The redBus.in saga : managing the start-up acquisition phase / Amarpreet Singh Ghura, Abhishek.

Format:

Book

Author/Creator:

Ghura, Amarpreet Singh, author.

Abhishek, author.

Series:

SAGE Knowledge. Cases.

SAGE Knowledge. Cases

Language:

English

Subjects (All):

Consolidation and merger of corporations.

New business enterprises--Management.

New business enterprises.

redBus.

Ibibo Group.

Naspers.

Sama, Phanindra.

Goel, Alok.

Gidugu, Satish.

Physical Description:

1 online resource.

Place of Publication:

London : Indian Institute of Management, Ahmedabad, 2016.

System Details:

text file

Summary:

In June 2013 the bus ticketing website redbus.in was acquired by the Ibibo Group, a subsidiary of South Africa based internet and media firm Naspers Ltd, for USD 135 million. Soon after signing the deal, Phanindra Sama - CEO and co-founder of redBus, went for a holiday to London along with his parents. Sama remained incommunicado during the 10 day trip by not acquiring a local number and not accessing his emails. During Sama's absence, senior management team of Alok Goel - COO and Satish Gidugu - CTO at redBus along with three mid-level managers submitted their resignation. Apart from employees of redBus, the Ibibo takeover team was also 'foxed' as desperate calls and emails to Sama elicited no response. This case examines the chaos created due to Sama's absence and helps in understanding the issues when a technology startup is acquired.

Notes:

Originally published in Singh Ghura, A., & Abhishek (2016). The redBus.in saga: Managing the start-up acquisition phase. BP0398 Indian Institute of Management, Ahmedabad.

Includes bibliographical references and index.

No ILL or scholarly sharing allowed.

Description based on XML content.

ISBN:

9781526438782

OCLC:

1023530811

Access Restriction:

Restricted for use by site license.