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AI-based travel app ixigo has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,600 crore through an initial public offering (IPO). 

The proceeds from the issue will be used for organic and inorganic growth initiatives and general corporate purposes. ICICI Securities, Axis Capital, Kotak Mahindra Capital, Nomura Financial Advisory and Securities are the lead managers to the issue.

Launched in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels.