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Yolobus, an online bus ticket booking platform has raised $3.3 million in its Series A round led by Nexus Venture Partners. The round also recorded contribution from India Quotient. The startup plans to standardize inter-city bus travel for passengers. Yolobus has decided to utilize the raised funds in expanding its reach in the country and create safety features for travel.

SuvIR Sujan, Managing Director of Nexus Venture Partners and Anand Lunia, General partner of India Quotient will be joining the board of Yolobus, as told by Shailesh Gupta, cofounder and CEO of Yolobus. Post the latest development, the company has raised about $4.1 billion across seed and Series A funding round.

The demand of inter-city bus travel is still high but due to the fear of contracting the deadly Covid-19, passengers have been wary of using buses for travelling. To solve this problem, Yolobus is planning to introduce safety measures similar to airlines for people travelling in buses.

Shailesh Gupta gave a statement saying, “We should recover demand in the next two to three months. Even now, there is pent-up demand, but every alternate seat on the bus is blocked to maintain social distancing.”

As part of the safety measures, the company has decided to introduce disinfectant tunnels and have also created features to screen temperature and other Covid symptoms in the travelers. They will also be offering PPE kits to further reduce the risk of transmission of the disease.

Suvir Sujan, Managing Director at Nexus Venture Partners said, “Intercity ground mobility in India hasn’t kept up with the needs of the discerning urban traveler and is ripe for disruption.” Anand Lunia of India Quotient stated that the startup will be combining the convenience of rile hailing services like Ola and Uber and the efficiency of airlines to the inter-city bus aggregation industry. 


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