ImportMaster at 01:53, 23 March 2022

2022-03-23T01:53:05Z

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{{Short description|Online travel organisation, subsidiary of MakeMyTrip Limited}}
{{Use Indian English|date=June 2020}}
{{Use dmy dates|date=June 2020}}

{{Infobox company
| name = Ibibo Group
| logo = Goibibo_logo.png
| type = Private
| founder = Ashish Kashyap
| industry = Online Travel
| products = Flight, hotel, holiday, bus and train bookings
| key_people = {{Unbulleted list|Parikshit Choudhry ([[Chief business officer|CBO]])|Sunil Suresh ([[Chief marketing officer|CMO]])|Vikalp Sahni ([[Chief technology officer|CTO]])|Yuvaraj Srivastava ([[Chief human resources officer|CHRO]])|Pankaj Jain ([[Chief finance officer|CFO]])}}
| foundation = {{Start date|2007}}
| location_city = [[Gurugram, Haryana]]
| location_country = India
| homepage =
}}

'''Ibibo Group''' is an online Indian travel organisation founded in January 2007 by Ashish Kashyap. The company is a subsidiary of [[MakeMyTrip|MakeMyTrip (MMT) Limited]], which owns a 100% stake in Ibibo Group.

Group owns the [[B2C]] online travel aggregator Goibibo, and online bus ticketing platform [[RedBus.in]].

On 31 January 2017, MakeMyTrip (MMT) made a strategic combination with the ibibo Group by way of an acquisition of 100% equity interest in the ibibo Group from MIH Internet, an indirect subsidiary of Naspers, pursuant to a Transaction Agreement dated 18 October 2016.

== History ==
Ibibo started as a [[social networking service]] in 2007,<ref>{{cite web|url=http://businesswireindia.com/news/news-details/ibibocom-launched-new-ad-commercial/14739|title=Ibibo.com Launched New Ad Commercial|publisher=Business Wire India|date=8 January 2008|access-date=24 June 2014|archive-url=https://web.archive.org/web/20140714120301/http://businesswireindia.com/news/news-details/ibibocom-launched-new-ad-commercial/14739|archive-date=14 July 2014|url-status=live}}</ref> and later changed to become an e-commerce and travel organisation. In 2009 Goibibo.com was launched.{{cn|date=October 2021}}

== Acquisition and investments ==

=== Bixee ===

Bixee is a former [[job search engine]] for India, and an example of both [[vertical search]] and [[metasearch]] (not to be confused with Bixby, Samsung's voice assistant). It was launched in late 2005. The company also launched Pixrat, which is a social photo bookmarking service. Bixee was acquired by ibibo, the Indian arm of the [[Mass media in South Africa|South African media]] giant [[Naspers]], in [[December]] 2006.<ref>{{cite web|url=https://gigaom.com/2006/12/05/mih-india-acquires-bixeecom-and-pixrat-founders-to-join-mih/|title=MIH India Acquires Bixee.com And Pixrat; Founders To Join MIH|date=5 December 2006|access-date=30 October 2018|archive-url=https://web.archive.org/web/20181030170647/https://gigaom.com/2006/12/05/mih-india-acquires-bixeecom-and-pixrat-founders-to-join-mih/|archive-date=30 October 2018|url-status=live}}</ref>

=== Goibibo ===
Goibibo was launched in 2009 and is part of ibibo Group. It was co-founded by [[Sanjay Bhasin]] and [[Vikalp Sahni]].<ref>{{Cite web|url=https://www.goibibo.com/management/|title=Management Team - Goibibo|website=www.goibibo.com|access-date=2018-01-12|archive-url=https://web.archive.org/web/20180107061032/https://www.goibibo.com/management/|archive-date=7 January 2018|url-status=live}}</ref> Goibibo is India's largest hotels aggregation and also one of the leading air aggregator.

