At a time when retaining top talent is as critical as chasing growth, travel tech player Ixigo is doubling down on both. The company’s parent, Le Travenues Technology Ltd., has granted 211,912 stock options to eligible employees under its various ESOP schemes — a move that underscores its intent to build long-term value with the people behind the platform.
Issued at an exercise price of ₹93 per share, the options will vest in equal annual tranches over four years. With Ixigo currently trading at ₹178.6, employees stand to gain ₹85.6 per option, translating to a cumulative value of nearly ₹3.78 crore — a generous reward for those contributing to the company’s impressive growth trajectory.
The timing of the announcement comes on the heels of a strong Q4 performance. Ixigo reported ₹284 crore in revenue in Q4 FY25, a 72% growth in scale, while profits rose 2.4X year-on-year to touch ₹17 crore.
As the travel and mobility sector continues its post-pandemic resurgence, Ixigo’s positioning as a digital-first enabler — combining trains, flights, buses, and hotels on a single platform — appears to be paying off.
The company has also seen significant activity on the investor front. Earlier this month, Elevation Capital partially exited by offloading 75.48 lakh shares at ₹179.25 apiece. At the same time, Schroder Fund, a prominent global investor, stepped in by acquiring 53.68 lakh shares worth ₹96.8 crore — signalling rising global confidence in Ixigo’s growth story.
At market close on Wednesday (July 16), Ixigo shares were priced at ₹179.8, bringing the company’s market capitalization to ₹7,017 crore (~$820 million).
As Ixigo gears up for its next phase of expansion, this ESOP grant is more than a retention tool — it’s a statement of intent. One that says: when the company wins, so do its people.
By- Priyanka Chatterjee
