redBus.in to raise Series A from Inventus Capital

Total
0
Shares

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

iOS 9 releases tonight : find out the exact time

The much awaited iOS 9 releases tonight across the globe. Find out when will you get it (depending on your geography). For India,the timing is 1030 pm. Apart from several new additions, iOS 9 will also ship with apple’s news app which competes with the one you are reading this news on !
View Post