ed (red bus)

15
A Budding Entrepreneur: Mr.Phanindra Sama

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Entrepreneurship Development, An overview of evolution of RedBus.in

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Page 1: Ed (red bus)

A Budding Entrepreneur:

Mr.Phanindra Sama

Page 2: Ed (red bus)

“Eager to spend Diwali with my family in Hyderabad, I visited several travel agents to buy a bus ticket, but failed to get one.” 

Page 3: Ed (red bus)

Phanindra SamaGraduated with honors from BITS Pilani.

Worked with Texas instruments.

Co-founder and CEO of redBus, India’s largest bus tickets

aggregator.

Has become the 2nd entrepreneur from India to join

Endeavor, a non-profit organization which supports what it

calls as ‘HIGH-IMPACT’ entrepreneurs.

Page 4: Ed (red bus)

All about redBus:redBus was started by 3

friends from BITS Pilani.

1)Phanindra Sama –

Ex Texas Instruments

2)Charan Padmaraju –

Ex Honeywell

3)Sudhakar Pasupunuri –

Ex IBM

Page 5: Ed (red bus)

redBus is the 1st player in India to launch the concept of online bus

tickets.

Founded in late 2006, it is India’s largest such service with the

highest number of routes (over 3200) and over 250+ bus operator

partners.

Later, redbus.in is a market leader in the industry with an inventory

featuring 500+ bus operators for 5000+ services covering over

15 states in the country.

It serves customers from 7 call centers spread across South, West

and North India.

Page 6: Ed (red bus)

Consumers get some unparalleled benefits that are unique to redBus:

They can book return tickets.They can choose their seats.They can get tickets home delivered.They have access to the best-in-class bus

operator.They can book tickets over the phone, through

their mobile, on the net or in person at its partner outlets.

Page 7: Ed (red bus)

Phanindra as entrepreneur:

He chose entrepreneurship to explore learning outside technology.

He was always curious to understand and experiment with things such as branding, product pricing, advertising, HR activities etc.

He says “Entrepreneurship provides unrestricted opportunity to explore such things.”

Page 8: Ed (red bus)

He always tries to overcome challenges by seeking

advice from mentors, reading up books on

management, leadership, biographies and psychology.

He has won accolades - being recognized as India’s

Most Promising Entrepreneurs: No#3 by Business

World, selected as Endeavor Entrepreneurs and TiE

Entrepreneurs.

This clearly shows the start of a steely entrepreneur.

Page 9: Ed (red bus)

Entrepreneurial Qualities in him:

He most definitely have the drive to succeed which comes from within.

He is competitive in nature, gave an inch, and took a foot ahead.

He is self-motivated and energetic.

He is a change manager, is not apprehensive of change, in fact he embrace it.

Page 10: Ed (red bus)

He has accepted constructive criticism, and at times

even hard core rejection.

He is confident and has a realistic approach.

A firm believer in himself.

Highly resourceful and creative in work and life.

Continuously walk on the path of self-discovery.

He is an innovator, creator, risk taker and leader.

Page 11: Ed (red bus)

Appreciation of an innovative idea:

Thank u very much 4 support. Keep going like this n wish u people to be d No.1 Online Bus Ticket provider in d country. Really u r doing a good job.

Malay Kumar Jena- Wipro, Bangalore

Red Bus is doing a great job in helping passengers to book the ticket. I really benefit from this site. Thanks 4 d friendly support n good startup in travels online booking. All The Best. Take care.

Ramesh- Crimson Logic, Bangalore.

Page 12: Ed (red bus)

I loved d service. In d age of e-Commerce n all services available to people at d click of their mouse button, it is of course a very good way of having options from various travels under a single umbrella. Cheers to redBus.in

Anil Kumar- Satyam, Hyderabad.

Excellent service. Its 1st time I booked my ticket through redBus and I'll continue to use this one. I'll also encourage my friends to use this.

Pradeep- ICICI, Mumbai.

Its really a very good website. Simply Superb. Hats Off to the people behind it.

Kamlesh-GE, Hyderabad .

Page 13: Ed (red bus)

Either of these three co-founder?If not, then who is owing this venture at present?

Then who is CEO for redBus?

Page 14: Ed (red bus)

•  It was taken over (June 2013) by the Ibibo Group, a joint venture of South Africa's Naspers and China's Tencent in June 2013 for $138 Million (INR 800 Crore).

• The present CEO- Prakash Sangam

Page 15: Ed (red bus)

-SRINATH RAMAKRISHNAN