After Redbus was incepted in 2006 (and later acquired by Ibibo Group), not many players were seen entering into the same space. At the same time, cab aggregators like Ola and Uber found India to be a viable land to scale up their model. However considering that only a small portion of the population can actually afford to use this form of on-demand transportation, a wide market is open for ride-sharing businesses.
In the same direction, the past few months have seen many players entering in the bus aggregation segment. Have a look at 4 such firms who are disrupting the bus transport space in India.
Launched in September 2015 by IIT-Bombay graduates – Jerin Venad, Ankit Agrawal, Advaith Vishwanath, Rushabh Shah, Subhash Sundaravadivelu and Sankalp Kelshikar, Mumbai-based Cityflo is a bus aggregation startup. It provides a platform for commuters to interface with private bus owners for home to office commute. The startup focuses on routes connecting business hubs to residential areas. Customers can make a booking via its Android app and select their desired route and timing.
The startup plans to raise a seed round of funding very soon. The incoming money will be used to develop the tech product and getting together a stellar team to solve this problem as well as scaling up aggressively. Housing’s Co-Founder is officially advising Cityflo. It is the second start up after HandyHome that he’s advising.
As per ET report, the company is discussing with Nexus Venture and IDG Ventures for its maiden funding round.
The company claims an air-conditioned, seated travel and an app to book its service on demand and on subscription.
Talking about their vision, Cityflo’s Co-Founder Jerin told iamwire that, “We focus purely on bringing to the customers the best experience. Ensuring that our solution benefits all stakeholders in the equation (both demand and supply) is key to winning in the market.”
Cityflo’s app has crossed 5000 downloads so far. Currently the company is doing 1800 customer rides every day. It charges a commission from the bus operator for the services it provides, whose income stream is the ticket revenues.
Commenting on their future plans, Jerin added that, “We are revolutionizing urban mass transport, a pressing issue in all of urban India. The plan is to make comfortable and affordable commute available to every single person in Indian cities.”
Founded in April 2015 by Amit Singh and Deepanshu Malviya, Gurgaon-based Shuttl is a bus aggregating platform offering shuttle bus service to its commuters in Delhi NCR and soon expanding to other cities. The startup claims to offers services like air-conditioned buses, reserved seats, flexibility in timing and economically viability.
The company had secured $3 million from Sequoia Capital and angel investors to build a better technology product, expansion and achieving deeper penetration in existing geographies. It is also focusing on hiring new talent. The service is available via its Android and iOS app.
Within 6 months of launch, its Android app has crossed 80,000 downloads on Google Play Store and the startup has completed half a million rides till date. The iOS app has also been released and is seeing a similar response.
Shuttl is a technology enabled marketplace which helps connect drivers with the subscribers. The company earn a commission from the subscription money and rest of the amount is retained by drivers and bus owners.
For the next couple of months, the startup will focus on the NCR market and plans to launch more cities towards the end of this calendar year. At the back-end, the firm is looking to leverage technology and data sciences to get better at dispatch frequency, predicting demand curves, better route identification and route optimization.
Shuttl plans to reach 100,000 rides a day within the next few months.
Founded in August 2014 by four founders – Jitender Sharma, Gaurav Agarwal, Neeraj Paliwal and Pritesh Gupta, Bengaluru-based ZipGo is an app that aggregates shuttle AC bus services for just Rs 29. The startup claims to provide a comfortable and convenient public transport.
Its Android app uses the information given by the buses and generates information on what the actual traffic congestion situations will be and the amount of time it will take. ZipGo claims to have all government compliances and regulations in place. To be a part of ZipGo, an individual has to be a member, thus giving it the similar compliances as a car-pooling model. The app has crossed 50,000 downloads so far. It helps users to view all the routes that ZipGo serves as well as track the bus movement in real-time in the app. The startup processes thousands of rides per day.
ZipGo is in talks to raise funding from Orios Venture Partner. It consists of 25 members in its team and is currently integrated with Paytm, however, the startup is also looking at other wallets as well.
Mumbai-based, rBus was founded by Siddharth Sharma, Anshul Khandelwal and Vivek Choksi earlier this year. The startup offers AC bus services in Mumbai. It had raised an undisclosed amount in seed funding in August from India Quotient, People Group founder Anupam Mittal and other investors to expand operations and strengthen its technology platform.
Presently, rBus covers 17 routes in Mumbai, and caters to over 500 commuters. Using its Android app, commuters can pick a route and timing for their travel. The company claims that the commuter gets the benefits of daily transport in a well-maintained, air-conditioned bus, flexibility with timings and added perks like reserving a particular seat. It has served more than 54000 rides so far.
rBus offers services like Wi-Fi, app-enabled payments, live tracking of buses and flexible timing. It charges Rs.500 for 10 rides a week, for which it has tied up with chartered bus operators.Category Startups