The past week saw some interesting discussions on our forum. Here’s one, for example: redBus made a huge exit this year, a deal worth Rs 800cr. What was the impact? Is redBus changing the industry?
Online bus ticketing company redBus has launched its iOS application. The Ministry of External Affairs had launched the mPassport Seva mobile app for Windows and Apple iOS.
In what could be a big blow to online bus ticketing services like redBus, the Indian government is launching an integrated national transport portal with a private partner.
Ticketing portal busIndia.com is planning to raise over Rs 200 cr from private equity funds, according to a new report Venu Myneni, the Chairman & CEO of busIndia.com’s parent company Radiant Info told Business Line that several PE funds have…
Not a week passes by without some excitement in the newsroom. This week we saw one more fairly large exit by an Indian company. Web company Directi sold a large stake in the company in a $110 million deal. The…
Close on the heels of Uber’s launch in Bangalore, venture backed Olacabs has launched “Ola Luxury,” a premium car hire service. Alok Goel, former Chief Operating Officer of redBus has joined the Freecharge to take over the mantle from Kunal Shah, the Founder & CEO.
redBus, the company which got acquired for Rs 800 cr by South African media conglomerate Naspers is seeing senior level exits as many employees feel left out of the ESOP story, according to sources
For us entrepreneurs, it is a clarion call to assess/reassess if it makes sense to attempt an India-only play and if one continues to do, attempt to understand what the market’s natural limits are and ensure that our per-unit economics make sense within that canvas.
We didn’t negotiate because the valuation was fair. We had decided that whenever we exit, we’d also make the buyer successful. We said that if the money was good for us, we would not worry about what we aren’t going to make. Deals don’t fall apart because of 20-30% here and there but we said we don’t want to put pressure on the buyer.
The recent tendency amongst both startups and accelerators to dismiss India as a market has been quite pronounced. redBus is a great example of finding problems to solve that are unique here, and putting your head down and getting down to solving them.