ApniBus on Monday announced to have raised pre-seed funding led by Antler India. This round also saw participation from GoodWater Capital and angels like Niraj Singh and Asish Mohapatra.
"The tier-3 and tier-4 intercity travel market is a massive whitespace and ripe for transformation. Coming from a small town ourselves, Ravi and I personally experienced the extreme inconvenience involved with intercity travel. ApniBus is going to significantly improve this experience with tech intervention. We are digitizing the bus journey and have built solutions to manage their real time schedules with real time inventory, so that commuters don't have to wait at bus stops for hours or travel on long journeys with no seat," said Sumit Gupta, co-founder, ApniBus.
"The Bharat customer has embraced digital experiences for everything from UPI payments to Amazon e-commerce, but the essential needs around intercity travel remain unsolved for 3 crore travelers every single day, with over 95 per cent of buses not digitized. Intercity bus travel for the tier-3 and tier-4 markets has been underserved by existing players and we are thrilled to support ApniBus in its journey of transforming this space. With ApniBus, Sumit and Ravi are successfully cracking the complex challenge of digitizing the intercity bus stack along with solid unit economics," said Nitin Sharma, partner, Antler India.