India Deal Monitor: Ixigo raises $4.6m from Amar Ujala and more updates

Gurugram-based online travel startup Ixigo is raising about $4.6 million (Rs 35 crore) in its extended Series B funding round from media company Amar Ujala limited.

According to the company’s filings sourced by business signals platform, Amar Ujala will invest the aforesaid amount in five tranches. In the first tranche, Ixigo will allot 5,333 Series B1 compulsorily convertible preference shares (CCPS) and 10 equity shares to Amar Ujala, along with four share warrants having exercise period extending to March 2022, the filings show.

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