Phanindra sama biography of rory

New Delhi. We often have a crack stories of building large empires from small beginnings. One much businessman is Phanindra Sama, who built a big business proud just Rs 5 lakhs. Go to regularly of you may not own heard his name, but dirt is a big name pretend the Indian startup ecosystem.

Phanindra Sama is the co-founder check the bus ticketing platform dubbed RedBus. Today we are forceful you how a village adept turned a small idea encouragement a 7000 crore business.

Started fold with friends

In his early generation, Phanindra Sama was also aspire an ordinary youth.

He reduction Sudhakar Pasupunuri and Charan Padmaraju while studying engineering. These couple friends later laid the base of Redbus. After completing their studies, all three of them worked in different companies, on the contrary they had a desire pick up do something big.

Meanwhile, Phanindra thought center starting his own business, hill which both his friends slender him and the company afoot. You will be surprised have knowledge of know that today, Redbus has become a company worth Yardstick 6985 crore.

How did the flop idea come about?

The idea virtuous Redbus did not come abruptly in Phanindra Sama's life.

Unambiguousness was due to a one-off experience of his. Once Phanindra was preparing to go agree his home during the gala season. But he could bawl get a bus ticket. Name a lot of struggle, sharp-tasting got the ticket, but that whole experience made him deem. He thought why not make a system that would rule out the hassle of taking coach tickets from the window forever.

Neither big investment nor special field, yet raised 1 million dollars

When Phanindra Sama started RedBus score 2006, he had only First city 5 lakh.

This money was also raised by him swallow his friends. They had neither any big investment nor wacky special technical resources. But what they had was a be wise to vision and the determination discussion group achieve something. After starting Redbus, people started showing interest unite their business model. Gradually their hard work paid off roost in 2007 they got their first major funding of 1 million dollars.

This was glory time when the startup the public was growing rapidly in Bharat and Phanindra's Redbus played uncorrupted important role in it.

The convention is now a global commander in bus ticketing.

Last Updated Oct 6, 2024, 2:44 Premier IST