redbus net worth

redbus net worth

Phanindra Sama Redbus CEO profile has had a lot of value addition since the time his journey began as an entrepreneur. Chairman of Manipal Global Education & former CFO of Infosys, Founder & Chairman of Dalian Wanda Group, Published On: Thursday, November 06, 2014. Twitter: @phanindrasama He comes from a middle class family. Phanindra Sama email id as well Phanindra Sama contact details can be found in the official website. The Redbus acquisition details are quite clear. Entrepreneurship is opening up and more enterprising lads are stepping into this every day to make it big with a small but potent idea. But this gave him a life changing idea! The name of his wife is also unknown. Phanindra Sama has started his own company at a very early age, which others can only dream of. The name of his wife is also unknown. The Redbus founder Phanindra Sama biography is about that. These mentors helped them make their business what it was. Phanindra Sama net worth is $12 million approximately at present. Now at that time their whole concept was to create a software, sell it to bus operators and give the money to some NGO. At redBus, our vision is to make travel simple and fun for all, and our core values guide us in making this possible. They now had 250 people working for them in 10 offices — Bengaluru, Hyderabad, Chennai, Coimbatore, Pune, Delhi, Vizag, Ahmedabad, Mumbai and Vijayawada. Your email address will not be published. More than Phanindra Sama date of birth, the date on which he turned entrepreneur is famous. But as good students they asked their mentors for advice! Required fields are marked *. One day he missed a bus, and that’s how the idea of Redbus came into his mind. About Us | With his new venture Phanindra Sama has reached new height of success. With such immense growth and popularity redBus had managed to clock USD 120 Million in gross merchandise value in February 2013. Phani was working as a Sr. Currently, he is the Chief Innovation Officer (CIO) of Govt. He started Redbus back in August 2006 and worked there as CEO of the company for almost eight years. From here onward their business took-off! Headquartered in Bengaluru, India, it connects bus travellers with a network of over 2500 bus operators, across India, countries in South East Asia and Latin America. redBus is an Indian online bus ticketing platform providing ticket booking facility through its website, iOS and Android mobile apps. Back in 2005-06 Phanindra Sama used to travel a lot by bus. They are a representation of OUR BEING & OUR DOING. The ‘who’s-who’ went down the drains with this crash. Then he got Chevening Standard Chartered Financial Services Fellowship at King’s College London. And as per reports from Business standard in March 2013, they were on their final stages to raise USD 20 Million worth funds at an aggressive valuation of as much as 11 times their net revenue of close to INR 55 crore, thus valuing the company at USD 110 Million. The Redbus founder name has appeared in many magazines and websites since the time he started Redbus.in. But now the scenario was different. There are three founders of Redbus, apart from him. The Redbus CEO name continues to make headlines and Phanindra Sama latest news now mostly concerns with his involvement with GSF where he is working on many upcoming projects. It now had 75,000 partner outlets and offers ticket booking services from the mobile via SMS and phone. He is slowly gaining popularity which is evident from the number of followers Phanindra Sama Twitter handle has. Phanindra Sama personal life has so far been never discussed but in the next section we will try to give all the details. Privacy Policy Designer with Texas Instruments, Bangalore. They slowly managed to grab the whole market, they now had 500 partnerships with bus and tour operators for 5000 routes. Their range was now increasing, so were their revenues. It happened in June 2013, after which he quit and a different executive was appointed in his place. redBus is a subsidiary of Ibibo Group. Frustrated! So he shared his story along with the idea that he got with his friends and future cofounders Charan Padmaraju and Sudhakar Pasupunuri via email and after they came back, with a collective funding of INR 5 lakhs from their savings they started building a portal. In May 2011, they raised another round of funding worth USD 6.5 Million with the help of Helion Venture Partners, Inventus Capital and SeedFund. All the VCs who were interested once were not even talking to them. There was a lot of news that Redbus was acquired by Ibibo is true. They gave them three mentors to advise them on what to do and how to start a business of their own. All rights reserved. But luckily in July 2009, with a collective funding from SeedFund, Inventus Capital Partners & other unnamed investors, they managed to raise USD 2.5 Million. According to an article on Business Standard, his net worth is around $110 million, which is approximately Rs 590-650 Crore in … Watch out for posts published under YoChef to discover entrepreneurial journeys and life lessons. redBus currently runs in six countries – India, Malaysia, Indonesia, Singapore, Peru and Colombiaa… Rhea Chakraborty is a Bollywood actress and a video jockey (VJ) on MTV India. Linkedin: phantasma It is a human tendency to search for solutions when we come across problems rather than creating one but this wasn’t the case with the new generation who was beginning to make its way into the corporate world. We use cookies to ensure that we give you the best experience on our website. Phanindra Sama clearly told that he sold his company for many reasons and one of them was to find more time for his daughter and Redbus CEO Phanindra Sama wife. Now he is active as Chief Innovation Officer and working for the Government of Telangana. ©2020 Biography Insider | Success. Have something to add to this story? Phanindra Sama has made lots of performances. © 2014-2020 Yo! | Submit Biography |, Harshita Bhattacharya (Singer) Biography, Age, Songs, Movie(Ratnakar), Career & More, Preety Kongana Wiki, Age, Family, Husband, Serials, Songs, Biodata, Amanda Cerny Wiki, Age, Boyfriend, Filmography, Career, Net Worth & More, Deepshikha Raina Age, Wiki, Height, Songs, Net Worth, Biography, Dikshu Sarma (দীক্ষু শৰ্মা) Wiki, Age, Biography, Wife, Career, Albums, Songs, Awards, Miesha Iyer Bio, Age, Wiki, Height, Net Worth, Biography, Careers. Careers | Funnily, their initial asking was for INR 3 million and when one of the VC’s spent hours with them revising the plan, that figure multiplied to INR 30 million which was finally agreed on. Phanindra Sama website as well as Phanindra Sama Redbus mobile app is in red color still after the acquisition. Share it in the comments. As a whole, they helped them get a generalized idea of the industry. It all began in the year 2005, when Phanindra a.k.a. This was the biggest overseas strategic acquisition of an Indian internet asset. Success is an initiative to build a community of Entrepreneurs, Startups & Industry Stalwarts to celebrate success & to learn from shortfalls. Phanindra Sama photos show a very scrawny fellow with a very naïve smile. Naspers achieved the deal through their Indian company Ibibo. Phanindra Sama wedding date was decided by his parents and Phanindra Sama wife name has not been divulged to the public. They used these funds for the betterment of redBus and to strengthen its base. He was also connected with the Swedish Institute to learn management, leadership, and sustainable business practices. But that didn’t affect them as the numbers spoke for themselves. Take the money and begin developing the idea – were their words! This gave a big boost to their business value. On 22nd August, 2006, they managed to sell their first seat for Tirupati, to a woman who was working with Infosys and also managed to sell the rest of the four tickets within the five-day span. He stated this in an interview by YourStory. Phani planned to spend the Diwali with his family in Hyderabad but destiny had something else written for him. Their reach had crossed all boundaries and was making its way to unmatchable success but the news they announced next shook everyone to the core. But they were amazed to see that none of the bus operators were ready to take it for free also. But his marriage was an arranged marriage, and he is now spending more time with his family after selling RedBus to ibibo Group. Sarma also took action to make RedBus a successful company. This was the beginning of redBus! Now he has become an Angel Investor and is connected with other organizations. During doing his job at Texas Instruments, he felt the requirement of an online bus ticket booking platform from his bad experience of missing a bus one day.

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