INTRODUCTION:

Ibibo was founded in January 2007 by Ashish Kashyap who holds Economics (Honors) degree from University Of Delhi and a diploma in International Masters in Practicing Management (IMPM) from Insead, Fontainebleau, France. Ashish had formerly served as the Head of Indian Sales and Operations for Google. Kashyap currently serves as the company's Group CEO. Ibibo is funded by the electronic media arm of South African company Naspers, MIH.

NASPERSNaspers is a South Africa-based multinational mass media company with principal operations in electronic media (including pay-television, internet and instant-messaging subscriber platforms and the provision of related technologies) and print media (including the publishing, distribution and printing of magazines, newspapers and books, and the provision of private education services).

Naspers was founded as De Nationale Pers (The National Press) on 12 May 1915. At first it only published a newspaper De Burger and in 1916 published its first magazine De Huisgenoot. In 1918 the company took a further step towards expansion when its book publishing operations were founded as De Burger Boekhandel.

In 1985, Nasionale Pers and a number of other South African media companies formed an electronic pay-television media business, M-Net, which was listed on the JSE Securities Exchange (JSE) in 1990. In 1993, M-Net was divided into two companies - M-Net itself became a pure pay-television station while the company's subscriber management, signal distribution and cellular telephone activities were formed into a new company called MultiChoice Limited (later renamed MIH Holdings Limited). Nasionale Pers itself listed on JSE on 12 September 1994 and in 1998 the group's name changed to Naspers .In 1997, MIH Ltd. created an internet service provider, M-Web Holdings, which also runs M-Web Blogspace, a popular South African blogging platform. In September 1999, Naspers purchased a 49% share holding in EvaluNet and then in January 2000, merged its existing private education activities with that of another leading South African private education business to form Educor Holdings Limited

Ibibo Groupibibo Group is an E-commerce and online transactions organization in India. The group owns Online travel businesses such as "Goibibo.com" & redBus.in, Payment platform payu.in, marketplace platform Tradus.com, Online & Mobile Game platform ibibo Games, Online Platform for buying and comparing used & new cars Gaadi.com & an online platform to collect funds PayuPaisa.

Travel:Goibibo.com: Website designed to serve the customers in booking Air tickets, Bus tickets, Hotels & Holiday Packages in India. Redbus.in: Website designed to book Bus tickets in India with a large network of Tours & Travels Companies. Gaadi.com: An online platform to buy or sell your car & also compare new & used cars prices & value.

Payment Platform:Payu.in: Online Portal for the state of art payment gateway offering safe & secure transactions online. PayuPaisa.in: An online portal empowering business to collect money within minutes.

Online Shopping:Tradus.com: Online Platform to buy and sell products ranging from electronic goods to clothes, from kitchen & home dcor to cars & bike accessories.

Gaming:Ibibogames.com: Store for online & mobile games to play with your friends/social circle for free.

Business Model:
Ibibo which stands for iBuild, iBond, started as an Indian social networking site in 2007 and in 2009 pivoted to a full scale e-Commerce organization. The core business model of Ibibo is commission revenues on successful transactions. Ibibo brings people together to Empower Indians to create and share information and in the process, discover people. This drive is an extension of raising awareness on various subjects wherein people who share a common interest can interact. Ibibo.com garnered a registered base of over 950,000 people with high level of activity for its various social applications. Ibibo.com currently has over 4 million blog posts, 250,000 questions and 500,000 answers, 130,000 polls and 15,000 opinions which in turn helps in its core revenue model which is driven by serving targeted advertising. Ibibo Group CEO after the recent takeover of redbus.in said in an interview "This gives us significant scale in terms of daily transaction volumes. We see this as an exciting market opportunity. Online penetration of the bus market is only 5-7% compared to 28% for air travel, suggesting headroom for future growth," All travel companies of Ibibo Group, including RedBus will continue to run independently and operate as separate businesses to drive deep focus.

Management Team:Ashish Kashyap (Group CEO, ibiboGroup)

Ashish Kashyap serves as the CEO of ibiboGroup in India. He set up and launched the group in 2007 and drove the creation of leading internet and mobile assets comprising of fast growing e-commerce platforms such as Goibibo.com (travel); Tradus.com (online shopping); PayU India (Payment gateway) and No 1 casual gaming platform (ibibo games).
Pankaj Jain (CFO, ibiboGroup)

Pankaj Jain serves as the Group Chief Financial Officer for ibiboGroup in India. He is responsible for managing overall Finance functions of all the Group businesses in India.
Sanjay Bhasin (CEO, Goibibo.com)

Sanjay serves as the CEO of Goibibo.com, a leading online travel platform. Sanjay built out Goibibo from scratch and launched it in October 2009.
Mudit Khosla (CEO, Tradus.com)

Mudit has spent over a decade in the E-commerce industry and has hands on experience of building businesses from scratch and rapidly scaling them. He was recently named one of the top 100 Icons of India's digital ecosystem (December 2012).
Nitin Gupta (CEO, PayU India)

Nitin is the Country Head of PayU India, a fast growing payment platform for Indian ecommerce merchants.

Umang Kumar (CEO & Co-Founder, Gaadi.com)

Umang serves at the CEO & Co-Founder of Gaadi.com, India's leading auto marketplace. Umang has a decade of experience across internet startups, leading media houses and a two year stint as a coder.
Phanindra Sama (CEO, RedBus)

Phanindra Sama (Phani) serves as the CEO of redBus.in, Indias largest bus ticketing company. Phani co-founded redBus along with 2 other batch mates in August 2006.
Pratap K Singh (President, IT Operations)

Pratap serves as the President of IT Operations and is responsible for ibiboGroup's IT projects, technology operations, infrastructure and product quality.
Rahul Razdan (President-ibibo Games & Mobile)

Rahul has been a part of the founding team at ibiboGroup, and its strategic evolution through the Indian internet and mobile space. In 2009, Rahul founded the ibibo Games business which became an industry leader in India within 2 years of its launch.
Jagdeep Singh (General Counsel, ibiboGroup)

Jagdeep serves as the General Counsel of ibiboGroup in India. He is responsible for managing the overall legal function for all the Group businesses in India.
Priyanka Dhaul (Director - HR, ibiboGroup)

Priyanka serves as the Director - HR of ibibo Group and is driving strategic level activities of organisational development, succession planning, career development and employee retention.