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TechCrunch has just found out that Ibibo, their domestic joint venture, has acquired redBus.in, a Bangalore-based online bus ticketing company that has become a dominant and disruptive force in how people travel in the country.
And we're seeing these companies come from both seasoned entrepreneurs as well as very young founders - the founders of the online bus ticketing service redBus are all of 26-27 years old - and you're finding with this ecommerce boom that's happening right now - whether it's FlipKart, whether it's Myntra - these are all founders below the age of 30.
Ibibo Group, which is also backed by Chinese Internet giant Tencent, operates hotel and flight booking platform Goibibo.com, as well as bus ticketing sites RedBus and YourBus.
redBus aggregated this complex market onto one simple bus ticketing platform for all of India.
And they do this even though online bus ticketing is a mess in most of these countries.
Ctrip, the Chinese travel booking site valued at over $10 billion, has taken a big step in India after it agreed to invest $180 million in MakeMyTrip, a fellow booking service that covers flights, hotels and bus ticketing in the South Asian country.
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