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New Delhi: AI-powered Indian travel platform ixigo reported a net profit of 63.42 crore for the July-September quarter. Revenue from operations went up 13% year on year to 320.96 crore.The hotels business has hit a ‘critical mass’ for ixigo. “GBV from hotels crossed 100 crores, a 159% year-on-year growth. Revenue grew more than 500% (over 6x growth year-on-year). The take rate is the highest across our business at 12% plus, and that take rate is growing year-on-year,” group chief executive Aloke Bajpai said. He said 86% of this growth comes from the company’s own captive user base—people who book transportation like trains, buses, and flights.
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https://economictimes.indiatimes.com/markets/stocks/earnings/ixigo-q2-profit-jumps-to-63-cr-revenue-up-13/articleshow/135023827.cms
