Rocket Internet backed ClickBus Raises USD 10M in Funding

ClickBus, the online booking platform for bus travels, has received an additional USD 10 million funding from Latin America Internet Group, Tengelmann Ventures, Holtzbrinck Ventures and Rocket Internet. The funding round coincides with the one-year anniversary and the launches in Turkey and Pakistan, placing ClickBus in seven countries alongside Brazil, Mexico, Germany, Poland and Thailand. Further country expansions will follow shortly.


See Also: TaxiForSure Raises Series C Round, Announces Upcoming Launch in 25 New Markets

Fernando Prado, Global co-CEO and co-founder of ClickBus: “The company’s objective is to empower the bus travelling industry across the globe by migrating to the online world an industry used to offline sales. By allowing passengers to compare and buy bus tickets online, ClickBus is going to follow the airline example and eventually transition the bulk of sales to the internet.”

Currently, the company has over 180 partner bus companies, offering trips to over 8.000 destinations in 7 countries, exactly a year after launch in August 2013.

Cesário Martins, Global co-CEO and co-founder of ClickBus: “With over 10 million visits globally and expectation of having a million tickets sold by the end of the year, we had an extremely successful first year. Now we are very proud to have secured this new round of funding. This will allow us to continue our growth trajectory in existing markets and advance our technology, especially in the field of M-Commerce, where we will launch apps for iOS and Android shortly. The new round of funding will also allow us to tackle further markets, which are mostly in the offline realm. Our goal is to move into exactly these markets to enforce the shift from offline to online in the bus industry.”

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