redBus.in to raise Series A from Inventus Capital

    • March 17, 2009
    Total
    0
    Shares
    Like 0
    Tweet 0
    Pin it 0

    redBus.in is in talks with Inventus capital to raise Series A fund.
    As Kanwal Rekhi (of Inventus Capital) mentions, redBus.in has clocked Rs. 30 crores revenues in 2008 and will announce the funding details very soon.

    redBus raised angel round from seedfund and has shown an impressive traffic growth (please note that web is a channel for them, they have offline distribution as well – like partnership with Comat, Karnataka etc)
    What’s your take on redBus’s model?

    Inventus Capital plans US$125 million India fund targeting early-growth India companies and recently invested in TeliBrahma.

    Read “Entrepreneurship does not need a definitive skill set” – Interview with Phanindra, CEO/Founder of redBus.in

    Leave a Reply

    Sign Up to Newsletter

    Daily.

    You May Also Like
    • 1 minute read

    Google Might Let Devs A/B Test Their App Profiles On The Play Store

    The company could announced the new feature at its I/O conference which is scheduled to be held at the end of May. Basically, Google’s new feature will allow A/B testing, where devs will be allowed to swap out elements in their app presentation screen to see which pleases users best. Further, developers will be able to use variable pricing to see at what price does their app get downloaded the most, in turn helping them build better monetization strategies.
    View Post