SAIF, MakeMyTrip invest $18.5 mn in iXiGO.com

Mumbai: Private equity fund SAIF Partners and leading online travel company MakeMyTrip India Pvt. Ltd have invested a total of $18.5 million (Rs.83.62 crore) in travel search engine iXiGO.com. The two purchased stock in parent Le Travenues Technology Pvt. Ltd from BAF Spectrum and also got new shares, a senior company official said. SAIF and MakeMyTrip will own 56.7% and 19.9%, respectively, of the Gurgaon-based company, which aims to search multiple travel sites to find the best deals for customers.