Elevation Capital, Fosun, Sequoia to reap at least 27% return from ixigo's India IPO

Financial investors Elevation Capital, Sequoia Capital, and Fosun International will get at least 27% returns on travel app ixigo’s initial public offering (IPO), reveals VCCircle analysis. The ₹1,600 crore ($215 million) IPO, for which draft papers were filed recently, will multiply the decade-long investment of venture capital and growth equity firm Elevation Capital (previously SAIF Partners) by about 12 times.