Chennai based online bus ticketing platform TicketGoose has raised INR 18 crore in a funding round led by US-based Indventure to scale up its operations, hire talent and enhance the customer experience.<\/p>\n
The company was looking to raise INR 25 crore for the second round of funding since last year. Previously it has raised INR 5 crore in a funding round led by US-based angel investors. However, the funding amount of the first round has been speculated by media publications differently between INR 3 \u2013 5 crore.<\/p>\n
The development was first reported by ET.<\/p>\n
Launched back in 2007, TicketGoose provides information like price, availability and booking facility for buses. Currently, it has a network of 700 bus operators covering 3,000 locations across the country. The portal aggregates over 10,000 routes with 20,000 buses and works with over 6,000 agents.<\/p>\n
It also has a travel insurance policy for the accident, baggage damage and medical expense.<\/p>\n
The company expects to cross the turnover of INR 100 Crore this fiscal.<\/p>\n
TicketGoose is promoted by Efficsys InfoTech India Pvt. Ltd. and was founded by Karthi Easwaramoorthy along-with his friends Arunkumar Athiappan and Vasudevan Ramasamy. Karthi Easwaramoorthy has previously worked with companies like Oracle and Hewlett-Packard for over 15 years in US.<\/p>\n
It is based out in Chennai with offices in Bangalore and Hyderabad.<\/p>\n
A few other dealing in the same space include BusIndia, redBus, Travelyaari, ixigo etc.<\/p>\n
Recently redBus was acquired by ibiboGroup at an estimated amount of INR 800 crore. Post-acquisition redBus had crossed 1 crore ticket sales and had reached a user base of 2 Mn.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Article was published in i am wire magazine on August 19, 2014<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2599","post","type-post","status-publish","format-standard","hentry","category-digital"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t