About redBus
redBus is a company based in Bengaluru (India) founded in 2006 was acquired by Ibibo Group in June 2013.. redBus has raised $10 million across 3 funding rounds from investors including Ibibo Group, Athera Venture Partners and Seedfund. redBus offers products and services including Bus Ticket Booking Platform and redDeals. redBus operates in a competitive market with competitors including Busbud, IntrCity SmartBus, Omio, FlixBus and Cityflo, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Pilani Soft Labs Private Limited
- Date of Incorporation 04 Aug, 2006
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 3 rounds
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Latest Funding Round
$6.5 M (USD), Series C
Mar 14, 2011
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Investors
Ibibo Group
& 5 more
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Employee Count
Employee Count
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Acquired by
Ibibo Group
(Jun 15, 2013)
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Products & Services of redBus
redBus offers a comprehensive portfolio of products and services, including Bus Ticket Booking Platform and redDeals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for booking bus tickets and selecting seats.
Offers discounts and deals on bus ticket bookings.
Funding Insights of redBus
redBus has successfully raised a total of $10M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $6.5 million completed in March 2011. 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $6.5M
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First Round
First Round
(31 Jul 2007)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2011 | Amount | Series C - redBus | Valuation | Helion Venture Partners | |
| Jun, 2009 | Amount | Series A - redBus | Valuation | Seedfund , Athera | |
| Jul, 2007 | Amount | Seed - redBus | Valuation | Seedfund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in redBus
redBus has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Ibibo Group, Athera Venture Partners and Seedfund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early to late-stage venture capital is invested in Indian sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding and support for Indian startups.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments are provided by Athera.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by redBus
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - redBus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Redbus Comparisons
Competitors of redBus
redBus 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 Busbud, IntrCity SmartBus, Omio, FlixBus and Cityflo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based platform for booking bus tickets
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| domain | founded_year | HQ Location |
Sleeper bus tickets are provided via an online booking platform.
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| domain | founded_year | HQ Location |
App-based platform for booking transport services
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| domain | founded_year | HQ Location |
Bus tickets are booked via an app-based platform.
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| domain | founded_year | HQ Location |
App-based air-conditioned bus services for office commutes are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Redbus
Frequently Asked Questions about redBus
When was redBus founded?
redBus was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Where is redBus located?
redBus is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is redBus a funded company?
redBus is a funded company, having raised a total of $10M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jul 31, 2007.
What does redBus do?
redBus is a consumer-facing travel brand enabling customers to buy tickets on the internet and mobile. The company partners with bus operators and enables travelers to book inter-city bus tickets and hire buses. The company also added hotel booking capabilities. Owned around 70 of the market share in online bus ticketing. Its mobile app is available for download across Android, iOS and Windows devices. Launched a pilot project for dynamic pricing in Ahmedabad with cheap tickets for early birds. Planning to expand its global footprint by launching operations SEA LATAM countries. Acquired by Ibibo Group in June 2013.
Who are the top competitors of redBus?
What products or services does redBus offer?
redBus offers Bus Ticket Booking Platform and redDeals.
Who are redBus's investors?
redBus has 6 investors. Key investors include Ibibo Group, Athera Venture Partners, Seedfund, Helion Venture Partners, and Neeraja Reddy.
What is redBus's valuation?
The valuation of redBus is $30.31M as of Mar 2011.
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