M&A Critique
Ashish Kashyap Founder of Ibibo Group

Ashish Kashyap on “start from the ground”

Leadership & Quotes: Ashish Kashyap

“Wherever there is a big problem there is an opportunity” “build+invest+acquire”

Ashish Kashyap, founder and chief executive officer of ibibo Group is a quintessential start-up entrepreneur in the Indian internet space. Within a span of few years, he established the brand in the area of e-ticketing across platforms and owns establishments such as Goibibo.com, redBus.in and travel boutique and has become a role-model for young entrepreneurs in the digital space.

Apart from building the online travel business both organically and inorganically, Kashyap has launched ibibo’s payments unit and serves on the management board of PayU global. The 41-year old entrepreneur also spearheaded the acquisition of Djubo, immense valued Bus.in, YourBus, Gaadi Web, PayU India, and these buyouts immense value for all stakeholders. Besides these, he did various M&A transactions and investments in Tek Travels, travelboutiqueOnline, and other internet and mobile space.

The Gurgaon-based group clocks transactions worth INR 1,000 crore per month, according to a PTI report quoting Kashyap. In FY16, the group is looking at triple digit growth in terms of the value of transactions and the biggest driver of the growth will be online hotel bookings. In fact, he elaborated to PTI by saying that the group is open to both “organic and inorganic” options for its future expansion.

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M & A Critique