 | |
| Company type | Private |
|---|---|
| Industry | Online Travel |
| Founded | 2007; 18 years ago (2007) |
| Founder | Ashish Kashyap |
| Headquarters | , India |
Key people | |
| Products | Flight, holiday, bus and train bookings |
| Parent |
|
| Website | goibibo |
Ibibo Group is an online Indian travel organisation founded in January 2007 by Ashish Kashyap. The company is a subsidiary ofMakeMyTrip (MMT) Limited, which owns a 100% stake in Ibibo Group.
The group owns theB2C online travel aggregator Goibibo, and online bus ticketing platformRedBus.in.
On 31 January 2017, MakeMyTrip (MMT) acquired the ibibo Group by purchasing 100% equity interest in the ibibo Group from MIH Internet, an indirect subsidiary ofNaspers, pursuant to a Transaction Agreement dated 18 October 2016.
Ibibo started as asocial networking service in 2007,[1] and later changed to become ane-commerce and travel organisation. In 2009 Goibibo.com was launched.[2]
Bixee is a formerjob search engine for India, and an example of bothvertical search andmetasearch (not to be confused with Bixby, Samsung's voice assistant). It was launched in late 2005. The company also launched Pixrat, which is a social photo bookmarking service. Bixee was acquired by ibibo, the Indian arm of theSouth African media giantNaspers, in December 2006.[3]
Goibibo was launched in 2009 and is part of ibibo Group. It was co-founded bySanjay Bhasin andVikalp Sahni.[4] Goibibo is India's largest hotels aggregation and also one of the leading air aggregator.
In 2011, Ibibo rolled out itspayment gateway innovation calledPayU in the Indian market, to permit websites to integrate e-commerce transactions throughonline payments.[5] With PayU, a business can process payment by usingcredit cards anddebit cards (for more than 50 banks), andonline banking for banks includingICICI,HDFC,SBI, andAxis Bank. PayU provides anAPI for integration and transaction analytics to improve the speed and security of payment processing. PayU India launched of a first-of-its kind premium deferral payment facility forconsumers 'LazyPay' aimed at those who transact digitally for any amount between ₹500 and ₹2,500 and is an option to pay later.[6]
Redbus.in became a part of ibibo group via a 100% acquisition in June 2013.[7][8] redBus is India's most popular online bus ticketing platform, both on mobile and ondesktop. The business also owns BOGDS, acloud computing service for bus operators, and SeatSeller, a GDS for bus inventory distribution.
redBus has started its carpooling and bike pooling platform called rPool in Delhi.[9]
In March 2014, ibibo Group acquiredBangalore-based bus tracking startup YourBus.[10] YourBus, founded byBITS-Pilani graduates from Rajesh Mallipeddi and Satya Padmanabham in 2011,[11] is a GPS-based bus tracking andanalytics platform. The YourBus application on a smartphone shows users the location of a bus in real time on a map. It also tells the users about thearrival time at their pick-up point along withSMS updates.[12]
In August 2015 ibibo Group bought a minority stake in cloud-based hotel services startup Djubo for an undisclosed amount.[13] Djubo, founded in February 2015 by Tarun Gulati and Sankalp Goel, manages hotel bookings for over 100 hotels through a single interface.
In July 2016 Redbus acquiredPeru-based bus tracking startup Busportal. In 2017, they founded a chapter of Redbus inColombia.
The company received ₹10.7 Crores infusion of funding from itsSingapore-based parent company, Ibibo Group Holdings. Prior to this, in November 2019, It had also received ₹71.73 Crores.[14]
In October 2016, India based online travel companyMakeMyTrip, a Nasdaq listed firm and ibibo Group,[15] India's largest travel group agreed to merge in a stock transaction, to form the country's biggest online travel company.[16][17] Both these online platforms haveAI-powered chatbots named Myra and Gia respectively.[18]
