Good afternoon to all Beautiful ladies & Gental men over here

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Its not Group 6 !! We are Team Alchemist !

Sindhu K.S Bharathi Ambika

Urooj Ahmed Arun N Kiran N 12/17/12 Naveen C.T

Incredible !ndia

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How you want to travel ??

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Your stop Remember to take the road. India is beautiful. Experience it by road.

It has been a pleasure conversing with you. We look forward to many more journeys with each one of you. & The Success Story begins here..
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Theyre..

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The seed was sown when he couldn't get a bus ticket to go back to Hyderabad during the long Diwali weekend in 2005 !

Panindra Sama (B.E

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BITSP)

Started modestly in August 2006

Founders

Phanindra Sama

Co-Founder, B.E (Honors.) EEE from BITS-Pilani (Previously worked with Texas Instruments, Bangalore for 4 years) Co-Founder, B.E (Honors.) EEE from BITS-Pilani (Previously worked with IBM, Bangalore for 4 years)

Sudhakar Pasupunuri

Charan Padmaraju Co-Founder, M.Sc (Honors.) Physics and B.E (Honors.) EEE from BITS-P
(Previously worked with Honeywell, Bangalore for 3 years)

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From where did they gather capital for starting the company?

started in August 2006 with Rs 500,000 which was the savings of the three of them. One room of the house where they stayed was their office.

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Crisis
Data mining, Collecting the information

* The number of buses * The number of routes * The average price of a ticket * How people buy tickets * The profile of customers * How much commission a bus operator pays to
an agent, etc.

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* *

How did this team let the customers know that they could book on redBus web site? How to get the bus tickets from the bus operators ? of the banks were ready to provide the payment gateway. How to sell the tickets ?

* None *

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Turning Point !!
*TiE selected redBuss as one of the three ideas out of 300
for mentoring. *redBus needed Rs 3 crore (Rs 30 milion) to scale up the business. The agreement was that money would be invested in three years. *That was in February 2007 and the money was supposed to last till February 2010. redBus spent all the Rs 3 crore in one-and-a-half years. *The VCs also asked them to change from an online bus ticketing company to just bus ticketing company, and that is what redBus is now.

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The first year was not a full year and redBus did Rs 50 lakh (Rs 5 million) worth of business in the first financial year. There were no profits. Second year -- the year ending 2008 March -- was a huge success. The turnover was Rs 5 crore (Rs 50 million). redBus had 25-30 people working for them in three offices and had 50 bus operators. In 2009, redBus grew six times and the turnover was Rs 30 crore (Rs 300 million). In 2010 March, redBus had Rs 60 crore (Rs 600 million) as turnover.

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And Today.,

redBus has 250 people working for redBus in 10 offices. Have seven physical call centres & 3 satellite call centres & tickets are home delivered in 10 places.

Sell more than 5,000 tickets every day. Have 700 bus operators with them.

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redBus have only touched the tip of the iceberg !

* 5 lakh tickets with us to be sold every day ! * Profitable
from December 2009. In the next 4 years, redBus plan to cross Rs 1,000 crore (Rs 10 billion)

* Association with Endeavour start. *

Phanindra is only the second Indian to be a part of this international network.
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Inspired !

To budding entrepreneurs, I would like to say that if you genuinely believe in your product, there is no stopping you. The whole world comes together to help you. Entrepreneurship is not always a smooth ride but you will get help every time you need. Just be brave and maintain your integrity. - Panindra Sama CEO Pilani Soft Labs 12/17/12

Thank you for your patience :-)

Its your turn !

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