India, May 19 -- VC firm Elevation Capital, formerly SAIF Partners India, has offloaded more than 21.5 Lakh shares of online travel aggregator (OTA) ixigo in a block deal worth INR 38.27 Cr.

As per BSE data, the VC firm, via Saif Partners India IV Limited, sold the shares at INR 178 apiece today as against the stock's last closing price of 177.85 on the BSE on Friday (May 16).

Elevation Capital is one of the biggest shareholders in the travel tech company's parent Le Travenues Technology Ltd. It held a 14.02% stake in ixigo at the end of March quarter of 2025.

The block deal comes at a time when the shares of ixigo have been on an upward spree for the last few months despite market volatility. Shares of the company have shot up 10.29% ...