📺 Stream EntrepreneurTV for Free 📺

[Funding Alert] Yolobus Raises $3.3 Mln In Series A Round Led By Nexus Venture Partners The Gurugram-based company said the fresh funds will be used to double down on investments across technology, customer and crew safety and sanitisation as well as expansion plans across geographies.

By Debroop Roy

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Yolobus, an intercity transportation start-up, said on Monday it has raised $3.3 million in a Series A round of funding led by Nexus Venture Partners. India Quotient also participated in the investment round.

Founded in 2019 by Shailesh Gupta, Mukul Shah, and Danish Chopra, who took inspiration from their personal woes of travelling via existing intercity buses that promised luxury, the company provides full-stack bus services.

Presently touching 10-12 locations and managing close to 30 buses, Gupta told Entrepreneur India that the plan is to onboard over 200 buses by the end of this year, cautioning however that the Coronavirus pandemic could potentially change this number.

The Gurugram-based company said the fresh funds will be used to double down on investments across technology, customer and crew safety and sanitisation as well as expansion plans across geographies.

"This funding is a reiteration of our promise to keep improving our services keeping in mind the market need of safety and hygiene, especially," said chief operating officer Shah, in a statement.

How the company operates is it partners with existing bus operators, standardizes their fleet and works with them on a revenue-sharing model. It said it aims to provide airline-level services such as bus captains, high-speed Wi-Fi, washrooms, food and beverages, device charging points.

"By integrating operations and technology in the system, we are also strategizing to bring on more dynamic routes on board, ensuring a safe and convenient travel experience to our hundreds of thousands of customers," said Chopra.

Steps Taken Due To COVID-19

This investment also comes at a particularly difficult time for businesses across the travel and hospitality industry, with the Coronavirus outbreak and subsequent lockdowns pulling activity down and in many cases, to a grounding halt.

To deal with the safety concerns that have risen due to the pandemic, Yolobus has introduced a sanitization tunnel for each passenger before onboarding. The captain, along with the bus driver and staff will also be wearing personal protective equipment kits.

Speaking on the aspect of safety, Gupta said, "Yolobus will resume its operations with extensive precautionary measures for every trip. Every passenger will be checked with infra-red temperature measuring guns before onboarding. Customers will be able to pre-order essential PPE kits and know the temperature of the bus crew members before boarding the bus."

As part of the deal, Suvir Sujan, managing director of Nexus Venture Partners and Anand Lunia, general partner at India Quotient will be joining the Yolobus board.

"Since the days of bus aggregators, we have had a sea change in use of technology. Cabs are an example of this change. The bus ride, a primary mode of inter-city travel, is still stuck in the previous decade. I am confident that Yolobus will bring in a full-stack experience to the bus ride - the convenience of an Ola cab and the efficiency of Indigo airlines," said Lunia.

Debroop Roy

Former Correspondent

Covering the start-up ecosystem in and around Bangalore. Formerly an energy reporter at Reuters. A film, cricket buff who also writes fiction on weekends.
Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."


Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.


5 Ways Solopreneurs Can Scale Their Business Through Collaboration

Our culture loves to perpetuate the myth that entrepreneurs must go it alone. But for many, the path to success is found in collaboration.


I Quit! You Just Don't Know It Yet — How to Stop Disengagement and Ensure Your Employees Remain Vibrant and Productive

Disgruntled or disenchanted employees are giving up and doing the minimum at their jobs. Are people quiet quitting on you?


How to Harness the Power of Authentic Storytelling to Become a More Effective and Inspiring Leader

Storytelling enhances business leadership by inspiring a culture of authenticity and trust through sharing relevant personal stories.