- Funds will be utilized in building a technology stack
- To increase its operational footprint across the country
- To provide safe & reliable travel services to the customers
10th March 2021, New Delhi: zingbus, one of India’s leading travel startups, has announced that the company has raised an undisclosed amount of funding as a part of Y Combinator’s winter 2021 batch of startups. The Silicon Valley-based startup incubator Y Combinator selects a group of early-stage startups twice a year, mentors them over a period of three months and invests $125K in them. Airbnb and Doordash, two of YC’s portfolio companies, went for IPO recently. Among other Indian startups that the fund has backed in the past, the most popular are Cleartax, Razorpay, Meesho, Khatabook, Groww, Cashfree and OkCredit.
Speaking about travel in the post-pandemic world, Prashant Kumar, Co-Founder & CEO, zingbus, said, “Safety inside the coach has been a huge concern for travellers post-pandemic. We have deployed multiple tool kits for the bus crew to ensure that every trip was sanitized and all safety norms were followed every time. This has not only reassured the faith of travellers in zingbus, but also helped in dissipating the taboo associated with travel.”
Vaibhav Domkundwar, CEO Better Capital, quoted, “Bus travel is large and growing but incredibly broken in terms of the experience for travellers, crew as well as the owners. The missing piece is the technology that removes friction and enhances the experience for all parties. That is exactly what Zingbus is doing and scaling its reach across India and Bharat delivering great impact.”
Anupam Mittal, CEO People Group, said, “With large parts of travel and commute getting organized and having already moved online, it is only a matter of time before inter-city bus travel gets disrupted. This market segment has witnessed massive value creation internationally, and I am confident zingbus will do the same in India. Prashant and his team at zingbus are revolutionizing bus travel by offering experiences – standardization, service and safety – that users have come to expect in other segments, and I think this will be the next exciting story in travel.”
Barely a few weeks back, zingbus raised an undisclosed amount of funding from Arora Ventures, Titan Capital, Better Capital, Venture Catalysts, Anupam Mittal and other marquee investors. zingbus currently enables more than 2,000 daily journeys across Delhi/NCR, Himachal Pradesh, Uttar Pradesh, Madhya Pradesh, Uttarakhand, Rajasthan, Gujarat, Maharashtra, Jammu, Haryana, and Punjab.
Founded by Prashant Kumar, Mratunjay and Ravi Kumar Verma in 2019, zingbus aims to Change the Way India Travels. The company is already the highest-rated branded bus line in the country across digital platforms and social media. zingbus aggregates fleets of buses to deliver end-to-end standardized intercity travel experience at affordable prices. The emerging brand in the intercity bus services believes that the Right to affordable and dignified travel is fundamental to human existence and development and aspires to provide access to safe, reliable and affordable travel to everyone.