<ul data-eligibleForWebStory="true"><li>VC firm Elevation Capital sold over 53.98 Lakh shares of ixigo in a block deal worth INR 97.44 Cr.</li><li>The shares were sold at INR 180.50 apiece, slightly lower than the last closing price of INR 180.65.</li><li>Schroder International Selection Fund Asian Total Return acquired 53.69 Lakh shares for INR 96.9 Cr.</li><li>Elevation Capital holds a 14.02% stake in ixigo's parent company, Le Travenues Technology Ltd.</li><li>This is the second recent stake sale by Elevation Capital, following a May deal worth INR 38.27 Cr.</li><li>Ixigo shares have seen an upward trajectory, increasing by 31.56% in the last three months.</li><li>The OTA's consolidated net profit surged by 127% to INR 16.8 Cr in Q4 FY25.</li><li>Operating revenue also grew by 72% to INR 284.1 Cr in the same quarter.</li><li>Ixigo, founded in 2007, transitioned from a travel search website to an OTA offering various ticket booking services.</li><li>Last month, ixigo halted bookings to Turkey and Azerbaijan in support of Pakistan during its conflict with India.</li><li>Ixigo shares closed 2.55% lower yesterday at INR 176.05 on the BSE.</li></ul>

Elevation Capital Again Dumps ixigo Shares In INR 97 Cr Block Deal

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