Exclusive: Ixigo set to raise Rs 35 Cr from Amar Ujala

Online travel startup Ixigo is raising Rs 35 crore from Indian media company Amar Ujala limited. The fresh funds will come to the aid of the 13-year-old company as it struggles to stay afloat in these unprecedented times.

Ixigo will allot Series B1 CCPS to Amar Ujala in five tranches for a total consideration of $4.6 million~ Rs 35 crore. In the first tranche, 5,333 CCPS and 10 equity shares will be allotted along with four share warrants having exercise period extending to March 2022, reveals the latest regulatory filings.

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