IntrCity SmartBus secures ₹250 crore as India's intercity travel booms

IntrCity SmartBus, a tech-enabled inter-city bus network platform, has closed a ₹250 crore Series D round, led by venture capital firm A91 Partners.

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IntrCity SmartBus secures ₹250 crore as India's intercity travel booms
IntrCity SmartBus, a tech-enabled inter-city bus network platform, has closed a ₹250 crore Series D round, led by venture capital firm A91 Partners.
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The company plans to use the investments towards improving customer travel experience, upgrading fleet management technology platform, and providing deeper and wider coverage to Tier-II and Tier-III cities.

The company is on track to double its fleet and targets a ₹1000 crore turnover by next year.

IntrCity SmartBus is an asset-less bus network and provides safe and standardised travel options around India’s long-distance routes, operating across over 630 routes in 15 states.

Its companion brand, RailYatri, is a popular digital platform for train travel in India, providing a simplified train ticket booking experience along with comprehensive trip data and insights, serving more than 12 million users monthly.

Much of this is driven by the company’s technology backbone. IntrCity has developed a suite of proprietary tools,  including an operator dashboard, crew app, and IoT-enabled fleet analytics system, that help manage daily operations across its expanding network.

These platforms enable real-time tracking, accurate ETA visibility, dynamic route management, and centralised monitoring of every journey.

From automated luggage management to predictive maintenance insights, the company’s tech stack is designed to bring efficiency to a category that has traditionally lacked both.

In India, the outstation travel market remains largely untapped by organised players.
Given the country’s huge population and rapid urbanisation, there is an increasing demand for various modes of transportation, including personal and public.

India’s expanding highway network is fueling a surge in the country’s intercity travel sector, particularly the outstation bus market.

The segment is projected to grow at a compound annual rate of 10 per cent to 13 per cent between fiscals 2020 (FY20) and 2025, according to a report by IntrCity SmartBus and consulting firm 1Lattice.

The report estimated India’s overall outstation travel market at $66 billion in FY20, with bus travel accounting for about $30.3 billion, or roughly 45% of the total.

While the pandemic slowed demand in FY21 and FY22, the rebound since then has been strong.

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