=== PayU India ===
In 2011, Ibibo rolled out its [[payment gateway]] innovation called PayU in the Indian market, to permit websites to integrate e-commerce transactions through online payments.<ref>{{cite web|url=http://www.iamwire.com/2011/10/nasper-launched-payu-payment-gateway-for-indian-market|title=Naspers Launches Payment Gateway PayU In India|publisher=MediaNama|date=7 October 2011|access-date=26 June 2014|archive-url=https://web.archive.org/web/20141021164240/http://www.iamwire.com/2011/10/nasper-launched-payu-payment-gateway-for-indian-market|archive-date=21 October 2014|url-status=live}}</ref>
With PayU, a business can process payment by using [[credit card]]s and [[debit card]]s (for more than 50 banks), and [[online banking]] for banks including [[ICICI Bank|ICICI]], [[HDFC Bank|HDFC]], [[State Bank of India|SBI]], and [[Axis Bank]]. PayU provides an [[API]] for integration and transaction analytics to improve the speed and security of payment processing. PayU India launched of a first-of-its kind premium deferral payment facility for [[Consumer|consumers]] 'LazyPay' aimed at those who transact digitally for any amount between ₹500 and ₹2,500 and is an option to pay later.<ref>{{cite web|url= http://www.iamwire.com/2011/10/nasper-launched-payu-payment-gateway-for-indian-market/|title= PayU – Payment Gateway for Indian market|publisher= iamWire|date= 7 October 2011|access-date= 26 June 2014|archive-url= https://web.archive.org/web/20141021164240/http://www.iamwire.com/2011/10/nasper-launched-payu-payment-gateway-for-indian-market|archive-date= 21 October 2014|url-status= live}}</ref>

=== redbus.in ===
[[RedBus|Redbus.in]] became a part of ibibo group via a 100% acquisition in June 2013.<ref>{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/redbus-sold-to-Ibibo-in-one-of-the-biggest-overseas-internet-deals/articleshow/20704509.cms|title=redBus sold to Ibibo in one of the biggest overseas internet deals|newspaper=The Times Of India|date=21 June 2013|access-date=10 September 2015|archive-url=https://web.archive.org/web/20150705164304/http://timesofindia.indiatimes.com/business/india-business/redBus-sold-to-Ibibo-in-one-of-the-biggest-overseas-internet-deals/articleshow/20704509.cms|archive-date=5 July 2015|url-status=live}}</ref><ref>{{cite news|url=http://www.telegraphindia.com/pressrelease/prnw/enin201306215956_indiapublic.html|title=ibiboGroup Acquires redbus.in|work=Telegraph India|date=21 June 2013|access-date=24 June 2014|archive-url=https://web.archive.org/web/20150217150447/http://www.telegraphindia.com/pressrelease/prnw/enin201306215956_indiapublic.html|archive-date=17 February 2015|url-status=live}}</ref> redBus is India's most popular online bus ticketing platform, both on mobile and on [[Desktop computer|desktop]]. The business also owns BOGDS, a [[cloud computing]] service for bus operators, and SeatSeller, a GDS for bus inventory distribution.

redBus has recently{{when|date=November 2020}} started its carpooling and bike pooling platform called rPool in [[Delhi]].

=== YourBus ===
In March 2014 ibibo Group acquired [[Bangalore]]-based bus tracking startup YourBus.<ref>{{cite news|url=http://timesofindia.indiatimes.com/tech/tech-news/ibibo-buys-Bangalore-based-bus-tracking-startup-YourBus/articleshow/32389985.cms|title=ibibo buys Bangalore-based bus tracking startup YourBus|newspaper=The Times of India|date=21 March 2014|access-date=3 July 2014|archive-url=https://web.archive.org/web/20141011131333/http://timesofindia.indiatimes.com/tech/tech-news/ibibo-buys-Bangalore-based-bus-tracking-startup-YourBus/articleshow/32389985.cms|archive-date=11 October 2014|url-status=live}}</ref> YourBus, founded by [[Birla Institute of Technology and Science, Pilani|BITS-Pilani]] graduates Rajesh Mallipeddi and Satya Padmanabham in 2011,<ref>{{cite web|url=http://www.livemint.com/Companies/fKwhfBQeiEVQQqBveRrFFM/YourBuss-integration-with-RedBus-prompted-acquisition-Ibib.html|title=YourBus integration with RedBus prompted acquisition|publisher=LiveMint|date=21 March 2014|access-date=3 July 2014|archive-url=https://web.archive.org/web/20140626123709/http://www.livemint.com/Companies/fKwhfBQeiEVQQqBveRrFFM/YourBuss-integration-with-RedBus-prompted-acquisition-Ibib.html|archive-date=26 June 2014|url-status=live}}</ref> is a GPS-based bus tracking and [[analytics]] platform. The YourBus application on a smartphone shows users the location of a bus in real time on a map. It also tells the users about the [[Time of arrival|arrival time]] at their pick-up point along with [[SMS]] updates.<ref>{{cite web|url=https://techcrunch.com/2014/03/19/ibibo-aquires-online-bus-tracking-and-analytics-startup-yourbus-in-india/|title=Naspers-Backed ibiboGroup Acquires Online Bus Tracking And Analytics Startup YourBus In India|publisher=TechCrunch|date=19 March 2014|access-date=25 June 2017|archive-url=https://web.archive.org/web/20171026002814/https://techcrunch.com/2014/03/19/ibibo-aquires-online-bus-tracking-and-analytics-startup-yourbus-in-india/|archive-date=26 October 2017|url-status=live}}</ref>

