wordpress blog stats
Connect with us

Hi, what are you looking for?

Key Events In redBus’s Journey : A Timeline

After much speculation, Naspers subsidiary and Ibibo owner MIH India has confirmed that it has acquired Bangalore-based online bus ticketing portal redBus.in. Here is a look at the important events in redBus's journey until now: - August 2006: redBus.in was launched with a capital of Rs 5,00,000 and five seats from a single operator (via Rediff). - Feb 2007: redBus raised its first round of funding of $1 million (Rs 3 crore) from SeedFund and undisclosed investors. SeedFund had invested $500,000 in the company while other investors accounted for the remaining $500,000 investment. (via The Economic Times). - July 2009: redBus raised $2.5 million from Inventus Capital Partners, Seed Fund and other unnamed investors. Of this, SeedFund had invested $700,000 in the company. The company claims to have over 500 tie-ups with bus and tour operators for 5000 routes, across 15 Indian states primarily in South, West and North India. - August 2009: redBus launches its 'Software as a service' product for bus operators called BOSS (Bus Operator Software Services), which now allows bus operators to manage their inventory in real time as well as manage bus schedules, allocate seats to specific agents or branch offices, manage ticket pricing on the service, route and date level and offer online booking on their website through their own payment gateway. redBus also rolls out another software service called Seat Seller, which allows online travel agents to aggregate and sell tickets across multiple bus operators. - October 2010: redBus claims to sell around 5,000 tickets on a daily basis and claims to have 700 bus…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