Zingbus Funding, Valuation & Shareholders Breakdown 2024

In the fast-paced world of tech startups, one company has been making waves and redefining the way we think about intercity bus travel. Zingbus, the vision of three ambitious entrepreneurs, has not only revolutionized the bus travel experience but also captured the attention of investors. In this article, we will take a closer look at Zingbus funding, its impressive valuation, and entities who believe in the promise of Zingbus.

Zingbus Company Profile 

In the bustling and often chaotic landscape of India’s intercity travel. A fresh and dynamic player has emerged changing the way people journey from one city to another. Zingbus, founded in 2019, has swiftly become a beacon of innovation and efficiency in the intercity bus travel sector. 

Zingbus is an Indian based startup company that focuses on transforming intercity bus travel experience in India. The company offers intercity bus services that prioritize passenger comfort, punctuality, and safety.

Key Points 

• Founded in 2019.
• As a brainchild of three visionary college friends Prashant Kumar, Mratunjay Beniwal, and Ravi Kumar Verma of IIT Kharagpur.
• Serves in B2C market space.
• Industry serves in – Travel and Hospitality Tech, Auto Tech, and Transportation and Logistics market.
• Headquartered in Gurugram, Haryana, India. 
• Has 350+ buses and travels across 300 cities daily, connecting them. 
• The company’s innovative approach to intercity bus travel and its commitment to passenger comfort and convenience quickly drew attention from travelers and investors. 
• Legal entities associated with Zingbus – Zingbus Technology Private Limited (2019) & Gozing Technologies Private Limited (2021).
• Reportedly, Zingbus will raise around $12-15 million in a new series round backed by InfoEdge.
• Its latest revenue ranges from Rs.1-100 crore as of March 2022.

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Zingbus Funding

Here are the funding stages of Zingbus, that has helped the company to maintain its position in the market.

As of December 13 ,2022, Zingbus has reportedly raised an undisclosed amount through a series A round. Zingbus has a total funding of around $6.1 million in over five funding rounds. Its latest investors are Venture Catalysts and Vinod Gupta.

Zingbus Valuation

With new funding rounds Zingbus is all set to raise around $70 million is post money valuation. The company secured substantial investments from prominent investors. That helped them to position themselves in the market and to make its valuation prominent and recognizable.

Zingbus Shareholders

Here is the group of shareholders who has invested their time and money in the vision of the company.

With a net worth of Rs.36.2 crore, founders hold the maximum number of stakes. Zingbus shareholders represent a tapestry of collaboration, innovation, and belief in a better way to travel between cities.

Their collective efforts, from founding to funding, from strategy to execution, have propelled Zingbus to the forefront of the intercity travel revolution in India.

Summing Up 

Zingbus is not just a bus service; it’s a revolution on wheels. It’s a promise to the power of vision, innovation, and collaboration. The story of Zingbus is a compelling narrative of a startup that dreamed, secured substantial funding, and garnered the trust of both investors and travelers alike.

The road ahead promises more innovation, comfort, and convenience.