More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. ), Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. , In 2013, redBus was acquired by Ibibo Group, a subsidiary of South Africa’s Naspers. redBus is planning to expand its bus ticketing business globally and aims to garner 35 per cent revenue of this segment from overseas operations over the next 3-4 years, a top company official said on Wednesday. Description. Find related and similar companies as well as employees by title and much more. Enjoy Reading! We shipped eight EUV systems in the fourth quarter and we received orders for nine EUV systems. Besides this offering, redBus.in also sells two cloud-based software, called BOSS and Seat Seller which it developed in-house, to bus operators (for managing their operations), and travel agents (to aggregate and sell tickets across multiple operators).  redBus announced a partnership with Google Maps to present travellers with information on busses that ply between cities with the exact time and information on where to board the bus. Digital Editor. In addition to the online route of booking tickets, redBus.in offers tickets through the cash-on-delivery mode, besides the brick and mortar route by being present in 26 locations across India. RedBus became the world’s largest online bus ticketing organization having 8 million customers selling 75 million tickets globally. On the positive side though, with new expressways being built and overall road infrastructure getting better, we expect growth to continue," he added. Your support through more subscriptions can help us practise the journalism to which we are committed. Not able to sell return bus tickets to the customers when needed. In the same year the company was selected for the TiE Entrepreneurship Acceleration Program and was mentored on several aspects of the business. redBus is planning to expand its bus ticketing business globally and aims to garner 35 per cent revenue of this segment from overseas operations over the next 3-4 years, a top company official said on Wednesday.The company, which is part of the  Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. About Us; Our Portfolio; Philanthropy; Newsroom; Contact Us; Month: December 2019 Hollywood moments for high street stores. You may need to download version 2.0 now from the Chrome Web Store. It charges commission from the bus operator on every ticket booked through their platform. (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed. Founded in 2006, redBus has sold over 75+ million tickets so far. redbus, which came into being in 2006, till date has globally sold more than 180 million bus tickets and has customer base of around 20 million users. redBus was founded in 2006 by Phanindra Sama, Sudhakar Pasupunuri and Charan Padmaraju, engineers from the Birla Institute of Technology and Science, who also worked together at various organisations before founding the company. We, however, have a request. New Delhi | May 31, 2019 12:53 AM.  The platform is also a part of India’s leading online travel company MakeMyTrip Limited. Financial Times. The Facebook page has huge 1,000,000 fans with average likes of 500 followers on a post and 5000 plus followers on Twitter. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. We recorded an order intake for EUV of €6.2 billion during the year and saw the adoption of EUV in high-volume manufacturing. Support quality journalism and subscribe to Business Standard. The first year they were with zero profits. Read more about redBus eyes revving up bus ticketing revenues from overseas operations on Business Standard. If online bookings grow, it will automatically help us," he noted. Bangalore The primary revenue model is simple. It acquired a majority stake in Peru-based bus ticketing platform Busportal in the subsequent year. It helps you to check schedules, a select bus of your choice, Seats with just a few clicks with the mouse or taps on the phone. 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