RedBus is a venture that was born out of TiE's (The Indus Entrepreneurs) Entrepreneurship Acceleration Program (EAP) - a programme that enables start-ups to build and grow while being closely held for guidance and support.
Sama started Redbus in 2006 to sell bus tickets online. It was acquired by the Ibibo Group, a joint venture of South Africa's Naspers and China's Tencent in June. RedBus is a venture that was born out of TiE's (The Indus Entrepreneurs) Entrepreneurship Acceleration Program (EAP) - a program that enables start-ups to build and grow while being closely held for guidance and support. At an initial stage, Phani and his two co-founders undertook extensive market surveys to understand the market and the aspirations of the customers.
Once they felt they understood the business, they developed a plan for the business and submitted it to a TiE (the Indus Entrepreneurs) mentorship competition - where they were among the three winners. The portal was created with the help of the initial seed funding and mentoring that was provided by the competition.TiE is a global network of passionate thinkers, leaders and entrepreneurs on a mission to inspire, educate, and empower individuals to be successful entrepreneurs.
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