redbus valuation 2020

redbus valuation 2020

redbus, which is the world's largest online bus ticketing platform, saw its bus ticketing business grow by 38 per cent in the third October-December period of the current fiscal. The company had moved into the black in 2012-2013 with a net profit of around US$80,000. Says Kanwaljit Singh, senior managing director of Helion Venture Partners, an early-stage investor in redBus: “The acquisition is indeed a significant event in the Indian startup ecosystem for several reasons. redBus is an India-based bus ticketing company that sells tickets through online and offline stores. There are two other broader aspects to the redBus deal that have a significance beyond the transaction itself. For reprint rights: Times Syndication Service, redBus sold to Ibibo in one of the biggest overseas internet deals, Phanindra Sama and Charan Padmaraju, the engineers from, who created the pioneering bus ticketing service, seven years ago, have sold their stake in the venture to the. RedBus believes in finding solutions through innovation. redbus, which is the world's largest online bus ticketing platform, saw its bus ticketing business grow by 38 per cent in the third October-December period of the current fiscal. redBus has gross margins of 10% and turnover of around US$100 million. The 11 digital map files used in the printed book have been modified for web use. (See Connected Universities: Much Greater Than the Sum of Their Parts. Unlike air travel, where 28% of all tickets are sold online, for bus tickets, the figure is only 5.7%. We are sure this will inspire more wannabe entrepreneurs to take the plunge and boost the startup ecosystem and encourage more global strategic players to look at India as part of their future growth strategy, both organically and inorganically.”, The problem in India is that exits have not been too easy. On the positive side though, with new expressways being built and overall road infrastructure getting better, we expect growth to continue," he added. It has come a long way since. Nursing Home Software Market 2020 Ensures to Achieve Highest CAGR by 2025: Point …, "Nursing Home software is used by long term care and assisted living facilites for stremlining their recordkeeping, scheduling, and other administrative processes." It is a joint venture between Naspers of South Africa, a traditional mass media company listed in Johannesburg, which has metamorphosed into an Internet powerhouse, and Tencent, China’s largest Internet services portal. Reasonable Valuation “We can think of valuation of a company in terms of revenue (turnover) multiple or net profit multiple,” says Hosanagar. “redBus is deeply entrenched in both the supply and demand side in this market. 1 local search engine] have gone public. redBus was actually looking for another round of financing when it met with an offer it couldn’t refuse. More than 250 suppliers of Alibaba participated. “It reflects the nature of the business and, in particular, lower gross margins of a ticketing operation. "We would focus on 8-10 big cities in the first phase. redBus is an India-based bus ticketing company that sells tickets through online and offline stores. RedBus is an online bus-ticketing organization with presence in India, Singapore, Malaysia, Indonesia,Colombia and Peru, serving over 5 million customers globally. Our mobile application development process integrates design and development to come up with a flexible process that delivers result. For businesses like that, revenue multiples of 0.75X or 1X are not uncommon. Non-performing loans in Indian banking sector to witness an uptick in next 12-18 months: S&P, TajSats to venture into non-aviation space, to start home-delivery of meals, MF asset base: Small towns account for 16%; Maha biggest contributor, Govt expects Joe Biden administration to review Donald Trump’s e-tax policy, Chhath Puja 2020 Vrat Vidhi : Chhath Puja significance,timing, vrat vidhi and foods, Immunity booster juices, supplements & more for overall health, 5 stunning bridal jewellery pieces for every bride-to-be, Terms of Use and Grievance Redressal Policy. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. (See redBus: Moving India’s Transportation Industry in a New Direction.). Pilani Soft Labs, the Bangalore-based company running redBus.in, the online bus ticketing service, is finalising its next round of fund raising at an aggressive valuation of as much as 11 times their net revenue of close to Rs 55 crore, thus valuing the company at $110 million (around Rs 605 crore). INGENIUM, The city of Las Vegas is known as a universal goal of betting in the clubhouse that are situated over this city and the nightlife that is offered to the voyagers, who visit this goal from various parts of the world. The company, which is part of the Nasdaq-listed MakeMyTrip group, currently garners just around 10 per cent of its bus ticketing revenues from five international locations -- Singapore, Malaysia, Indonesia, Peru and Colombia.

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