To read more about their latest carpooling services, click https://techstory.in/redbus-expands-rpool-service-with-bike-pool/ .This services has made them overcome some of their recent challenges, giving them a technological edge compared to others. The company expanded globally, making their presence known in countries such as Indonesia, malaysia and Peru. The second round of funding came from Inventus Capital Partners and Seed Fund. Market Type Share ISIN Share Description; Redbus Assd Csh: LSE:RBIA: London: Ordinary Share: GB00B0NY5366: ORD 1P (ASSD TELECITY CASH) Price Change % Change Share Price Shares Traded Last Trade : 0.00: 0.0%: 0.00-Bid Price Offer Price High Price Low Price Open Price; Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Last Trade Time Trade Type … The customer support is outstanding and customers find the most reasonably priced tickets here. A few years back, there were not many options available to travelers to book their tickets other than the long hard way. There was no such website that existed before redBus, giving the an upperhand in the industry as well. The Logic of Randomness in the Stock Market, Moments in Time: A Tribute to Whitney Houston, Cover story: How philanthropy has moved beyond billionaires, The steam behind JetSynthesys's rapid growth, The Economic Revival Debate: Animal Spirits Are Back, Cinema pods to become a reality soon, India a key market, RBI working group proposes dramatic changes to Indian banking, Why startups should focus on cybersecurity. Many hashtag catchphrases such as #takemehome and #dontmissthebus enabled them to make a ripple among the crowd. The capital amount of INR 5 lakh was pitched in by the founders themselves. During their starting period, redBus only had one bus operator in their list, with a megre 5 seats available for booking. 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And as customers vote for greater comfort and speed with their wallets, operators too are upgrading—buying expensive multi-axle buses, hiring ‘customer service managers’ and investing in technology.Inspired by the turnaround story of Goa’s Kadamba, various state-run corporations too are now approaching Redbus to sell tickets online. redBus 1.0 was a start-up launched for online bus ticketing that started off with a couple of bus operators in Bengaluru. Prakash Sangam in conversation with Sonam Sain. Also, the hotel services are provided along with the booking of tickets. “Almost all the funding they’ve raised (Rs 42 crore) is still in the bank,” says Sanjay Anandaram, an early investor in the company and a board member.Using its significant transaction volume and loyalty among bus travellers, Redbus has gradually expanded its role with bus operators and travel agents. They also have a pretty strong customer service and complaints centre which heeds to the needs of the users. The social media marketing campaigns also strengthened through the investments. Free forex prices, toplists, indices and lots more. With a self-estimated market share of over 65 percent, it did over Rs 100 crore in sales during the last quarter of 2011. redBus has introduced a carpooling option in 2019, and has opened up the virtual payment option of PhonePe in their website. The top 10 competitors average 75.7M. redBus's revenue is the ranked 2nd among it's top 10 competitors. FAU-G game to launch soon: Can it compete against PUBG? The team also enables pilgrimage tours, special discounts and festive offers. redBus offers bus ticket booking through its website,iOS and … Photo: Meghana Sastry. By August of 2006, they were all set to launch their never before seen idea and the rest is history. It's very inspiring to see all that this company has achieved in a relatively short span of time. 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Through BOSS and Seat Seller, two cloud-based software services it developed and now sells to bus operators (for managing their operations), and travel agents (to aggregate and sell tickets across multiple operators), Redbus is slowly trying to establish itself as the industry’s reservation platform, like Amadeus or Sabre in airline travel.There are other competing platforms, like Mantis (TravelYaari), AbhiBus and SimplyBus, but none with the comprehensiveness of Redbus’ offerings that combine consumers, operators and travel agents. It was in the year 2007 that the team received their first round of funding from SeedFund, the source of which still remains unknown. 2020 Audi Q2 review: The perfect premium SUV for India? Most senior management, including the founders, are frequent bus travellers themselves.Therefore most of its growth has been self-funded, unlike the typical e-commerce startup that burns venture funding to buy growth.