16 Aug '11, 3am

Singapore’s BAF Spectrum exits from iXiGO

Singapore’s BAF Spectrum exits from iXiGO August 16, 2011 by Terence LEE BAF Spectrum , a Singapore-based angel fund that invests in fast-growing and highly scalable Asian companies with a world market potential, has exited from India-based travel search engine iXiGO (see press release ). This took effect after MakeMyTrip , an India-based online travel agency, together with its largest shareholder SAIF Partners , acquired a majority stake in Le Travenues Technology, which owns and operates iXiGO. Together, they now own 76.6% of the company, for a total of US$18.5 million. IXiGO allows users to pick the best prices for travel deals, hotel bookings, and train or airline tickets from a selection gathered from other travel sites. The company was launched in 2007, and received first-round funding from BAF in 2008 (see story ). The website now claims one million visitors a month...

Full article: http://sgentrepreneurs.com/news-stop/2011/08/16/singapore...

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