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Home > Strategy > Bus ticketing space gets hotter!

Bus ticketing space gets hotter!


When RedBus– an online portal to book bus tickets was launched in 2005, many thought it won’t be much successful. Who will buy a bus ticket online? They said. Last year RedBus sold 50 lakh tickets from its portal. Which essentially means 13,000 tickets sold per day! RedBus is also said to be looking for acquiring offline ticket booking companies in Singapore and Malaysia.

Last week, TicketGoose raised $4.5 Cr from angel investors. The details of the investors and stake diluted are not yet known but the company is valued right now at $7 million. I had never heard of TicketGoose until this news broke out. Now check this out, TicketGoose books 4000-5000 tickets a day- which by no means is a small achievement, given the fact that they started out in 2007. In ticket booking, they come next only to RedBus and claim to have the largest inventory (partner bus operators) among all the bus ticket booking sites.

There are not many players in theis segment as of now. But, with RedBus gaining traction and TicketGoose managing a decent angel investment and acquiring a good chunk of customer midspace, the segment is bound to get hotter and attract more investments. There is another company called AbhiBus- which is a very small player as compared to RedBus and TicketGoose.

 

 

 

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  1. September 17, 2014 at 12:03 am

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