The Venture Intelligence Blog

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 Technolog...

Edited extract from press release: Inventus Capital Partners has announced that it led the second round investment in Pilani Soft Labs Private Limited, the company behind India’s leading bus ticketing service, redBus (www.redBus.in). Parag Dhol from Inventus Advisory Services will join redBus’ board. The round also received participation from first round investor Seedfund. redBus, which offers consumers the convenience of booking bus tickets via the phone, net and through its partners, will use the latest round of financing to further increase its geographical footprint across India. Kanwal Rekhi, co-founder, Inventus Capital Partners, said, “The fragmented bus travel market in India offers a significant aggregation opportunity. In redBus we see a set of young, enthusiastic entrepreneurs addressing a large and largely untapped opportunity. We hope to work closely with the founders, existing investor and advisors to create a unique and valuable brand”. About Inventus Capital Pa...