{"id":4087,"date":"2024-12-16T01:05:43","date_gmt":"2024-12-16T01:05:43","guid":{"rendered":"https:\/\/founderlabs.in\/?p=4087"},"modified":"2025-01-10T06:01:39","modified_gmt":"2025-01-10T06:01:39","slug":"zingbus-secures-7m-funding-led-by-bp-ventures","status":"publish","type":"post","link":"https:\/\/www.founderlabs.in\/?p=4087","title":{"rendered":"ZingBus Secures $7M Funding Led by BP Ventures"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/www.zingbus.com\/\">ZingBus<\/a>, an intercity mobility startup, has raised Rs 59 crore ($7 million) in a fresh funding round led by BP Technology Ventures. This is the first major investment for the Gurugram-based company in 2024, which indicates renewed confidence in India&#8217;s intercity travel market.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Key Players and Funding Details<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to filings with the Registrar of Companies, ZingBus raised that amount by issuing 38,455 preference shares at a rate of Rs 15,355 per share.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">BP Ventures lead the round with an investment amount of Rs 41.8 crore.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Info Edge-backed IE Ventures Fund Follow-On invested Rs 14 crores.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Other investments came from 9 Unicorns (Rs 1.25 crore) and AdvantEdge VC (Rs 2 crore).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">This means the total funding has resulted in an equity dilution of 11.16%. BP Ventures has a 7.9% stake, while IE Ventures now holds 6.07% of ZingBus.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Utilization of Funds and Business Expansion<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The company will utilize fresh capital for expansion and growth, besides meeting additional capital requirements. This funding is likely to strengthen the infrastructure of ZingBus and further penetrate the competitive intercity mobility sector.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Post-Funding Valuation<\/b><\/h2>\n<p><span style=\"font-weight: 400\">As of estimates given by Fintrackr, the valuation has reached Rs 530 crore or $63 million. It is also indicated that this round might be the first step of a major funding program first indicated back in April 2023 to increase market presence.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Business Model and Competitors- ZingBus<\/b><\/h2>\n<p><span style=\"font-weight: 400\">ZingBus, founded in 2019 aggregates fleets of buses to provide hassle-free end-to-end intercity travel services. The company emphasizes reliability, affordability, and ease of usage and is focused on the demand of India in the structuring of bus travel services.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">ZingBus faces stiff competition with other companies operating in the intercity bus aggregation domain such as Yolobus, IntrCity of RailYatri, Abhibus, and FreshBus. Competition is extremely intense as competitors are in a similar niche.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Financial Performance and Growth<\/b><\/h2>\n<p><span style=\"font-weight: 400\">ZingBus has seen outstanding growth over the years. For FY23, it saw 3X revenue growth at Rs 218 crore, from the previous fiscal year. It still reported a loss of Rs 51 crore in the same period. It has not yet reported the FY24 results.<\/span><\/p>\n<h2><b>\u00a0Industry Outlook and Future Prospects<\/b><\/h2>\n<p><span style=\"font-weight: 400\">With massive investments in the tech-solution space for bus travel going up, intercity mobility is witnessing rapid growth in India. The recent funding of ZingBus by industry players such as BP Ventures and Info Edge, both leading players, indicates rising beliefs about its capacity to scale and innovate.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400\">With the new capital, ZingBus is well-positioned to expand its services, cater to rising consumer demand, and compete in the broader mobility startup ecosystem. As the market continues to mature, ZingBus aims to establish itself as a leading player in India&#8217;s intercity travel sector.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Key Takeaway:\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Fresh funding for ZingBus signifies the confidence of investors in tech-driven intercity mobility solutions. With an aggressive valuation and expansion plans, the company is well-set to change the face of bus travel in India. Lean more with <a href=\"https:\/\/founderlabs.in\/\">FounderLabs<\/a> every day!