=== Djubo ===
In August 2015 ibibo Group bought a minority stake in cloud-based hotel services startup Djubo for an undisclosed amount.<ref>{{cite news|url=http://articles.economictimes.indiatimes.com/2015-08-28/news/65969478_1_minority-stake-ibibo-group-travel-company|title=Ibibo Group buys minority stake in cloud-based hotel services Djubo|newspaper=The Economic Times|date=28 August 2015|access-date=14 September 2015|archive-url=https://web.archive.org/web/20150906145426/http://articles.economictimes.indiatimes.com/2015-08-28/news/65969478_1_minority-stake-ibibo-group-travel-company|archive-date=6 September 2015|url-status=live}}</ref> Djubo, founded in February 2015 by Tarun Gulati and Sankalp Goel, manages hotel bookings for over 100 hotels through a single interface.

=== redbus.pe and redbus.co ===
In July 2016 Redbus acquired [[Peru]]-based bus tracking startup Busportal. In 2017 they founded a chapter of Redbus in [[Colombia]].

The company received ₹10.7 Crores infusion of funding from its [[Singapore]]-based parent company Ibibo Group Holdings. Prior to this, in November 2019, It had also received ₹71.73 Crores.<ref>{{cite news |title=ibibo Gets Fresh Infusion From Singapore-Based Parent Amid CCI Probe |url=https://inc42.com/buzz/ibibo-gets-fresh-infusion-from-singapore-based-parent-amid-cci-probe/ |work=Inc42 Media |date=29 February 2020}}</ref>

==MakeMyTrip & Goibibo Group Merger==
In October 2016, India based online travel company [[MakeMyTrip]], a Nasdaq listed firm and ibibo Group,<ref name="test">{{Cite web |url=http://www.ibibo.com/ |title=Ibibo |access-date=8 April 2010 |archive-url=https://web.archive.org/web/20111109025748/http://www.ibibo.com/ |archive-date=9 November 2011 |url-status=live }}</ref> India's largest travel group agreed to merge in a stock transaction, to form the country's biggest online travel company<ref>{{cite web|title=Online travel portals MakeMyTrip and ibibo announce merger|url=http://economictimes.indiatimes.com/small-biz/startups/online-travel-portals-makemytrip-and-ibibo-announce-merger/articleshow/54921415.cms|work=The Economic Times|date=20 October 2016|access-date=7 December 2016|archive-url=https://web.archive.org/web/20161209013440/http://economictimes.indiatimes.com/small-biz/startups/online-travel-portals-makemytrip-and-ibibo-announce-merger/articleshow/54921415.cms|archive-date=9 December 2016|url-status=live}}</ref><ref>{{cite web|title=MakeMyTrip, ibibo to merge, to become a dominant player|url=http://timesofindia.indiatimes.com/business/india-business/MakeMyTrip-ibibo-to-merge-to-become-a-dominant-player/articleshow/54925722.cms|newspaper=The Times of India|date=19 October 2016|access-date=7 December 2016|archive-url=https://web.archive.org/web/20161130012614/http://timesofindia.indiatimes.com/business/india-business/MakeMyTrip-ibibo-to-merge-to-become-a-dominant-player/articleshow/54925722.cms|archive-date=30 November 2016|url-status=live}}</ref> Both these online platforms have [[Artificial intelligence|Artificial Intelligence]] AI-powered chatbots named Myra and Gia respectively.<ref>{{cite web|url=https://www.thehindubusinessline.com/info-tech/makemytrip-deploys-ai-to-make-bookings-easier/article29697353.ece|title=MakeMyTrip deploys AI to make bookings easier}}</ref>

== References ==
{{Reflist|30em}}

[[Category:Internet properties established in 2007]]
[[Category:Defunct social networking services]]
[[Category:Online companies of India]]
[[Category:Indian travel websites]]

Ibibo - Revision history

ImportMaster at 01:53, 23 March 2022