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A comment on Redbus.in acquired for $138M.

Re:Redbus.in acquired for $138M by monsterix on Saturday June 15, 2013 @01:19PM (#5885603)
From what is being divulged, and from the fact that Phani is suddenly a former CEO, not 'current until', during the time of the deal this seems more like a distress sale or a forced one. Hope this is not true, but so it seems.

Redbus was a splendid initiative and I have experienced bus ticketing on it myself. Must congratulate the team that brought it so far... it's not an easy journey given the thick and thin of internet in India.

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Re:Redbus.in acquired for $138M by ajju on Saturday June 15, 2013 @03:09PM (#5885983)
Seeing how they were rumored to be raising money at a lower valuation than this 3 months ago[1], it's hard to see how this could be a distressed sale.

[1] http://www.business-standard.com/article/finance/redbus-in-b...

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