Fresh Bus Closes Series A INR 43.6 Cr with ixigo’s Backing

Bengaluru-headquartered Fresh Bus, a provider of outstation electric bus services, raised INR 43.6 crore (about $5.3 million) in its Series A funding round.

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Fresh Bus was founded in 2019 by second-time entrepreneur Sudhakar Reddy Chirra and has quickly established itself in the otherwise competitive online bus aggregator and operator market.

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The company’s value proposition lies in offering a full-stack platform that guarantees its holistic run, hassle-free, and convenient end-to-end travel experience.

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In the recent fund-raising round, the company’s board passed a special resolution to issue 2 equity shares.

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Series A remains live; Fresh Bus will most likely be able to raise additional capital in the coming months. It will help the company increase and make the electric bus fleet larger.

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In these respects, the investment from ixigo, one of the pioneers of the travel platform in India, speaks to the potential and the promise that Fresh Bus presents.

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