In less than one year of acquiring redBus for some INR 800 crore, ibibo Group has acquired bus tracking and analytics startup YourBus.
The online bus ticketing service, redBus has been finally acquired by ibiboGroup, the domestic joint venture of China’s Tencent and South Africa’s Naspers, confirms Ashish Kashyap to iamwire.
Ecommerce industry has really been going great @ every passing day in India. Consequently service supporting entire eCommerce phenomenon is also being evangelized by foreign as well as domestic players.
Indian eCommerce industry is growing very fast and trend of deserting the plush professional career and step in to riskier and volatile space of entrepreneurship is also growing.
E commerce industry in India is growing at a phenomenal pace but are the services supporting it at the backend able to keep pace?
“The decision of our internal funding is dictated by overall exuberance of entire online ecosystem in India”- Rahul Sethi3 Comments
Online businesses in India are witnessing unprecedented faith of investors and consumers at the same time. External funded ecommerce companies in India are showing lot of exuberance , however the internal funded company like tradus sees ecommerce as running a marathon where level of energy including funding should be in synchronization in order to clear the finish line of e-marthon.