Sunday, 16 June 2013

Ibibo to acquire online bus ticket portal redBus



Naspers Group is in talks to acquire Indian online bus ticketing firm redBus in a deal which values the company at Rs 800 crore, according to buzz in the market. Naspers owns travel portal company Ibibo
Group.

RedBus covers more than 10,000 bus routes in India and the tickets are available at more than 30,000 ticket outlets. Sameer Guglani, Founder, The Morpheus, said redBus is a great brand, but the returns in the online business are very slow.


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Now these days passenger have no time to book tatkal ticket