<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; ZingBus, an intercity mobility startup, has raised Rs 59 crore ($7 million) in a fresh funding round led by BP Technology Ventures. This is the first major investment for the Gurugram-based company in 2024, which indicates renewed confidence in India&#8217;s intercity travel market. &nbsp; Key Players and Funding Details According to filings with the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":4088,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[293],"tags":[2823,2825,2824,2822,2827,2821,2826],"class_list":{"0":"post-4087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news","8":"tag-bp-ventures","9":"tag-ie-ventures","10":"tag-info-edge","11":"tag-intercity-mobility-startup","12":"tag-zingbus-expansion","13":"tag-zingbus-funding","14":"tag-zingbus-valuation"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.3 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ZingBus Secures $7M Funding Led by BP Ventures - Founderlabs<\/title>\n<meta name=\"description\" content=\"ZingBus secures funding to expand its operations and enhance travel services across India Led by BP Ventures\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.founderlabs.in\/?p=4087\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZingBus Secures $7M Funding Led by BP Ventures\" \/>\n<meta property=\"og:description\" content=\"ZingBus secures funding to expand its operations and enhance travel services across India Led by BP Ventures\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.founderlabs.in\/?p=4087\" \/>\n<meta property=\"og:site_name\" content=\"Founderlabs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/founderlabsindia\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-16T01:05:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-10T06:01:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2024\/12\/images-8.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Swati Mandal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@founderlabs_ind\" \/>\n<meta name=\"twitter:site\" content=\"@founderlabs_ind\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Swati Mandal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087\"},\"author\":{\"name\":\"Swati Mandal\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/#\\\/schema\\\/person\\\/fcca133e92ea2eba81569a4e690a9b38\"},\"headline\":\"ZingBus Secures $7M Funding Led by BP Ventures\",\"datePublished\":\"2024-12-16T01:05:43+00:00\",\"dateModified\":\"2025-01-10T06:01:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087\"},\"wordCount\":491,\"image\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.founderlabs.in\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/images-8.jpeg\",\"keywords\":[\"BP Ventures\",\"IE Ventures\",\"Info Edge\",\"intercity mobility startup\",\"ZingBus expansion\",\"ZingBus funding\",\"ZingBus valuation\"],\"articleSection\":[\"Top news\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087\",\"url\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087\",\"name\":\"ZingBus Secures $7M Funding Led by BP Ventures - Founderlabs\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.founderlabs.in\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/images-8.jpeg\",\"datePublished\":\"2024-12-16T01:05:43+00:00\",\"dateModified\":\"2025-01-10T06:01:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/#\\\/schema\\\/person\\\/fcca133e92ea2eba81569a4e690a9b38\"},\"description\":\"ZingBus secures funding to expand its operations and enhance travel services across India Led by BP Ventures\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087#primaryimage\",\"url\":\"https:\\\/\\\/www.founderlabs.in\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/images-8.jpeg\",\"contentUrl\":\"https:\\\/\\\/www.founderlabs.in\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/images-8.jpeg\",\"width\":300,\"height\":168,\"caption\":\"zingbus\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=4087#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.founderlabs.in\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ZingBus Secures $7M Funding Led by BP Ventures\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/#website\",\"url\":\"https:\\\/\\\/www.founderlabs.in\\\/\",\"name\":\"Founderlabs\",\"description\":\"Stories about founders, startups &amp; entrepreneurship\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.founderlabs.in\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/#\\\/schema\\\/person\\\/fcca133e92ea2eba81569a4e690a9b38\",\"name\":\"Swati Mandal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/18a4923fa7290c0262cac45b85620d8d38a24b816254e0940d90c9cb4311c1b2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/18a4923fa7290c0262cac45b85620d8d38a24b816254e0940d90c9cb4311c1b2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/18a4923fa7290c0262cac45b85620d8d38a24b816254e0940d90c9cb4311c1b2?s=96&d=mm&r=g\",\"caption\":\"Swati Mandal\"},\"sameAs\":[\"http:\\\/\\\/www.founderlabs.in\\\/\"],\"url\":\"https:\\\/\\\/www.founderlabs.in\\\/?author=7\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ZingBus