Zingbus
Travel-Tech | Series A | B2B2C
Gurgaon, India
zingbus.com
About Startup
Zingbus is an emerging brand in the intercity bus travel industry that aims to provide an affordable and dignified travel experience. Zingbus operates and manages fleet through its operators. Zingbus is solving 2 sided problem in outstation bus industry in India. It allows bus travellers to book tickets in one go from the comfort of their homes thus facilitating Hassle Free bookings, Quick access etc. For fleet owners, it enhances profit pool by Assured Demand, hassle free fleet management through a dedicated digital platform.
Now the company is working towards electrification of its fleet to provide sustainable travel at cheaper costs to fleet owners and attractive prices to its customers.
Founders
Prashant Kumar
Co-Founder & CEO
IIT Kanpur Ex Founder Tipi Homes, Ex Oyo, Flipkart
Mratunjay Beniwal
Co-Founder & COO
IIT Kanpur Ex Founder Tipi Homes,Ex Oyo, Tracxn
Ravi Verma
Co-Founder & CTO
Institute of Tech. GGU Ex Founder Tipi Homes,Ex AHA Taxis
Key Highlights
ARR (June'23)
INR 270 Cr ( USD 33 Mn)
Number of Buses
220+
Revenue (FY23)
INR 219 Cr (USD 26.7 Mn)
Number of Customers served
3 Mn+
Current Round
INR 82 Cr (USD 10 Mn) 100% Committed (INR 50L additional byte availed)
Reach
293 cities
Key Investors
Deal Details
Current Deal Round
Series A
Round Size
INR 82 Cr (USD 10 Mn) | 100% Committed (Additional bite of INR 50L for SV Investors)
Minimum Ticket Size per Investor
INR 25 Lacs by an individual investor, will qualify for direct entry on the cap. table
Instrument
CCPS
SPV Condition
Nil
Soonicorn Platform Fee
Entry Fee: 2% of investment amount on entry.
Valuation
Pre-Money Valuation – INR 530 Cr (USD 65 Mn)
Deal Runner
Gautam Aggarwal
Gautam Aggarwal
Pitch Deck
Pitch Call Recording
Deep Dive Call Recording
Document
Business DD Report
Q & A Report
- Risk Score out of 5