The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 21 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Bajpai: ixigo will take two to three years to reach IPO scale
“We are saying maybe two to three years is what it'll take from here to be sizable enough to think of a public offering”
Bajpai: Disruptive growth requires betting on intuition rather than data crunching
“You can do a lot of iterative growth doing all of that. So you should have your own you know, data science engineers who are constantly figuring out, you know those experiments and AB tests and iterative ideas. But, you know, for disruptive growth or for the S…”
Bajpai: ixigo ranks top five in India for revenue per capital raised
“You know, on the revenue divided by total capital raised metric you know, we would be in the top five companies in India. I'm pretty confident of that.”
Bajpai: Global online travel agencies have failed at customer experience
“If you look at the degree of customer experience that's prevalent out there, and I'm talking about the whole nine yards from the user experience pre-booking to the customer service provided post-booking, I think as an industry, you know, globally OTAs have fai…”
Bajpai: ixigo hit 160 crore revenue and nearly $400M GMV in FY20
“So in FYI, and we haven't really published these yet, but in FYI, we grew to 160 crores in revenue with very negligible losses. In fact, we had a profitable for last quarter of the year, which was JFM 20, 20. And in terms of GMV, you know, we are we were very …”
Bajpai: ixigo reached 10-12 million MAUs spending under $5M on marketing
“In 2017, they saw the kind of traffic we built organically, right? I mean, we were at like 10, twelve million monthly active users, I think built without Spending even like five million dollars on marketing over the last six, seven years.”
Bajpai: ixigo dropped to near-zero revenue for months during initial lockdowns
“When it started in March, when the lockdowns were announced you know, we went down to near zero revenue for a couple of months because there were hardly any transactions happening.”
Bajpai: ixigo VC term sheet was pulled after Lehman Brothers collapse
“We had also closed or signed a term sheet, right. With a large VC investor the due diligence and the docs were done. And then the Lehman brother crisis happened. And our term sheet got pulled and we couldn't close that round.”
Bajpai: Large travel apps can scale via product and zero-dollar marketing
“We've built this company very organically and have kind of grown largely by word of mouth and what we call zero dollar marketing. So, you know, we've, we are very proud to have disrupted the category by proving that you can build a large travel app
You know, p…”
ixigo raised only $22 million in primary capital over 13 years
“I mean the amount of primary capital that Ixigo has raised in the last 13 years is just twenty two million dollars, right?”
Bajpai: ixigo will end the financial year profitable despite COVID-19
“Although what we can tell you is that even this financial year we are pretty confident we'll end on a profitable note.”
Bajpai: ixigo refunded March 2020 international flights before airlines did
“Pre-lockdown for all the international bookings that were done in the month of March or April, we did not wait for the airlines to refund the money to us. You know, in the month of March for people who canceled, we gave them the refund immediately. For some of…”
Kapoor: Ixigo is operating at an almost $30M run rate
“And the answer is yes, they are now, you know, at a, almost thirty million dollar run rate.”
Kapoor: Ixigo has reached 30M MAUs with near-zero marketing burn
“They are doing about thirty million And we use and three million D use with a marketing burn, which is next to nothing.”
Bajpai: ixigo granted 2.3% of company equity to all employees in July 2020
“You know, we gave away about 2.3% of the company in July right from the beyond to, you know, everyone in our leadership team, everyone owns shares and these were given at a deep discount so that everybody benefits when things comes back.”
Bajpai: ixigo bootstrapped for five years before raising its Series A
“I don't think many companies have bootstrapped for five years before their series A, right? But that's what we did, right?”
Bajpai: 20% of ixigo alumni have become startup entrepreneurs
“It's actually two now. I mean, we did this math again last, last month and we figured out that 20% of our past employees are entrepreneurs”
Bajpai: ixigo serves over 150 million Indians annually
“So Exego currently you know, serves
more than a hundred fifty million Indians a year you know, through various travel platforms that we've built”
Bajpai: ixigo's AI chatbot Tara handled 80% of customer queries in March 2020
“We just built this AI chatbot called Tara, which was handling almost 80% of our queries as of March. And that was very useful during this crisis because suddenly we had like an ATEX outreach to our you know, chats and calls”