Akshata Sharma
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Recently-listed online travel aggregator ixigo posted a 212% jump in its net profit to INR 73.1 Cr in the financial year 2023-24 (FY24) from INR 23.4 Cr in the previous fiscal, helped by a steady growth across its business verticals
ixigo's operating revenue increased almost 31% to INR 655.9 Cr in the reported fiscal year from INR 501.2 Cr in FY23.
On the other hand, ixigo's flight ticketing revenue also improved 43% year-on-year (YoY) to INR 146.4 Cr in FY24. The startup's bus ticketing revenue increased almost 66% YoY to about INR 132 Cr in the year under review.
Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo earns revenue from selling various travel services like flights, trains, bus tickets, hotel bookings, and holiday packages.
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