Ixigo-Backed Bus Startup Raises $10.5 Million – India Report
Photo Credit: The intercity bus industry accounts for 51% of the inland travel by public transport in India. Fresh Bus
Skift Take
Buses are key to last mile travel in India, connecting people from smaller Indian towns to international and domestic destinations. The funding reflects a positive outlook of investors towards the bus industry as more online players enter the segment.
Electric digital intercity bus startup Fresh Bus has raised INR 875 million ($10.5 million) in its Series A funding round. FreshBus, which offers ticketing, real-time tracking of buses, loyalty program, among other services, was founded by Sudhakar Reddy Chirra. Chirra had built bus aggregator Abhibus which was acquired by Ixigo in August 2021 in a cash and stock deal.
Fresh Bus secured an investment of INR 160 million ($1.9 million) from Indian OTA Ixigo in its first seed funding round last year.
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