When Phanindra Sama tried booking a bus ticket from Bangalore to Hyderabad, he could not find the ticket. In August 2006, he started Redbus, making bus booking online with pre-seat selection and real-time price chart. Today, Redbus sells 6 CR bus tickets yearly and operates 50,000 buses daily. On 21 June 2013, Ibibo acquired Redbus for 800 CR.