Ibibo buys majority stake in Peru-based Busportal
Online travel company Ibibo Group today acquired a majority stake in Peru-based bus ticketing platform Busportal for an undisclosed amount. The investment in Busportal will give Ibibo Group’s bus ticketing platform redBus an entry into Latin American markets including Peru, Colombia and Chile. In June 2013, Ibibo acquired a controlling stake in redBus, valuing it at around $140 million.