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AbhiBus partners with CheckMyBus to expand global access to intercity travel in India

EntrackrEntrackr · 20d ago
AbhiBus partners with CheckMyBus to expand global access to intercity travel in India
Medial

AbhiBus partners with CheckMyBus to expand global access to intercity travel in India Online bus ticketing platform AbhiBus, part of ixigo’s bus business, has partnered with CheckMyBus, a Germany-based global intercity bus metasearch engine. Through this collaboration, CheckMyBus will integrate AbhiBus’s extensive network of over 4,000 bus operators and more than 3.5 lakh (350,000+) routes across India. This will enable both domestic and international travellers to easily search and book intercity and last-mile bus journeys across the country. CheckMyBus operates in over 90 countries, across 21 local domains and 12 languages, offering a one-stop comparison platform for intercity transport. With this integration, users worldwide will gain visibility into India’s bus routes, schedules, and prices—alongside other modes of transport. Marc Hofmann, CEO of CheckMyBus, said, “We are delighted to welcome AbhiBus’s vast network onto our platform. By integrating thousands of Indian bus operators, we strengthen our mission to make bus travel a seamless experience worldwide. This partnership brings unprecedented access and convenience to intercity travel in India.” AbhiBus aggregates inventory from over 4,000 operators, including major State Road Transport Corporations (SRTCs), and is the official ticketing partner for several of them, as well as for IRCTC bus bookings. The platform allows users to compare fares, view bus amenities and schedules, track buses live, and access features such as cancellation protection. Since its inception, AbhiBus has focused on a customer-first approach with innovative features like Abhi Assured for reliable, on-time travel; Pink Seat for the safety and comfort of female travellers; and Bus Insights for route and operator ratings based on real traveller feedback.

ixigo-backed Fresh Bus raises $10.5 Mn in Series A round

EntrackrEntrackr · 11m ago
ixigo-backed Fresh Bus raises $10.5 Mn in Series A round
Medial

All-electric intercity bus startup Fresh Bus has raised Rs 87.5 crore ($10.5 million) in Series A funding round led by international early-stage transportation-focused VC fund Maniv, with participation from Shell Ventures, Alteria Capital, and existing investor Riverwalk Holdings. Last month, Entrackr exclusively reported about Fresh Bus’ new round. Fresh Bus will utilize the new funds to add 15 routes and deploy 150 new electric buses, the firm said in a press release. Besides scaling ops, the funds will also be deployed towards raising technological capabilities, and strengthening its team. Fresh Bus was previously backed by notable industry leaders such as CRED founder Kunal Shah, TVS Motors MD Sudarshan Venu, and Rivigo CEO Deepak Garg. Earlier, the firm also secured Rs 16 crore ($2 million) from public company ixigo. FreshBus, which offers ticketing, real-time tracking of buses, loyalty program, among other services, was founded by Sudhakar Reddy Chirra. Chirra had built bus aggregator Abhibus which was acquired by ixigo in August 2021 in a cash and stock deal. The Bengaluru-based company claims to have ferried over 4 lakh passengers to date. According to Chirra, the firm expects to scale to 1000 electric buses pan-India over the next four years. As per startup data intelligence platform TheKrediblle, FreshBus was a pre-revenue stage firm with a loss of Rs 2.1 crore during FY23. The company is yet to file its annual financial results for FY24. Fresh Bus competes with IntrCity SmartBus, ZingBus, Yolobus, and gogoBus, among several organized travel agencies across regions.

BookMyShow FY24 revenue jumps 43% on live events growth; online ticketing drives profitability

Economic TimesEconomic Times · 7m ago
BookMyShow FY24 revenue jumps 43% on live events growth; online ticketing drives profitability
Medial

BookMyShow, an online entertainment ticketing platform, experienced a 43% YoY increase in scale, driven by significant growth in its live events segment. The company achieved profitability in FY23 and saw its net profit grow further in FY24 due to strong revenue growth. Online ticketing remains the biggest revenue and profit contributor, while the live events segment recorded a loss. BookMyShow faces competition from Zomato, which acquired Paytm's events and ticketing business, and is organizing large-scale music concerts. Operating cash flows decreased due to increased operational expenses, and total expenditure rose by 40%. BookMyShow leads India's entertainment ticketing market with a 75% market share. Uncertainty surrounds a planned investment by PE firm KKR following Zomato's acquisition.

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