India’s RedBus Said to be on the Verge of Getting Acquired For $138 Million

There have been hot rumors going around recently that India’s bus booking platform RedBus is either on the verge of getting acquired by South Africa-based Naspers Group, or that it’s been acquired already. Whatever the case may be, we might be looking at one of the biggest exit stories in the Indian tech ecosystem.

RedBus has been touted as one of the most innovative young web companies in the world. It has been able to bring together the very fragmented Indian bus companies into the online world and now covers booking tickets for over 10,000 bus routes in India. If the deal is indeed done – for a reported $138 million – then this acquisition may help complement one of Naspers’ portfolio companies, Ibibo Group, in which China’s Tencent has a stake as well.

As yet, there’s no official confirmation made by either of the two companies.

(Sources: NextBigWhat and The Economic Times)