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]

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.[2] The company also owns a minority stake in Naspers' payment gateway business PayU Global.[3]

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.[4]

History

Ibibo started as a social networking service in 2007,[5] and later changed to become an e-commerce and travel organization. In 2009 Goibibo.com was launched.[6]

Acquisition and investments

Bixee.com

Bixee.com is a 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.[7][8] The business also owns BOGDS, a cloud computing service for bus operators, and SeatSeller, a GDS for bus inventory distribution.[9]

redbus won the 'Global Mobile Innovation in Travel Award’[10] 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.[11]

YourBus, founded by BITS-Pilani graduates Rajesh Mallipeddi and Satya Padmanabham in 2011,[12] 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.[13]

Djubo

In August 2015 ibibo Group bought a minority stake in cloud-based hotel services startup Djubo[14] for an undisclosed amount. [15] 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.[16] 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.[17]

Management

Awards

References

External links

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