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June 21, 2013

Redbuzz and the Future of Indian Venture Capital

While June began with the IPO of  JustDial, the second "pure play" Internet company to list publicly in India, mid-month has been all about Naspers/ibibo acquiring redBus. Some interesting takes:

A VC-loving, Uber Entrepreneur's (read: Mr.Rodinhood, Alok Kejriwal) view of why the deal is super news

Former Seedfund (redBus investor) member Anand Lunia's take on why the deal is not as much of a "super news" (at least for VCs with large-sized funds) 

Seedfund Partner Mahesh Murthy's - typically flair-filled - Quora post on redBus

My 2-bit: Huge or not for Indian Venture Capital  the success of redBus is a hugely well deserved one for Founder-CEO Phanindra Sama, an entrepreneur who probably defines "disarmingly winning smile".  (Other keywords I would use: Down-to-Earth; Razor-Sharp and Truly Caring about Entrepreneurship in India.) Go Phani! Goibibo!!

Update: Sumanth Raghavendra, founder of Q-Prize winner Deck App Technologies, has interesting "non obvious" takes on the legal terms of redBus's VC financing as well as the business itself (via NBW). 
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