RedBus launches services in Singapore and Malaysia
With this launch, redBus will now be available for travelers to book inter-city bus tickets between Singapore and Malaysia and between cities within Malaysia. ibibo Group CEO Ashish Kashyap said: "Ever since the acquisition in 2013, we have worked hard to build out the new global platform, mobile apps and a solid management and technology team.
This has resulted in the growth of redBus.in accelerating to 80 percent year on year and its market share further growing to 75 percent. "We also saw mobile drawing a 40 percent share in transactions and all of this culminating to the launch of redBus in Singapore and Malaysia."
On a daily basis, more than 1,00,000 seats will be available for sale, the company said. Explaining the rationale behind the internationalization, redBus CEO Prakash Sangam said: "The bus market in many countries is similar to that in India, characterized by a fragmented bus operator base and largely unorganized or semi-organised."