IntrCity SmartBus, a tech-enabled intercity bus platform in India, has secured $30 million in funding to expand its network across smaller cities and towns in the country. The recent all-equity Series D round, led by A91 Partners, has placed the Noida-based startup at a valuation of $140 million post-money.
The growing demand for intercity travel in India, driven by population shifts towards major cities for employment and education, has fueled significant growth for IntrCity SmartBus. As the national highway network in India has expanded by over 60% in the past decade, reaching 145,000 kilometers, the need for efficient long-distance road travel solutions has become paramount.
Unlike traditional bus operators, IntrCity SmartBus operates on an asset-light model by collaborating with local bus owners and integrating their vehicles with in-house hardware for real-time tracking. The startup’s digital platform streamlines ticket booking, route planning, service frequency determination, pickup points, boarding stations, and seat configurations based on demand.
To enhance safety and consistency, each bus is staffed with trained personnel known as ‘captains’, and most buses are equipped with washrooms. IntrCity SmartBus also offers air-conditioned boarding lounges with dedicated crew to elevate the pre-departure experience for passengers.
Source: TechCrunch