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ibiboGroup (80% holding) is India's leading online travel group and the largest in terms of transaction volumes. The group owns online travel assets such as Goibibo.com (leading B2C online travel aggregator); redBus.in (leading online bus ticketing platform) and TravelBoutiqueOnline (51% stake in the leading online B2B travel platform).
ibiboGroup was founded by Ashish Kashyap and the company also owns a minority stake in Naspers’ global payments business, PayU Global.
The B2C online travel aggregating (OTA) business, Goibibo.com was launched in 2010. In 2013, ibiboGroup further increased depth in the bus vertical via the 100% acquisition of India's number one online bus ticketing platform, redBus.in. In March 2014, ibibo Group acquired an online bus tracking and analytics engine, YourBus.in.
Earlier In 2012, the Group invested in B2B online travel platform, TravelBoutiqueOnline that enables thousands of agents and ‘mom and pop’ shops to get e-enabled.
In 2013, ibiboGroup was named one of the top five most trusted ecommerce brands in India in The Brand Trust Report, India Study – 2013. Ashish Kashyap, the CEO, was named one of the top 100 icons of India’s digital ecosystem.
Goibibo.com was organically developed and launched by ibiboGroup in 2010. It is one of the top three B2C online travel aggregators in India. Goibibo's core value differentiator is delivery of the fastest and most trusted user experience, be it in terms of quickest search and checkout flow; fast payments, settlement and refund processes. It enables travellers to search, compare and buy from across categories and width of travel suppliers comprising: air tickets, bus tickets; holidays, hotels and car rentals.
Goibibo is also a leading app across mobile operating systems: iOS, Android and Windows. It is these attributes that has enabled Goibibo to trounce hundreds of players in the online travel space.
redbus.in was founded in to 2007 and it became part of ibibo Group in 2013 via a 100% acquisition. It is India’s number one online bus ticketing platform both on mobile as well as desktop.
The business owns three products - redBus™, BOGDS™, SeatSeller™ serving the fragmented bus industry in India. redBus™ is consumer facing travel brand enabling customers to buy tickets on internet and mobile. BOGDS™ is a cloud solution built for bus operators.
Thousands of bus operators in India use this platform. SeatSeller™ is GDS for bus inventory distribution. Over 10,000 retail agents including the OTAs use SeatSeller to sell bus tickets to their customers.
redBus won the 'Global Mobile Innovation in Travel Award’ announced by Eyefortravel in March, 2014. It also won the Business Standard Annual Award for 'The Most Innovative Company of 2013' earlier this year.
Travel BoutiqueOnline (TBO) founded in 2007, is the biggest B2B online travel platform in India. IbiboGroup acquired 51% stake in the business in March 2012. The platform enables small-medium agents and mom and pop shops to become e-agents and further sell travel services ranging from air, hotels, rail and bus tickets.
The company operates three business verticals, TravelBoutiqueOnline (India), TBO Mena (Middle East & North Africa) and Techmaster (Technology Development). The group works with almost 14,000 travel agents in India and the Middle East.
TBO was awarded the Best IT Innovator in 2007 by NASSCOM and was one of the finalists at CNBC Emerging India Awards in 2009. It also won the Best B2B Online Portal Award from TAAI in 2014. Ankush Nijhawan, the Managing Director, won the award for the Most Influential Person in Travel Industry by NDTV Profit earlier this year.