The name of his wife is also unknown. The ‘who’s-who’ went down the drains with this crash. He stated this in an interview by YourStory. Currently, he is the Chief Innovation Officer (CIO) of Govt. In April 2014 it was reported that redBus launched hotel booking powered by ibiboGroup’s back end infrastructure on its website followed by redbus teaming up with Uber (an on-demand cab transportation application) to offer free rides to bus stops in August 2014. But it didn’t stop them from betterment, as a matter of fact, redBus in partnership with YourBus and Asset Tracker launched real-tracking on their portal. They are a representation of OUR BEING & OUR DOING. After that, he started studying in Indian Institute of Science and became proficient at computer networks. But what was more shocking was that that year they also managed to make 3.5 Million Ticket Bookings. Yo! One day he missed a bus, and that’s how the idea of Redbus came into his mind. These core values can be seen in the projects that we undertake, and the way in which we solve problems for our customers. He found a solution to this problem and Redbus born as a result which now bridges the gap between the bus and the travelers. Phanindra Sama wiki says that the education of Phanindra Sama happened from BITS, Pilani where he was pursuing electronics engineering. Contact Us Privacy Policy Phanindra Sama personal details mention that Phanindra Sama married in the arranged marriage set up. She is also known as the... Comedians have a unique and special talent to lighten mood and enrapture the ambience. Phanindra Sama net worth is $12 million approximately at present. The Lehman Brothers had collapsed and there was a global financial crisis. Often times these ideas spark up when someone somewhere feels the prick of a demand supply disconnect. But his marriage was an arranged marriage, and he is now spending more time with his family after selling RedBus to ibibo Group. Phanindra Sama personal life has so far been never discussed but in the next section we will try to give all the details. He is also an angel investor now, and he invests in small startups that he believes in. Rhea Chakraborty is a Bollywood actress and a video jockey (VJ) on MTV India. Now he is active as Chief Innovation Officer and working for the Government of Telangana. Post the acquisition, Phanindra Sama has stepped down. The company had grown 6x from the time of the initial round of investment but at the same time due to global crisis the valuation of the company went down. The Redbus founder Phanindra Sama biography is about that. “If you sell 5 seats in one week, its fine; if you don’t, don’t bother me again!” – were his words. The Redbus acquired by Naspers is true news and the deal happened for $101 million by the South African media company. But his marriage was an arranged marriage, and he is now spending more time with his family after selling RedBus to ibibo Group. We use cookies to ensure that we give you the best experience on our website. Phanindra Sama relationships mainly remained confined to his stakeholders and he had no girlfriend. Phanindra Sama has made lots of performances. As a whole, they helped them get a generalized idea of the industry. He became successful in creating India’s largest bus ticket booking platform. From here onward their business took-off! About Us | Their reach had crossed all boundaries and was making its way to unmatchable success but the news they announced next shook everyone to the core. That was the time they suddenly became very famous and VC’s started contacting them. And finally, he was also able to exit from his own company by selling the majority stake to the ibibo group. Phanindra Sama clearly told that he sold his company for many reasons and one of them was to find more time for his daughter and Redbus CEO Phanindra Sama wife. They also acquired a tie-up with Karnataka State Road Transport Corporation (KSRTC) to sell both state owned and private bus operators in Karnataka. It now had 75,000 partner outlets and offers ticket booking services from the mobile via SMS and phone. Sarma also took action to make RedBus a successful company. We are going to dig deep into the reason behind Phanindra Sama success story, why did he decide to walk down the path of entrepreneurship which is often tagged to be risky? And as per reports from Business standard in March 2013, they were on their final stages to raise USD 20 Million worth funds at an aggressive valuation of as much as 11 times their net revenue of close to INR 55 crore, thus valuing the company at USD 110 Million. And as per reports from Business standard in March 2013, they were on their final stages to raise USD 20 Million worth funds at an aggressive valuation of as much as 11 times their net revenue of close to INR 55 crore, thus valuing the company at USD 110 Million. The platform is also a part of India’s leading online travel company MakeMyTrip Limited. Facebook: phanindra.sama (personal). She stays at home taking care of the children. Soon he started executing his plans and founded India’s most popular and most extensive online bus ticket booking platform RedBus and worked in his own company as the Chief Executing Officer (CEO). Phanindra Sama photos show a very scrawny fellow with a very naïve smile. According to an article on Business Standard, his net worth is around $110 million, which is approximately Rs 590-650 Crore in … Then he studied at Stanford University on Economics, Social Psychology. Phanindra Sama has started his own company at a very early age, which others can only dream of. He also became good at photography as he was part of a photography club in college and became the Head of DOPy in 4th year. Phanindra Sama wedding date was decided by his parents and Phanindra Sama wife name has not been divulged to the public. He started doing a job at ST Microelectronics as a Design Engineer, and two years later, he moved to another company called Texas Instruments and worked there as a Senior Design Engineer. YoChef puts the spotlight on emerging businesses and reputed personalities to help young entrepreneurs learn from their experiences. If you continue to use this site we will assume that you are happy with it. Ltd, Founding Team members of Pangram Marketing and Solutions, Indiabulls – A success story of an unsung hero.