Le Travenues Technology Ltd IPO

Le Travenues Technology Limited was incorporated on June 3, 2006 as a private limited company under the Companies Act 1956, with the name Le Travenues Technology Private Limited, pursuant to a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi. Further to the conversion of the Company to a public limited company and as approved by its Shareholders pursuant to a special resolution dated July 29, 2021, the name of the Company was changed to Le Travenues Technology Limited and the Registrar of Companies, Delhi and Haryana (RoC) issued a fresh certificate of incorporation on August 3, 2021.

The total Indian travel market as represented by modes of air, rail, road and hotel is estimated at around Rs. 3.8 trillion in Fiscal 2023 and expected to grow at a CAGR of around 9% to reach Rs. 5.8 trillion by Fiscal 2028. As of Fiscal 2023, the `next billion users' travel market is estimated to be approximately 90% of the train and bus segment each, and between 50% - 55% of the flights and hotels segment. This weighed in at over 60% - 65% of the overall travel market in 2023.

Le Travenues Technology Limited is a technology company focused on empowering Indian travelers to plan, book and manage their trips across rail, air, buses and hotels. The Company assists travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on its OTA platforms, comprising its websites and mobile applications. Travelers can book train, flight and bus tickets and hotels, while accessing utility tools and services including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, bus running status, personalized recommendations, instant fare alerts and automated customer support services.