Ixigo, angels invest in intercity mobility startup gogoBus

Ixigo, angels invest in intercity mobility startup gogoBus
Photo Credit: 123RF.com
3 Mar, 2020

Intercity bus services startup gogoBus has raised an undisclosed sum in a funding round from Travenues Technologies, which owns online travel booking platform ixigo, and angel investors Rajesh Sawhney and Abhishek Sharma.

Sawhney is co-founder of cloud kitchen Innerchef and Sharma COO of restaurant table reservation platform Dineout. 

gogoBus, which is owned by Delhi-based GOGO Mobility, will use the capital to launch operations on multiple routes, a statement said.

"The gogoBus team’s prior operating experience with buses, domain knowledge of travel and transportation, coupled with ixigo’s demand-side scale will help disrupt the bus travel market," Rajnish Kumar, co-founder and CTO of ixigo said.

Founded in January this year, gogoBus offers bus travel services, including online ticketing and tracking of vehicles through its platform. It operates on an asset-light model and claims to have covered 500,000 km since launch.

The company was started by Amit Gupta, who earlier was an executive at city mobility solutions provider Shuttl, and former Adda247 employee Avinash Bagri.

Ixigo claims to have a user base of 170 million and monthly active users of around 30 million. It offers bookings on flights, hotels, buses and trains. 

gogoBus operates in the same space as Stelling Technologies-owned IntrCity and Yolobus. Last week, IntrCity raised $13.9 million from Infosys co-founder Nandan Nilekani’s NRJN Family Trust, along with Samsung Venture Investment, Omidyar Network and Blume Ventures.

Last month, Yolobus raised raised $600,000 in a seed round from a group of angel investors.