ApniBus secures its pre-seed funding from Antler India
- ByStartupStory | August 29, 2022
ApniBus, an intercity bus platform for Bharat, has raised pre-seed funding led by Antler India. Goodwater Capital and angels such as Neeraj Singh and Ashish Mohapatra also participated in the round.
Sumit Gupta, Apni Bus co-founder, said, “The Tier 3 and Tier 4 intercity travel markets are enormous and ripe for disruption.” Coming from a tiny town, Ravi and I both experienced significant discomfort during intercity travel. ApniBus This encounter “We are digitising bus travel and have built solutions to manage your real-time schedule with real-time inventory, so passengers don’t have to wait for hours at bus stops or go on lengthy travels without a seat.”
Nitin Sharma, Partner, Antler India, said, “Indian customers have embraced digital experiences for everything from UPI payments to Amazon e-commerce, yet the critical requirements of 30 million commuters every day remain unmet, with more than 95 percent of buses not digitised.” Existing companies have supported the Tier-3 and Tier-4 markets for intercity bus travel, and we are excited to support our bus on its quest to alter this field. “With our bus, Sumit And Ravi has effectively overcome the complex problem of digitization, as well as the intercity bus stack and strong unit economics.”
Gurgaon-based ApniBus operates in over 15 cities and connects over 1000 destinations via over 350 routes. In just seven months, the site has seen over 200,000 monthly transactions and is fast expanding month by month.
About ApniBus
ApniBus was founded in 2021 by Sumit Gupta, a repeat entrepreneur, and operations and mobility specialist Ravi Yadav. ApniBus is a full stack solution that allows commuters to search, track, and book intercity buses using a single smartphone app. ApniBus is designed to assist bus operators with ticketing, inventory, and fleet management while also affecting millions of intercity riders.
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