 "Prosus")
Dutch technology investor Prosus has identified India’s travel and hospitality sector as a fast-growing space and is open to investing in more travel firms in the country. This follows Prosus’ recent investment in traveltech platform and online travel aggregator (OTA) ixigo.
In early October, the company bought a 10.1 per cent stake in ixigo’s parent, Le Travenues Technology, for ₹1,296 crore. By mid-October, it increased its holding to 15.16 per cent after acquiring an additional 5.06 per cent stake from existing investors Peak XV Partners Investments V and Elevation Capital through off-market transactions.
“The travel and
