Prosus raises Ixigo stake by 5% via secondary transaction

MIH Investments One B.V., a Prosus company, has increased its stake to around 15% in Le Travenues Technology Limited, the parent of travel platform Ixigo.

According to a disclosure by Prosus, it acquired the stake through an off-market transaction. Entrackr has a copy of the disclosure.

As per sources, Prosus has purchased 5.06% of fully diluted stake from Peak XV (3.16%) and Elevation (1.9%).

Peak XV declined to comment on the story while queries sent to Elevation, Ixigo and Prosus did not elicit response until publication of the story.

The development comes soon after Prosus’s investment of Rs 1,295.56 crore (approximately $146 million) in Ixigo for a 10.1% stake on a fully diluted basis.

Prosus will reportedly pay another Rs 620–660 crore to acquire an additional stake through a secondary deal.

With this transaction, Prosus’s total holding in the Gurugram-based travel tech platform is expected to rise to around 15%. The move aligns with the investor’s strategy to deepen its presence in India. The investment firm aims to expand its India portfolio to about $50 billion over the next few years through a mix of investments and acquisitions.

Prosus recently acquired a Rs 1,968 crore stake in Rapido from Swiggy through its affiliate, MIH Investments.

On the financial front, Ixigo’s operating revenue jumped 72.5% to Rs 314 crore in Q1 FY26 from Rs 182 crore in the same quarter last year. The company’s net profit also rose 27% to Rs 19 crore in Q1 FY26, compared to Rs 15 crore in Q1 FY25.