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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

Business DD Report

Q & A Report

  • Risk Score out of 5

Media

zingbus and Sheru form strategic partnership to boost intercity e-mobility

zingbus launches shared intercity electric cabs

zingbus launches ‘Pay at Bus’ facility for its customers

Product Demo