Travel search service Ixigo is gearing up to secure a significant funding boost to the tune of up to USD 20 million.
The investment round in the India-based company could put the total amount put into the company so far in the region of USD 35 million, following a series of investments since its launch in 2006.
Local reports claim the new investment is for USD 10 million but it is understood that Sequoia Capital is leading the round and the amount being raised is, in fact, somewhere between that figure and USD 20 million.
Other investors are believed to be part of the round.
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