Traveltech major Le Travenues Technology, which runs and owns online travel portal
, is eyeing a Rs 1,500-1,800 crore IPO this year.The now-IPO-bound company began in 2007 as a passion project to do “something meaningful”. It was started by Aloke Bajpai and Rajnish Kumar, two IIT Kanpur alumni who had landed jobs in a French corporate but wanted to take the entrepreneurial path.
Ixigo empowers travellers to plan, book, and manage their travels by leveraging artificial intelligence, machine learning, and data science-led innovations.
It has a combined user base of more than 255 million users. And, being true to its sector, it has had quite a journey, with halts, turbulence, lows, and highs.
The starting point
Aloke and Rajnish were batchmates and wingmates at IIT Kanpur. In an interaction with YourStory, they say they were not great at academics but interested in other things, especially computers and technology, which were new at the time.
“We both would spend…