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 brainchild 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’s vision is to redefine the intercity bus travel experience by offering a high-quality and reliable bus service that caters to the needs of modern travelers. Their innovative approach and commitment to excellence have positioned them as a leading player in the intercity travel sector in India.
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.
- 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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This dynamic venture, founded with a vision to redefine intercity bus travel in India. Has not only transformed the passenger experience but has also captured the attention of astute investors.
|YEAR||SERIES ROUND||MONEY GROWTH||INVESTORS|
|February 28, 2020||Seed round||(Undisclosed)||(Undisclosed)|
|February 9, 2021||Seed round||(Undisclosed)||Better Capital, Titan Capital, |
|March 10, 2021||Seed round||$125k||Y Combinator|
|July 27, 2021||Seed round||$46m||InfoEdge Venture|
|December 13, 2022||Series A||(Undisclosed)||Venture Catalysts|
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.
Beyond the comforts of its plush seats and the punctuality of its schedules lies a remarkable tale of 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.
Factors that Contributed to Zingbus Valuation
Disruption of Traditional Bus Travel – Zingbus aimed to revolutionize intercity bus travel in India. By addressing common pain points such as comfort, reliability, and convenience. Its innovative approach and commitment to improving the passenger experience have attracted investor interest.
Market Demand – There is a significant demand for efficient and comfortable intercity travel options in India. Zingbus positioned itself to tap into this market, which may have contributed to its valuation.
Online Booking Convenience – The Zingbus app enables passengers to book tickets conveniently from their smartphones, eliminating the need for physical ticketing counters. The app also sends passengers updates about their journey. Including delays or schedule changes, ensuring they are well informed throughout the trip.
Technology Integration – Zingbus’s use of technology to enhance the travel experience, such as online booking, real-time tracking, and digital amenities, could have set it apart and attracted heavy-savvy investors.
Behind every successful startup, there is a cast of individuals and entities who share in its vision, invest in its potential, and contribute to its journey towards greatness. The founders, capital firms and even the employees shape the destiny of Zingbus.
|SHAREHOLDERS NAME||PERCENTAGE OF SHARES OWNED|
|ESOP (Employee Stock Ownership Plan)||15.70%|
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.
Zingbus is not just a bus service; it’s a revolution on wheels. It’s a testament to the power of vision, innovation, and collaboration. The story of Zingbus is a compelling narrative of a startup that dared to dream, secured substantial funding, and garnered the trust of both investors and travelers alike.
The road ahead promises more innovation, more comfort, and more convenience. And the relentless pursuit of excellence by the Zingbus team and the unwavering support of its visionary stakeholders.