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CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

Prosus to buy 10% stake in Indian online travel agent Ixigo for $146 million

Dutch investor Prosus is acquiring a 10.1% stake in Indian travel platform Ixigo for $146 million. The deal, priced at a discount to Ixigo's closing price, will see the funds used for AI development, hotel expansion, advertising, and acquisitions. This investment further strengthens Prosus' presence in India, a key market for its portfolio.

from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/prosus-to-buy-10-stake-in-indian-online-travel-agent-ixigo-for-146-million/124444791
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