Intercity Bus Platform ApniBus Raises Pre-Seed Funding
ApniBus, a Gurgaon-based intercity bus platform, has raised an undisclosed amount of funding in a pre-seed round led by early-stage venture capital firm Antler India.
GoodWater Capital and angels, including Niraj Singh (founder and CEO at Spinny) and Asish Mohapatra (founder and CEO at OfBusiness), also participated in the funding round.
As per the startup, the freshly raised funds will be used to ramp up its operations across India.
ApniBus | Online Intercity Bus Ticket Booking App
Founded by Sumit Gupta and Ravi Yadav in 2021, ApniBus is an online intercity bus ticket booking and live bus tracking app. ApniBus offers a full stack solution for commuters to find, track and book their intercity bus via a mobile app.
Speaking about the development, Sumit Gupta, Co-founder of ApniBus, said,
“ApniBus is going to significantly improve this experience with tech intervention. We are digitizing the bus journey and have built solutions to manage their real-time schedules with real-time inventory so that commuters don’t have to wait at bus stops for hours or travel on long journeys with no seat. We are already seeing great traction in the cities we are live in and have ambitious plans for ramping up operations across the country.”
ApniBus is building tech to simplify access to unorganised intercity bus travel for the next 400Mn users. The intercity bus platform claims to be live in over 15 cities on more than 350 routes connecting over 1,000 destinations.
Commenting on the development, Nitin Sharma, Partner at Antler India, said,
“The Bharat customer has embraced digital experiences for everything from UPI payments to Amazon e-commerce, but the essential needs around intercity travel remains unsolved for three crore travellers every single day, with over 95% of buses not digitized. Intercity bus travel for the tier-3 and 4 markets has been underserved by existing players and we are thrilled to support ApniBus in its journey of transforming this space.”
Follow us and connect with us on Instagram, Facebook, Twitter, and LinkedIn.
Note: If you are a budding entrepreneur and require assistance in startup compliance services, new company registration or other startup related legal services, contact us.