On-line journey platform EaseMyTrip on Thursday stated it’s buying YoloBus, a next-generation premium intercity mobility platform, for an undisclosed quantity to increase its non-air enterprise.
The acquisition consists of the model title of YoloBus, its expertise, staff, working enterprise and knowledge experience, the corporate stated in an announcement.
EaseMyTrip will leverage YoloBus’ full-stack technology-enabled platform to supply an enhanced and superior bus journey expertise with protected, clear, comfy and linked 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 predict 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 will likely 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 traders 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 three lakh clients have travelled utilizing its platform throughout 250 plus routes, connecting main tier-I cities to tier II and III cities.