Tag Archives: redBus

redBus has launched its latest service, called Bus Hire, which would offer customers mini-buses or tempo-travellers if they are seeking to hire buses. Bus Hire will provide a one-stop access to leading chartered bus providers in a particular city who offer best-in-class vehicles and superior service quality. The platform gives transparent and all-inclusive prices along with value added information such as bus photos and convenient payment options to help customers make an informed and suitable choice. This service is presently available in seven cities across India- Bangalore, Mumbai, Pune, Chennai, Hyderabad, Delhi, and Ahmedabad and is soon being extended to other towns. The range of vehicles that customers can choose from is very extensive, and includes luxury buses, regular buses, mini buses, tempo travellers and cars. Prakash Sangam, CEO, redBus.in, expressed his enthusiasm about the new service, commenting, “Often group travel such as corporate outings, weddings and pilgrimages require a full vehicle to be hired. There was no easy way for travellers to connect with multiple vehicle providers to hire a bus of their choice. With our new Bus Hire product, we aim to simplify the process by providing customers with a customised, transparent and quick method of evaluating and choosing among different vehicle options. For charter bus operators, it opens up another avenue for attracting customers and growing their business.” Once a customer provides basic details of his or her desired trip, the bus operators on redBus Bus Hire platform respond with quotations that are transparent and all-inclusive. The base fare, driver charges, tolls, permit fees and taxes are all specified in the quotations. Customers can also view images of the bus before they confirm a booking. Customers can …

Leading online travel groups, MakeMyTrip Limited and ibibo Group, have agreed to pursue a transaction that will combine the two businesses under MakeMyTrip. The combination will bring together a bouquet of leading consumer travel brands, including MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 mm transactions during FY2016.Following the closing of the proposed transaction, Founder Deep Kalra will remain Group CEO and Executive Chairman of MakeMyTrip and Co-founder Rajesh Magow will continue to remain CEO India of MakeMyTrip. Founder and CEO of ibibo Group, Ashish Kashyap, will join MakeMyTrip’s executive team as a Co-founder and President of the organization. The transaction is expected to unlock value for customers, supply partners and shareholders, by combining the complementary strengths of each business. Naspers and Tencent, through their jointly owned holding company (91% owned by Naspers and 9% owned by Tencent), are selling ibibo Group to MakeMyTrip in exchange for an issuance of new shares by MakeMyTrip. Upon closing of the transaction, MakeMyTrip will own 100% of ibibo Group. Naspers and Tencent will become the single largest shareholder in MakeMyTrip, owning a 40% stake, and will contribute proportionate working capital upon closing. Deep Kalra, Chairman and Group CEO of MakeMyTrip, said: “Today’s announcement is a significant step forward for the rapidly growing travel industry in India. We expect this deal to create an even more scalable business with the expertise to transform the booking experience for Indian travellers. I am delighted to be leading such a strong team in our next chapter of high-growth in this dynamic industry.” Rajesh Magow, co-founder and CEO India of MakeMyTrip added: “We welcome the ibibo team to the newly expanded MakeMyTrip family. The combination of these two …