Zingbus Raises Rs 44.6 Cr In Funding Round Led By Infoedge Ventures

• ByAyushi Ray     |    July 27, 2021

Intercity transport startup Zingbus raises Rs 44.6 cr n funding round led by Infoedge ventures. This round of funding also saw companies such as – Funders Club, Pioneer fund, Anim Fund (Founders Fund Scout), Locus ventures, and Liquid 2 Ventures, participating. “The freshly raised funds will be utilized to develop technology for the next leap of improvement in traveler experience and expand the service to new geographies. The startup is also hiring across engineering, product, business, and operations profiles,” the company said in a statement. Apart from these investors, Zingbus’s existing investors also participated in the funding round which include – Advantedge technology fund, 9 Unicorns, and Venture Catalyst. 

The company has also received backing from a clutch of value-adding angels like NFL fame Joe Montana, Alan Rutledge, John Jersin, Ankur Nagpal, Vinod Gupta, Ben McCan, and Harry Robertson among others, the statement added. Zingbus was founded in 2019, with the aim of making travel accessible for everyone, and making it safe as well. It accommodates fleets of buses for a standardized intercity travel experience to its customers. ‘We see the pandemic as a black swan event for the entire intercity bus industry. It has upended this unorganized, highly fragmented, and mainly unbranded market. ‘The current industry dynamics are such that we find ourselves in a unique position to build something precious quickly. Pandemic has led to higher expectations of hygiene and safety from customers,’ Zingbus CEO Prashant Kumar said. 

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