ixigo Bets On Bus Travel Market With Investment In gogoBus
Summary
The company said that it has invested an undisclosed amount in gogoBus’ first round of funding with angels such as Rajesh Sawhney (cofounder and CEO, Innerchef) and Abhishek Sharma (COO, Dineout). Rajnish Kumar, cofounder and CTO, ixigo, 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 in a big way.” Founded in January 2020 by Amit Gupta and Avinash Singh Bagri, gogoBus is a full-stack mobility startup. We offer a wide range of features including customized reclinable luxury seats, GPS enabled buses, predefined pit stops and trained, verified and uniformed drivers to give an exemplary experience to all bus travellers,” he added. India has over 20 Mn people travelling between cities on a daily basis with a majority of 55% using intercity buses, 40% via railways and just 5% split between airlines, taxis and personal vehicles. Despite a large number of consumers, the entire inter-city bus travel experience has very few players trying to solve for the market with names such as redBus, Shuttl and Zingbus leading the way.