Elevation Capital, a prominent venture capital firm, has again reduced its stake in online travel platform Ixigo by selling shares worth Rs 226 crore in July 2025. This recent transaction trimmed Elevation’s ownership to 6.45% from around 9% previously. Schroder International Selection Fund was the primary buyer, acquiring approximately 5.37 million shares for close to Rs 97 crore at about Rs 180 per share.

This sale follows earlier stake reductions by Elevation Capital, including a block deal in June where it sold 5.4 million shares for Rs 97.4 crore and a May sale of 2.15 million shares for Rs 38 crore, cumulatively earning the firm an impressive 25X return on its initial investment priced at Rs 7.14 per share.

Elevation Capital has been a long-term backer of Ixigo, which has grown rapidly with strong financial performance, reporting a 72% year-over-year revenue increase to Rs 284 crore in Q4 FY25 and doubling its profits. Ixigo operates train, bus, and flight booking platforms and has expanded through acquisitions like Confirmtkt and Abhibus.

This continued stake selling by Elevation is part of its strategy to gradually exit the investment following Ixigo’s successful IPO and operational growth, reflecting rising investor confidence in the company’s travel tech business model amid India’s expanding digital travel market.

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