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RedBus Eyes 35 Percent Revenues from Overseas Operations

27Feb By AdityaNo Comments

News

RedBus Eyes 35 Percent Revenues from Overseas Operations

Bus ticketing platform RedBus is planning to expand its bus ticketing business globally and aims to garner 35 percent revenue of this segment from overseas operations over the next 3-4 years, a top company official said on Wednesday. The company, which is part of the Nasdaq-listed MakeMyTrip group, currently garners just around 10 percent of its bus ticketing revenues from five international locations Singapore, Malaysia, Indonesia, Peru, and Colombia. redBus's overall annual revenues from the bus ticketing vertical, including India and international operations, stood at around USD 85 million. "We are looking to scale up international business and expect around 35 per cent of the revenues to accrue from overseas locations in the next 3-4 years," redBus CEO Prakash Sangam told PTI....

Flipkart Forays in Travel Market by Partnering with MakeMyTrip

6Apr By Sheldan RungasamyNo Comments

News

Flipkart Forays in Travel Market by Partnering with MakeMyTrip

MakeMyTrip, the online travel company and Flipkart, the e-commerce marketplace announced on Thursday that it would begin a partnership intended for the travel services market. MakeMyTrip owns several branches such as Goibibo and redBus, and will use the large client base of over 100 Million registered users of Flipkart to increase the its online travel bookings. This new association will begin by providing domestic flight bookings in the coming weeks and will extend to hotels, bus and holiday bookings subsequently. "Flipkart is one of the most exciting companies of our times and we are delighted to partner with them to catalyse the massive online travel opportunity in India. This partnership will help us reach out to an even wider consumer base and further open up the online trave...

redBus Acquired Majority Stakes In Peru-based Busportal.pe

11Jul By RishabhNo Comments

ACQUISITION

redBus Acquired Majority Stakes In Peru-based Busportal.pe

PTI: Ibibo Group's redBus.in has recently bought a majority stake in Peru-based bus ticketing platform Busportal for an undisclosed amount, a move that will help the Indian entity foray into the Latin American market. redBus, which also has operations in Malaysia and Singapore, will now gain entry into large and under-penetrated online bus ticketing markets in the Latin American region like Peru, Colombia and Chile. No financial details of the deal were disclosed. In addition to its local market expertise, Busportal.pe will leverage the redBus technology, product and brand name to launch and grow these markets, redBus said in a statement. The co-founders of Busportal -- Hassan Bourgi and Carol Riboud -- will continue to drive the operations in Peru and further expand into Colo...

These “On Demand” Travel Apps Become Hit Among Budget Backpackers

29Mar By AnkitaNo Comments

Story

These “On Demand” Travel Apps Become Hit Among Budget Backpackers

(ANI): Foreign travelers are very excited to visit India and explore the enriched and diverse cultures. As it is said "Atithi Devo Bhava" India takes care of its guests and their needs and provide them with the affordable transportation to delve into India. India is a soulful, soul-stirring country, overflowing with cultural treasures, spiritual wonder, and natural beauty. A wondrous land of crowded mega cities, which attracts the travelers to explore India. These 4 Apps have been considered best for travelers to commute: JUGNOO: If you find cabs and taxi expensive you can book a Jugnoo auto from the auto ride application. Jugnoo, a Chandigarh based company, was established in the year 2014. It has ventured into the industry as one of the leading auto-rickshaw aggregators and the ...

13Oct By No Comments

Story

Inside GoIbibo’s Office – Take a look!

Goibibo is one of the top 3 online travel aggregator in India. Goibibo’s core value differentiator is delivery of fastest and trusted user experience. Be it in terms of quickest search and checkout flow; fast payments, settlement and refund processes. All this is backed by customer service excellence and innovations in our operations and back end. Goibibo enables travellers to search, compare and buy from across categories and width of travel suppliers comprising : air tickets, bus tickets; holidays, hotels and car rentals. (more…)