India, Oct. 10 -- Listed travel tech major ixigo is raising INR 1,296 Cr (around $145.9 Mn) from Prosus through a preferential issue on a private placement basis to fuel its growth.

In an exchange filing, ixigo said that its board approved an allotment of 4.62 Cr equity shares toProsus' wholly owned subsidiary MIH Investments One B.V. The subsidiary will hold 10.1% stake in ixigo post the fundraise.

ixigo plans to deploy the freshly raised capital for organic growth opportunities, inorganic growth opportunities, working capital requirement, and general corporate purposes. The company said it would utilise 25% of the total capital raised for each of the aforementioned heads.

This comes a couple of days after ixigo informed the exchanges...