edBus, also known asredBus.in, is India's largest online bus ticket and hotel booking company.[2]The company also sells tickets through offline outlets. It has offices inAhmedabad,Bangalore,Chennai,Coimbatore,Delhi,Hyderabad,Mumbai,Pune,VijayawadaandVisakhapatnam. It was taken over by theIbiboGroup, a joint venture of South Africa'sNaspersand China'sTencentin June 2013 for $138 Million (INR 800 Crore).[3]redBus' CEO, Phanindra Reddy Sama was recently selected byEndeavoras a high impact entrepreneur.[4][5][6]Also,Businessworldvoted Phanindra Reddy Sama as one of the top 5 most promising entrepreneurs in India.[7]Contents[hide] 1Progress 2Present scenario 3Awards and recognition 4Products and services 4.1Hotels 5TV Commercials 6Management Team 7References 8External linksProgress[edit]RedBus has crossed the one-crore (10 Million) mark in the number of tickets sold in July 2012. It has over 2 million registered users and is rapidly approaching the $300 million GMV (gross merchandize value) mark. The company lays a lot of focus on keeping their costs low. In May 2013, RedBus began running their first series of Television ads.[8]Present scenario[edit]Phanindra Reddy Sama and Charan Padmaraju, the engineers from BITS Pilani who created the pioneering bus ticketing service redBus in August 2006, have sold their stake in the venture to the Ibibo Group, a joint venture of South Africa'sNaspersand China'sTencentin June 2013.[9]redBus is estimated to have a market share of 65 percent.[10][11][12]In April 2014, redBus launched hotel booking powered by ibiboGroup's back end infrastructure on its website.[13]In August 2014, redbus teamed up withUber(an on-demand cab transportation application) to offer free rides to bus stops.[14]Awards and recognition[edit] Winner of Mobile Innovation in Travel - 2014 [Eyefortravel][15] Most Innovative Company of the Year - 2014 [Business Standard][16] Awarded the Marico Innovation Awards - 2012[17] Received the Porter prize award at IFC Mint Strategy Awards 2012[18] redBus technology was amongst the top 5 winners of the prestigious CIO Asia Award in Singapore in 2011[19] Amongst the top 5 startups to be watched in 2010 by Forbes Magazine[20]