On-line journey platform EaseMyTrip on Thursday stated it’s buying YoloBus, a next-generation premium intercity mobility platform, for an undisclosed quantity to develop its non-air enterprise.
The acquisition contains the model identify of YoloBus, its expertise, workforce, working enterprise and information experience, the corporate stated in a press release.
EaseMyTrip will leverage YoloBus’ full-stack technology-enabled platform to supply an enhanced and superior bus journey expertise with protected, clear, comfy and related buses for seamless intercity journey, it added.
Commenting on the acquisition, EaseMyTrip co-founder Rikant Pittie stated, “Tech-enabled bus mobility is the long run, and we expect to witness an outstanding development within the coming interval”.
Stating that YoloBus has carved a distinct segment for itself within the mobility sector, he stated, “We’re assured that its tech-backed mobility options shall be an enormous draw for travellers and can additional strengthen EaseMyTrip’s place within the phase”.
Final 12 months, YoloBus had raised Collection-A funding, at a valuation of Rs 84 crore, from marquee buyers like Nexus Enterprise Companions and India Quotient.
It runs on a mobility template caring for the operational facet of the enterprise, together with scheduling of buses, ticketing, customer support, and community planning. Over 3 lakh prospects have travelled utilizing its platform throughout 250 plus routes, connecting main tier-I cities to tier II and III cities.