M&A Deal Summary

ibiboGroup Acquires redBus.in

On June 22, 2013, ibiboGroup acquired retailer redBus.in for 100M USD

Acquisition Highlights
  • This is ibiboGroup’s 1st transaction in the Retail sector.
  • This is ibiboGroup’s largest (disclosed) transaction.
  • This is ibiboGroup’s 1st transaction in India.

M&A Deal Summary
Date 2013-06-22
Target redBus.in
Sector Retail
Buyer(s) ibiboGroup
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

redBus.in

Bangalore, India
redBus.in is one of the largest bus ticketing platforms in India.

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Buyer(S) 1

Buyer

ibiboGroup

Gurgaon, India
Category Company
Sector Internet Software and Services
DESCRIPTION

The ibibo Group operates integrated travel properties such as Goibibo.com (leading hotels and air aggregator), redBus.in (leading online bus ticketing platform), YourBus (Vehicle tracking application), and recently launched car sharing app, ibibo Ryde. The company's mission is to organize the transportation and accommodation industry and connect it with travellers. At 7.65mn unique transactions a quarter, ibibo is one of the leading travel companies in India.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (India) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
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