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flag Dutch firm Prosus buys 10.1% of Ixigo’s parent for $146M, aiming to boost AI and expansion.

flag Dutch investor Prosus has acquired a 10.1% stake in Ixigo’s parent company, Le Travenues Technology, for ₹1,295.56 crore ($146 million), buying 46.27 million shares at ₹280 each. flag The funds will be used for AI development, hotel business expansion, acquisitions, working capital, and general corporate purposes. flag The deal, pending shareholder approval, marks Prosus’s first investment in a publicly traded Indian tech firm and grants it the right to appoint a board director if it maintains at least a 10% stake. flag Ixigo, which went public in June 2024, has seen its share price more than double since its IPO.

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