How Much Did Zingbus Raise? Funding & Key Investors

Zingbus has successfully raised significant funding through multiple rounds, including a Series A. The company is backed by a diverse group of investors, such as BP Ventures and Soonicorn Ventures.

Keep reading to explore the intricacies of Zingbus's fundraising journey and the investors backing this innovative platform.

What Is Zingbus?

Zingbus, founded in April 2019, is an emerging brand in the intercity bus services sector. Based in Gurgaon, Haryana, India, the company aims to provide a safe and reliable travel experience with well-equipped buses and modern facilities.

The company was founded by Mratunjay Beniwal, Prashant Kumar, and Ravi Kumar Verma. Zingbus offers a range of services, including online bus ticket booking, various types of Volvo bus services, on-time guarantees, lowest price guarantees, travel insurance, and carbon-neutral rides.

With a team of 11-50 employees, Zingbus has built a vast network covering over 500 cities in 18+ states across India. The company has served over three million travelers, emphasizing safety, reliability, and customer satisfaction.

How Much Funding Has Zingbus Raised?

1. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: February 28, 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart operations and build the initial team.
2. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: February 9, 2021
   • Lead Investors: Better Capital, Titan Capital, Venture Catalysts
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the service network and enhance technology.
3. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: March 10, 2021
   • Lead Investors: Y Combinator
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and improve customer experience.
4. Seed Round
   • Amount Raised: ₹446M (approximately $6M)
   • Date: July 27, 2021
   • Lead Investors: Info Edge Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop technology for improving traveler experience and expand services to new geographies.
5. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: January 1, 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand the service network and enhance operational efficiency.
6. Series A
   • Amount Raised: Not publicly disclosed
   • Date: December 13, 2022
   • Lead Investors: Venture Catalysts
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and grow the team.
7. Series A
   • Amount Raised: $9M
   • Date: December 17, 2024
   • Lead Investors: BP Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and grow the team.

Total Amount Raised: $15M

Current Valuation: Not publicly disclosed

Key Investors

• BP Ventures
  • Details: BP Ventures is the corporate venture capital arm of BP, a global energy company. They focus on investing in high-growth, game-changing technology companies.
  • Investment Focus Areas: Energy, mobility, sustainability.
  • Notable Investments: Zingbus, FreeWire Technologies, Fulcrum BioEnergy.
• Info Edge Ventures
  • Details: Info Edge Ventures is a venture capital firm that invests in early to mid-stage technology companies. They are known for backing some of India's most successful startups.
  • Investment Focus Areas: Technology, internet-based startups, mobility.
  • Notable Investments: Zomato, PolicyBazaar, Zingbus.
• Venture Catalysts
  • Details: Venture Catalysts is an integrated incubator that provides funding, mentorship, and network support to early-stage startups. They are one of India's leading early-stage investors.
  • Investment Focus Areas: Technology, consumer services, healthcare.
  • Notable Investments: Beardo, Fynd, Zingbus.
• Y Combinator
  • Details: Y Combinator is a startup accelerator based in Silicon Valley. They have funded over 2,000 startups, including some of the most successful tech companies in the world.
  • Investment Focus Areas: Technology, software, consumer services.
  • Notable Investments: Airbnb, Dropbox, Zingbus.
• Better Capital
  • Details: Better Capital is an early-stage venture capital firm that invests in technology-driven startups. They focus on backing founders with bold ideas and strong execution capabilities.
  • Investment Focus Areas: Technology, fintech, consumer services.
  • Notable Investments: Khatabook, Teachmint, Zingbus.

What's Next for Zingbus?

As Zingbus looks to the future, the opportunities are vast. The company plans to expand its services to new geographies and enhance its technology to improve the traveler experience. With the goal of operating over 250 buses and connecting more than 100 cities, the potential for growth is significant.

Future fundraising rounds seem likely, given the successful pre-series A round and the involvement of prominent investors. These funds will be crucial for scaling operations and meeting the heightened expectations for hygiene and safety in a post-pandemic world.

However, Zingbus will face challenges such as navigating a fragmented market and ensuring consistent service quality. Competition from other intercity bus aggregators and regulatory hurdles could also pose obstacles. Despite these challenges, the company's focus on technology and customer satisfaction positions it well for future success.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Zingbus and gather other critical business insights.

Sign up for free on Clay and start making data-driven decisions today.