Naspers may buy India's RedBus booking service for $140 million
Skift Take
If done, this will be among the largest consumer Internet acquisitions in India's nascent digital sector, and show that building utility services that are layers on top of unorganized sectors matter more in countries like India, than flashy apps.
Naspers, the South African media and internet conglomerate which has a global portfolio of digital acquisitions, is now close to another one: it is buying India's biggest bus booking service RedBus.in, for a reported price of between $100 million to $140 million, according to two reports in Economic Times and NextBigWhat.
