Travel search aggregator, iXiGo, has received its first round financing from Singapore based investment firm, BAF Spectrum. The size of the funding was not revealed. The funding will be used for marketing and scaling up operations.
William Klippgen, Executive Director at BAF Spectrum, will join iXiGo’s board.
Money down the drain – given the margins in this business – they can hope to only make money in 100 years. Only chance is that they create enough traffic to get bought out..