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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.