About Ibibo Group
Ibibo Group is a company based in Gurugram (India) founded in 2007 was acquired by MakeMyTrip in October 2016. Ibibo Group has raised $250 million across 1 funding round from investors including MakeMyTrip, Tencent and Naspers. The company has 3,145 employees as of October 31, 2024. Ibibo Group has completed 3 acquisitions, including Gaadi, YourBus and redBus. Ibibo Group operates in a competitive market with competitors including MakeMyTrip, Ixigo, Despegar, Traveloka and Priceline, among others.
- Headquarter Gurugram, India
- Employees 3145 as on 31 Oct, 2024
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Sectors
Travel & Hospitality
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$663.27 M (USD)35as on Mar 31, 2024
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Net Profit
$189.62 M (USD)1860as on Mar 31, 2024
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EBITDA
$95.57 M (USD)182as on Mar 31, 2024
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Total Equity Funding
$250 M (USD)
in 1 rounds
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Latest Funding Round
$250 M (USD), Private Equity Round
Feb 24, 2016
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Investors
MakeMyTrip
& 2 more
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Employee Count
3145
as on Oct 31, 2024
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Investments & Acquisitions
Gaadi
& 2 more
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Acquired by
MakeMyTrip
(Oct 19, 2016)
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Funding Insights of Ibibo Group
Ibibo Group has successfully raised a total of $250M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $250 million completed in February 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ibibo Group
Ibibo Group has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include MakeMyTrip, Tencent and Naspers.
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Global investments in early and growth-stage tech firms are conducted.
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Value-added internet, mobile, and telecom services are provided in China.
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Online bookings for flights, hotels, and travel packages are facilitated.
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Investor details for Ibibo Group
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Investments & Acquisitions by Ibibo Group
Ibibo Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Gaadi, YourBus and redBus.
Investment portfolio details for Ibibo Group
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Real-time bus tracking and passenger updates are provided via GPS.
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Cars and bikes are searched, compared, and classified online.
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Bus tickets are booked online via portal and mobile app.
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Complete acquisition details for Ibibo Group
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- Domains and locations
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Financial Statements - Ibibo Group
Detailed financials for Ibibo Group
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Ibibo Group Comparisons
Peer comparison for Ibibo Group
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Competitors of Ibibo Group
Ibibo Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MakeMyTrip, Ixigo, Despegar, Traveloka and Priceline, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online bookings for flights, hotels, and travel packages are facilitated.
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Online platform providing multiple travel booking services
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Multiple travel services are booked via an app-based platform.
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Multiple travel services are booked via an app-based platform.
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Travel services are booked via an AI-powered platform.
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Last-minute bookings for travel and entertainment are facilitated online.
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Detailed competitors of Ibibo Group
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Latest news on Ibibo Group
Complete news archive for Ibibo Group
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Frequently Asked Questions about Ibibo Group
Ibibo Group was founded in 2007 and raised its 1st funding round 9 years after it was founded.
Ibibo Group is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Ibibo Group is a funded company, having raised a total of $250M across 1 funding round to date.
As of Oct 31, 2024, the latest employee count at Ibibo Group is 3,145.
Annual revenue of Ibibo Group is $663.27M as on Mar 31, 2024.
Ibibo Group, owned by Naspers subsidiary, MIH Global Internet, is an online travel company with offerings across multiple travel verticals. Started as a social networking website. Partnered with QQ, a Chinese messaging and communication tool. Pivoted to become an online gaming platform with 2M active users on the database. Naspers acquired e-commerce site, Tradus in 2008 which facilitated Ibibos venture into online retail. Ibibo launched PayU and goIbibo in 2011. Acquired Gaadi.com from Accentium Web for 2M in 2011. Later acquired redBus (2013), TravelBoutiqueOnline (2012) and YourBus (2014). Started a ride-sharing platform called Ryde in 2015. Received 250M in funding from Naspers in Feb 2016, increasing its stake to 90 per cent. Merged with the MakeMyTrip in Oct16 for an amount of 720M.
Ibibo Group's top competitors include MakeMyTrip, Ixigo and Despegar.
Ibibo Group has 3 investors. Key investors include MakeMyTrip, Tencent, and Naspers.