The acquisition includes the YoloBus brand, its technology, team, running business and data expertise.
will leverage YoloBus’ full-stack, technology-enabled platform to offer an enhanced and superior bus travel experience with safe, clean, comfortable and connected buses for seamless intercity travel, according to a statement released on Thursday.
“We are confident that YoloBus’ tech-backed mobility solutions will be a huge draw for travellers and will further strengthen EaseMyTrip’s position in the segment,” EaseMyTrip’s cofounder Rikant Pittie said.
YoloBus had last year received Series A funding at a valuation of Rs 84 crore, from marquee investors like Nexus Venture Partners and India Quotient. It runs on a mobility template taking care of the operational side of the business, including scheduling of buses, ticketing, customer service, and network planning. Over 3 lakh customers have travelled using its platform across 250-plus routes, connecting major Tier-I cities to Tier II and III cities.
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With inputs from PTI.
