IntrCity SmartBus raises Rs 250 crore in Series D round led by A91 Partners

Travel startup IntrCity SmartBus has raised Rs 250 crore in a Series D funding round led by A91 Partners.

The company said in a statement on October 30 that the funds will be used to enhance customer experience and safety, upgrade its fleet management technology platform, and expand operations in Tier-2 and Tier-3 cities. IntrCity plans to double its fleet and is targeting Rs 1,000 crore in turnover by next year.

“IntrCity SmartBus has emerged as nationally the top ranked brand amongst bus travelers, known for its professionalism, punctuality, comfort and reliability of operations. The brand continues to scale-up organically & profitably and is projected to maintain its 50% y-o-y growth this year. We are excited to onboard A91 Partners in the next phase of our journey,” said Kapil Raizada, Co-founder and President, IntrCity SmartBus.

Gautam Mago, General Partner at A91 Partners, said, “We are delighted to partner with Kapil, Manish and the IntrCity SmartBus team. They have built a trusted, pan-India brand through exceptional quality, consistency and customer service.”