Total amount raised
$15 Million
Latest funding date
12/1/2024
Location
Zingbus has successfully raised multiple funding rounds, with the latest being a Series A round led by BP Ventures. The company has attracted a total of 29 investors, including notable names like Soonicorn Ventures.
Keep reading to explore the intricacies of Zingbus's fundraising journey and the investors backing this emerging platform in the intercity bus services sector.
What Is Zingbus?
Zingbus is a prominent player in the bus transportation and travel services industry. Founded in Gurgaon, Haryana, India, the company operates a vast network covering over 500 cities in 18+ states across North, West, and South India.
With a team of 11-50 employees, Zingbus offers a fleet of more than 350 buses and has served over three million travelers. The company is known for its reliability, efficiency, and customer-centric services, including special offers, travel insurance, zero cancellation charges, and carbon-neutral rides.
How Much Funding Has Zingbus Raised?
- Series A
- Amount Raised: $9,000,000
- Date: December 2024
- Lead Investors: BP Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growth and expansion of Zingbus in the intercity bus services market.
- Series A
- Date: December 2022
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational capabilities and expand market reach.
- Seed
- Amount Raised: $6,000,000
- Date: July 2021
- Lead Investors: Info Edge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop technology for improving traveler experience and expand services to new geographies.
- Seed
- Date: March 2021
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build tools for audits, boarding, and demand management.
- Seed
- Date: February 2021
- Lead Investors: Better Capital, Titan Capital, Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational efficiency and meet higher expectations of hygiene and safety.
- Seed
- Date: February 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and market entry.
Total Amount Raised: $15,000,000
Current Valuation: Not publicly disclosed
Key Investors
- BP Ventures
- Details: BP Ventures is the corporate venture capital arm of BP, focusing on investments in technology and innovation.
- Investment Focus Areas: Energy, Technology, Sustainability
- Notable Investments: Beyond Limits, Voltaware, Calysta
- Venture Catalysts
- Details: Venture Catalysts is an integrated incubator that offers funding, mentorship, and network to startups.
- Investment Focus Areas: Fintech, Healthtech, Consumer services
- Notable Investments: Beardo, Fynd, Supr Daily
- Info Edge Ventures
- Details: Info Edge Ventures is a venture capital firm that invests in early-stage technology companies.
- Investment Focus Areas: Internet, Technology, Consumer services
- Notable Investments: PolicyBazaar, Zomato, Happily Unmarried
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups.
- Investment Focus Areas: Technology, Software, Consumer services
- Notable Investments: Airbnb, Dropbox, Stripe
- Better Capital
- Details: Better Capital is a micro-VC firm that invests in pre-seed and seed-stage startups.
- Investment Focus Areas: SaaS, Fintech, Edtech
- Notable Investments: Khatabook, Teachmint, Open
What's Next for Zingbus?
As Zingbus looks to the future, the company is poised to capitalize on significant opportunities in the intercity bus market. With plans to expand its fleet to over 250 buses and connect more than 100 cities, Zingbus aims to enhance traveler experience through advanced technology and value-added services. The ongoing hiring spree across engineering, product, business, and operations profiles underscores the company's commitment to growth and innovation.
Given the current industry trends, Zingbus is well-positioned for future fundraising opportunities. The heightened focus on hygiene and safety post-pandemic, coupled with the shift towards organized and branded travel experiences, creates a favorable environment for attracting additional investment. The company's robust unit economics and strong investor backing suggest that further funding rounds are likely as Zingbus scales its operations.
However, Zingbus will face challenges as it navigates a highly fragmented and unorganized market. Meeting the increased expectations for hygiene and safety, managing operational complexities, and competing with established players like Flixbus will require strategic planning and execution. Despite these hurdles, Zingbus's growth trajectory and market potential make it a compelling player in the intercity mobility sector.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Zingbus and gather other critical business insights. Sign up for free to start unlocking valuable information today.
