Ibibo

ibibo Group
Private
Industry Online Travel
Founded 2007 (2007)
Founder Ashish Kashyap
Headquarters Gurgaon, India, India
Products Domestic and international flight bookings, hotel and holiday bookings, bus bookings
Slogan "We Love Travel"
Website ibibo.com

ibibo Group is an online travel organization founded in January 2007 by Ashish Kashyap. The company is a subsidiary of Naspers,[1] which owns a 80% stake in Ibibo Group. In February, Naspers announced plans to increase its stake in Ibibo Group to 90% by investing additional $250 million in the company.[2]

The group owns the B2C online travel aggregator Goibibo, and online bus ticketing platform redBus.in, and has a 51% stake in the B2B travel website travelboutiqueonline.com.[3] The company also owns a minority stake in Naspers' payment gateway business PayU Global.[4]

In 2013, ibibo Group was named one of the top five most trusted e-commerce brands in India in The Brand Trust Report India Study – 2013.[5]

History

Ibibo started as a social networking service in 2007,[6] and later changed to become an e-commerce and travel organization. In 2009 Goibibo.com was launched.[7]

Acquisition and investments

Bixee.com

Bixee.com is a former job search engine for India, and an example of both vertical search and metasearch. It was launched in late 2005. Bixee was founded by Ruban Phukan and Rajesh Warrier who started the company RHR Networks Private Limited. The company also launched Pixrat.com, which is a social photo bookmarking service.

Bixee.com was acquired by ibibo, the Indian arm of the South African media giant Naspers, in December 2006.

redbus.in

redbus.in was founded in to 2007 and it became part of ibibo Group in 2013 via a 100% acquisition.[8][9] The business also owns BOGDS, a cloud computing service for bus operators, and SeatSeller, a GDS for bus inventory distribution.[10]

redbus won the 'Global Mobile Innovation in Travel Award’[11] announced by Eyefortravel in March 2014. It also won the Business Standard annual award for 'The Most Innovative Company of 2013'.

YourBus

In March 2014 ibibo Group acquired Bangalore-based bus tracking startup YourBus.[12]

YourBus, founded by BITS-Pilani graduates Rajesh Mallipeddi and Satya Padmanabham in 2011,[13] is a GPS-based bus tracking and analytics platform. The YourBus application on a smartphone shows users the location of a bus in real time on a map. It also tells users the arrival time at their pickup point, with SMS updates.[14]

Djubo

In August 2015 ibibo Group bought a minority stake in cloud-based hotel services startup Djubo[15] for an undisclosed amount. [16] Djubo, founded in February 2015 by Tarun Gulati and Sankalp Goel, manages hotel bookings for over 100 hotels through a single interface.

PayU India

In 2011, Ibibo rolled out its payment gateway innovation called PayU in the Indian market, to permit websites to integrate e-commerce transactions through online payments.[17] With PayU, a business can process payment by using Visa Inc. and MasterCard credit cards and debit cards (for more than 50 banks), and online banking for banks including ICICI, HDFC, SBI, and Axis Bank. Payu provides an API for integration and transaction analytics to improve the speed and security of payment processing.[18]

Management

Awards

References

  1. ↑ , Naspers
  2. ↑ Sahay, Priyanka. "Ibibo to raise $250 million from Naspers". http://www.livemint.com/. Retrieved 2016-02-27. External link in |website= (help)
  3. ↑ MIH Group acquires 51% stake in Tek Travels, The Economic Times, Apr. 2012
  4. ↑ Ibibo Group secures minority stake in Nasper's PayU Global, Mar. 13, 2014
  5. ↑ Most trusted online brand in India, The Times Of India, Feb. 26, 2013
  6. ↑ Ibibo.com Launched New Ad Commercial, Business Wire India, Jan. 8, 2008.
  7. ↑ "Goibibo.com".
  8. ↑ redbus sold to Ibibo, The Times Of India, Jun. 21, 2013
  9. ↑ ibiboGroup Acquires redbus.in, The Telegraph, Jun. 21, 2013
  10. ↑ , bogds
  11. ↑ EyeforTravel. "EyeforTravel: Online Travel Insights".
  12. ↑ The Times of India, Mar. 21, 2014
  13. ↑ YourBus integration with RedBus prompted acquisition, LiveMint, Mar. 21, 2014
  14. ↑ Naspers-Backed ibiboGroup Acquires Online Bus Tracking And Analytics Startup YourBus In India, TechCrunch, Mar. 19, 2014
  15. ↑ "DJUBO - Online Hotel Sales Platform & CRS".
  16. ↑ , August 28, 2015
  17. ↑ Naspers Launches Payment Gateway PayU In India, MediaNama, Oct.7, 2011
  18. ↑ PayU – Payment Gateway for Indian market, iamWire, Oct.7, 2011
  19. ↑ Priyanka Pani. "The BL interview". The Hindu Business Line.
  20. ↑ "Travel News - Maiden Great Indian Travel Festival to take place from Apr 18-26, 2015 - TravelBiz Monitor".
  21. ↑ "Economic Times Most Promising Brands 2015 unveiled".
  22. ↑ "Goibibo.com is the winner of OTM India’s Top 100 Travel producers Award 2015 - 04 Feb 2015".
  23. ↑ "Goibibo.com voted as the 'Best Website'of the Year India 2014".
  24. ↑ "Goibibo is awarded The Economic Times 'Best Tech Travel Aggregator Brand'Award for 2015".

External links

This article is issued from Wikipedia - version of the Wednesday, April 13, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.