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