IntrCity SmartBus, a technology-enabled intercity bus network platform, has secured ₹250 crore in a Series D funding round led by venture capital firm A91 Partners. The company plans to use the funds to enhance customer experience, upgrade its fleet management technology, and expand its reach into Tier II and Tier III cities. It is also targeting a turnover of ₹1000 crore by next year while aiming to double its fleet size.
“IntrCity SmartBus continues to scale up organically and profitably and is projected to maintain its 50 per cent year-over-year growth this year,” said Kapil Raizada, co-founder and president of IntrCity SmartBus. “This new capital enables us to further double down on our vision to transform the bus travel landscape in India and expand our network to more Tier II and Tier III cities.”
IntrCity SmartBus operates as an asset-less network, offering safe and standardised long-distance travel options across more than 630 routes in 15 states. Its sister brand, RailYatri, serves over 12 million users monthly by providing a seamless train booking experience and detailed trip insights.
Manish Rathi, co-founder and chief executive officer of IntrCity SmartBus, stated, “The investment will be used to further raise the bar on customer satisfaction, operational excellence and service expansion. This investment will also help our operator partners to grow and monetise their asset portfolio faster with us.”
The company’s strong technology foundation drives much of its success. IntrCity has developed proprietary digital tools such as an operator dashboard, crew app, and IoT-enabled fleet analytics system. These tools support real-time tracking, route optimisation, and centralised journey monitoring. Features like automated luggage management and predictive maintenance further improve efficiency and reliability.
“They have built a trusted, pan-India brand through exceptional quality, consistency and customer service,” said Gautam Mago, general partner at A91 Partners. “This provides a platform to build a category-defining leader in intercity mobility. We look forward to working with them to grow the company to even greater heights.”
India’s intercity travel market, valued at $66 billion in FY20, remains largely untapped by organised operators. According to a report by IntrCity SmartBus and consulting firm 1Lattice, the outstation bus segment accounted for about $30.3 billion and is projected to grow at a rate of 10 to 13 per cent between FY20 and FY25.
Raizada highlighted the need for better bus infrastructure in India, noting that despite improved vehicles and connectivity, inadequate bus terminals remain a major challenge. “If taxpayer money can fund airports, it should also fund bus ports,” he said, adding that cleaner facilities and better amenities are vital to make bus travel more appealing.
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