redBus, also known as redBus.in, is India's biggest online bus ticket and hotel booking company.[citation needed] The company also sells tickets through offline outlets. It has offices in Ahmedabad, Bangalore, Chennai, Coimbatore, Delhi, Hyderabad, Mumbai, Pune,Vijayawada and Visakhapatnam. It was taken over by the Ibibo Group, a joint venture of South Africa's Naspers and China's Tencent in June 2013 for $138 Million (INR 800 Crore)
- redBus' CEO, Phanindra Reddy Sama was recently selected by as a high impact entrepreneur.[3][4][5] Also,Businessworld voted Phanindra Reddy Sama as one of the top 5 most promising entrepreneurs in India.
- Progress
- RedBus has crossed the one-crore (10 Million) mark in the number of tickets sold in July 2012. It has over 2 million registered users and is rapidly approaching the $300 million GMV (gross merchandize value) mark. The company lays a lot of focus on keeping their costs low. In May 2013, RedBus begin running their first series of Television ads.[7] It does not own any plush offices.
- Phanindra Reddy Sama and Charan Padmaraju, the engineers from BITS Pilani who created the pioneering bus ticketing service redBus in August 2006
- In April 2014, redBus launched hotel booking powered by ibiboGroup's back end infrastructure on its website.[12] In August 2014, redbus teamed up with Uber ( an on-demand cab transportation application) to offer free rides to bus stops .
