Ibibo

Ibibo

Gurgaon, Haryana, India

A Web site that depends mostly on user-generated content to attract eyeballs, Ibibo.com has made a bit of a splash with its catchy radio ads and cross-promotions with major Bollywood films. It's a bit like American Idol meets YouTube, but Ibibo's management team has focused on the business fundamentals. With 3.3 million registered users, overwhelmingly young and mostly male, ad money is coming in, and so is the VC funding. Its parent company, South Africa-based Naspers (NPNJ.BE), estimates Ibibo's startup costs at more than $10 million. So, Ibibo has sold a stake (for an undisclosed amount) to China's Tencent Holdings, which runs QQ, a popular instant messaging service in mainland China.

YouNoodle on Ibibo