Portals offering bus tickets gain ground- Internet -Infotech-The Economic Times

Portals offering bus tickets gain ground- Internet -Infotech-The Economic Times: "Portals offering bus tickets gain ground
14 Dec, 2007, 0007 hrs IST,Pramugdha Mamgain, TNN

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NEW DELHI: Tired of standing in long queues to book bus tickets? Go online. A number of online bus-ticketing portals have sprung up of late. Though the business is still at a nascent stage, it’s witnessing a 30% year-on-year growth. Some like Redbus.in, Tickevala.com, Yatra.com, Theluxurybuses.com, Abhibus.com, Indiabusticket.com and Checkouttrip.com have made bus journeys more convenient.

“Online booking offers wider choice, comfort and convenience to the customers. Instead of physically going from one tour operator to another to check availability of fare and journey details, one can now get all the information from multiple operators at one click,” said Yatra.com co-founder Dhruv Shringi.

Given the growing potential of the sector, some players in the online air ticket booking space are also planning to join the bandwagon. “The online bus-ticketing business is likely to witness robust growth in the coming years. We are aggressively planning to foray into this sector and are looking for tie-ups with some of the budding online bus-ticketing portals,” said M"

PayMate plans to partner with IRCTC for railway tickets booking | Alootechie

PayMate plans to partner with IRCTC for railway tickets booking | Alootechie: "PayMate plans to partner with IRCTC for railway tickets booking
19 June, 2008
by Asfaq Tapia

Mobile payment company PayMate India, which recently raised $9 million in a second round of funding which took the total funding received by the company till date to $14 million, is planning to partner with IRCTC (which runs Indian Railways’ online passenger reservation site IRCTC.co.in) for railway tickets booking. “We also plan to increase our visibility in Sri Lanka and Nepal and are looking to enter the Middle-East,” Ajay Adiseshann, CEO of PayMate, told AlooTechie in an interview.

PayMate has been very active in the last year, tying up with banks and other services. What are your plans for the future?

We at PayMate plan to continue to build the ecosystem. We currently partner with ten banks and will look to focus on building the retail space by expanding our 9000+ merchants database. We plan to introduce mobile recharge options soon. This year, we plan to increase our visibility in Sri Lanka and Nepal and are looking to enter the Middle East. We are also going to partner with IRCTC for railway tickets soon.

When you first rolled out the service, Citibank was one of your bank partners, why have they now backed out?

Yes, we did p"

Alootechie

Proto.in unveils Startup Lunch Initiative to enable startups find talented people

23 March, 2008

Proto.in, which seeks to provide entrepreneurs a platform to showcase their working prototype for the world to see, is planning to organise Startup Lunch in cities like Bangalore, Chennai, Delhi, Mumbai, Pune and Hyderabad where startups and talented people could meet over lunch and explore whether they would like to work with each other.

“As part of Proto.in and as part of interacting with startups, We've been noticing something interesting. A Startup is probably the best place to be at for a fresher or for a professional who is looking for a career boost or to experience rapid growth. But the issue is that most freshers are not aware as to where to find these startups, neither are these startups able to be part of campus recruitment processes because of their small size,” the Startup Lunch wiki site reads. “This is a small effort towards that direction in making it happen with the most simplistic tools in place.”Alootechie

Infiniti Software launches distressed inventory travel site AtYourPrice.in : Alootechie

Infiniti Software launches distressed inventory travel site AtYourPrice.in : Alootechie

VC investments rise to six-year high - Yahoo! News

VC investments rise to six-year high - Yahoo! News

SAN FRANCISCO - Venture capital investments in U.S. startups climbed to a six-year high of $29.4 billion in 2007, raising hope that ample money will still be available to back promising new ideas even if the staggering economy falls into a recession.

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The amount of venture capital spread across 3,813 deals represents the industry's busiest year since $40.6 billion went into nearly 4,500 U.S. startups in 2001, according to data scheduled for release Saturday by Thomson Financial, PricewaterhouseCoopers and the National Venture Capital Association.

The $29.4 billion invested last year marked an 11 percent increase from $26.6 billion in 2006.

In 2001, venture capitalists were actually curtailing their investments after the dot-com economy pushed the U.S. economy into its last recession.

Although many experts believe another recession is imminent, venture capitalists say there is little reason to believe their investment pace will slacken this year.

In a show of confidence, venture capitalists raised $34.7 billion for future investments during 2007, a 9 percent increase from the previous year.

The industry's optimism stems from a belief that many of today's hottest concepts either a