Secures $7M Funding Led by BP Ventures - Founderlabs","description":"ZingBus secures funding to expand its operations and enhance travel services across India Led by BP Ventures","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.founderlabs.in\/?p=4087","og_locale":"en_US","og_type":"article","og_title":"ZingBus Secures $7M Funding Led by BP Ventures","og_description":"ZingBus secures funding to expand its operations and enhance travel services across India Led by BP Ventures","og_url":"https:\/\/www.founderlabs.in\/?p=4087","og_site_name":"Founderlabs","article_publisher":"https:\/\/www.facebook.com\/founderlabsindia","article_published_time":"2024-12-16T01:05:43+00:00","article_modified_time":"2025-01-10T06:01:39+00:00","og_image":[{"width":300,"height":168,"url":"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2024\/12\/images-8.jpeg","type":"image\/jpeg"}],"author":"Swati Mandal","twitter_card":"summary_large_image","twitter_creator":"@founderlabs_ind","twitter_site":"@founderlabs_ind","twitter_misc":{"Written by":"Swati Mandal","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.founderlabs.in\/?p=4087#article","isPartOf":{"@id":"https:\/\/www.founderlabs.in\/?p=4087"},"author":{"name":"Swati Mandal","@id":"https:\/\/www.founderlabs.in\/#\/schema\/person\/fcca133e92ea2eba81569a4e690a9b38"},"headline":"ZingBus Secures $7M Funding Led by BP Ventures","datePublished":"2024-12-16T01:05:43+00:00","dateModified":"2025-01-10T06:01:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.founderlabs.in\/?p=4087"},"wordCount":491,"image":{"@id":"https:\/\/www.founderlabs.in\/?p=4087#primaryimage"},"thumbnailUrl":"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2024\/12\/images-8.jpeg","keywords":["BP Ventures","IE Ventures","Info Edge","intercity mobility startup","ZingBus expansion","ZingBus funding","ZingBus valuation"],"articleSection":["Top news"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.founderlabs.in\/?p=4087","url":"https:\/\/www.founderlabs.in\/?p=4087","name":"ZingBus Secures $7M Funding Led by BP Ventures - Founderlabs","isPartOf":{"@id":"https:\/\/www.founderlabs.in\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.founderlabs.in\/?p=4087#primaryimage"},"image":{"@id":"https:\/\/www.founderlabs.in\/?p=4087#primaryimage"},"thumbnailUrl":"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2024\/12\/images-8.jpeg","datePublished":"2024-12-16T01:05:43+00:00","dateModified":"2025-01-10T06:01:39+00:00","author":{"@id":"https:\/\/www.founderlabs.in\/#\/schema\/person\/fcca133e92ea2eba81569a4e690a9b38"},"description":"ZingBus secures funding to expand its operations and enhance travel services across India Led by BP Ventures","breadcrumb":{"@id":"https:\/\/www.founderlabs.in\/?p=4087#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.founderlabs.in\/?p=4087"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.founderlabs.in\/?p=4087#primaryimage","url":"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2024\/12\/images-8.jpeg","contentUrl":"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2024\/12\/images-8.jpeg","width":300,"height":168,"caption":"zingbus"},{"@type":"BreadcrumbList","@id":"https:\/\/www.founderlabs.in\/?p=4087#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.founderlabs.in\/"},{"@type":"ListItem","position":2,"name":"ZingBus Secures $7M Funding Led by BP Ventures"}]},{"@type":"WebSite","@id":"https:\/\/www.founderlabs.in\/#website","url":"https:\/\/www.founderlabs.in\/","name":"Founderlabs","description":"Stories about founders, startups &amp; entrepreneurship","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.founderlabs.in\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.founderlabs.in\/#\/schema\/person\/fcca133e92ea2eba81569a4e690a9b38","name":"Swati Mandal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/18a4923fa7290c0262cac45b85620d8d38a24b816254e0940d90c9cb4311c1b2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/18a4923fa7290c0262cac45b85620d8d38a24b816254e0940d90c9cb4311c1b2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/18a4923fa7290c0262cac45b85620d8d38a24b816254e0940d90c9cb4311c1b2?s=96&d=mm&r=g","caption":"Swati Mandal"},"sameAs":["http:\/\/www.founderlabs.in\/"],"url":"https:\/\/www.founderlabs.in\/?author=7"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=\/wp\/v2\/posts\/4087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4087"}],"version-history":[{"count":1,"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=\/wp\/v2\/posts\/4087\/revisions"}],"predecessor-version":[{"id":4089,"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=\/wp\/v2\/posts\/4087\/revisions\/4089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=\/wp\/v2\/media\/4088"}],"wp:attachment":[{"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.founderlabs.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}