Online journey platform EaseMyTrip on Thursday mentioned it’s buying YoloBus, a next-generation premium intercity mobility platform, for an undisclosed quantity to develop its non-air enterprise.
The acquisition contains the model identify of YoloBus, its know-how, staff, operating enterprise and knowledge experience, the corporate mentioned in an announcement.
EaseMyTrip will leverage YoloBus’ full-stack technology-enabled platform to supply an enhanced and superior bus journey expertise with secure, clear, comfy and linked buses for seamless intercity journey, it added.
Commenting on the acquisition, EaseMyTrip co-founder Rikant Pittie mentioned, “Tech-enabled bus mobility is the future, and we are expecting to witness a phenomenal growth in the coming period”.
Stating that YoloBus has carved a distinct segment for itself within the mobility sector, he mentioned, “We are confident that its tech-backed mobility solutions will be a huge draw for travellers and will further strengthen EaseMyTrip’s position in the segment”.
Last 12 months, YoloBus had raised Series-A funding, at a valuation of Rs 84 crore, from marquee buyers like Nexus Venture Partners and India Quotient.
It runs on a mobility template taking good care of the operational aspect 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.
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