3 ms·
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 dist
by monsterix 13y ago
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.
- ajju 13y agoSeeing 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-being-valued-at-110-mn-113032700140_1.html http://www.business-standard.com/article/finance/redbus-in-b...