YoloBus
| Type of business | Privately held company |
|---|---|
Type of site | Online Travel |
| Available in | English |
| Area served | India |
| Founder(s) | Shailesh Gupta, Mukul Shah, Danish Chopra |
| CEO | Shailesh Gupta[1][2] |
| Parent | YOLO TRAVELTECH PRIVATE LIMITED |
| Commercial | Yes |
| Launched | 2019 |
| Current status | Active |
YoloBus is an intercity full-stack bus service which integrates operations and technology in the intercity transportation and mobility platform. It was founded in August 2019 by Shailesh Gupta, Danish Chopra and Mukul Shah. It raised $0.6 million in its seed round of funding, in early 2020, and another $3.3 million in its Series A round of funding led by Nexus Venture Partners. The company has so far raised $4.1 million in funding.[3] Shailesh Gupta serves as the CEO of the company.
Yolobus uses technology to bring post-COVID safety measures, smart fleet management and tech-friendly operations to the intercity bus aggregation business. It does not own buses, but only takes care of the operational side of the business.
This Gurugram-based tech-travel start up operates its fleet in more than 20 routes across North, South, and some of the North-Eastern parts of India, including Assam.[4][5].
Background[edit]
YoloBus was co-founded in August 2019 by Shailesh Gupta[6][7], Mukul Shah and Danish Chopra. The company raised seed funding of $600,000 in January 2020 from angel investors and a venture capital firm.[8][9]. The company further raised Series A funding of $3.3 million from Nexus Venture Partners in June 2020. [10][11][12]. In May 2020, company expanded its fleet and launched its services in Northeast India.[13][14].
The company in collaboration with Sonu_Sood initiated GharBhejo campaign to support migrant workers reach their home during the pandemic, and has sent about 350 stranded migrant workers home. As a part of its regular operations, it screens its travellers for temperature and other Covid-19 symptoms before they board a bus. So far it has ferried over 1 lakh passengers amidst the pandemic. [15].
YoloBus competes with online travel agencies such as RedBus, IntrCity[16], Abhibus[17], MakeMyTrip and Paytm.
See also[edit]
References[edit]
- ↑ "The 4Ps of New Age Business". BusinessWorld. 2020-04-21.
- ↑ "Shailesh Gupta, Founder of YoloBus and Innov8". wepreneurs.in. 2020-07-24.
- ↑ https://www.vccircle.com/nexus-venture-partners-leads-series-a-funding-for-yolobus-
- ↑ "Travel startup Yolobus looks to bring Ola, IndiGo experience; secures $3.3 million in series A funding". The_Financial_Express_(India). Retrieved 2020-06-08.
- ↑ "This Bus Operator Promises Punctual And World-Class Services". Entrepreneur_India. Retrieved 2020-06-23.
- ↑ "Yolobus founder Shailesh Gupta has always chased his Ikigai - Publications". The_Economic_Times. Retrieved 2020-07-06.
- ↑ "Winning Stroke: Shailesh Gupta, Founder, and CEO, YoloBus - Publications". BusinessWorld. Retrieved 2020-05-05.
- ↑ "Inter-city bus service startup Yolo raises seed funding". VCCircle. Retrieved 2020-01-27.
- ↑ "YOLO receives $600,000 in seed funding". Business Line. Retrieved 2020-01-27.
- ↑ "Yolobus raises $3.3 million in Series A funding led by Nexus VP". The_Economic_Times. Retrieved 2020-06-08.
- ↑ "Nexus Venture Partners leads Series A funding for Yolobus". VCCircle. Retrieved 2020-06-08.
- ↑ "Yolobus closes $3.3 million Series-A funding, places hygiene and safety top priorities". CNBC_TV18. Retrieved 2020-06-08.
- ↑ "We aim to offer airline-level services by upgrading existing fleet in Northeast: YoloBus". Retrieved 2020-05-25.
- ↑ "Newly launched bus mobility platform assures low cost service". Retrieved 2020-06-02.
- ↑ "#GharBhejo - Help migrants reach home safely". milaap.org.
- ↑ "IntrCity, smart bus that solves mobility concerns in crowded cities, raises Rs 100 crore". The_New_Indian_Express. Retrieved 2020-02-27.
- ↑ "Abhibus crosses ₹700 crore GMV in FY19, plans to launch train ticketing". Mint_(newspaper). Retrieved 2019-10-28.
External links[edit]
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