Ticketgoose.com, a online bus ticketing portal announced that it has received Rs. 3 Crore funding from investors in US. Currently operational only in Southern India, Ticketgoose.com is a 5 year old online portal having bus booking facility to more than 4500 destinations in South India and currently has over more than 350 bus travel partners. They have a strong presence in Tier II cities of Tamil Nadu
In the press release sent to us, TicketGoose has mentioned that with this funding, their overall valuation is close to USD 7 Million (approx. Rs. 38 Crore). Funds raised will be used to consolidate its position in B2B market space and aggressively acquire customers for its B2C platform.
Redbus.in, another bus booking service, which launched after Ticketgoose has grown tremendously over past 3 years and recently announced that it has completed a whooping 1 crore bus ticket bookings. In an interview with Techcircle had mentioned that Bus Ticketing space has tremendous scope for growth.
Even with players like Redbus, Ticketgoose and few others, the bus ticket booking sector in India is highly fragmented and unorganized in India. There are tremendous growth opportunities available, which Ticketgoose hopes to exploit with help of their funding.
Arun Athiappan Co-Founder and CEO, TicketGoose.com, commented – “The funding will enable us to strengthen and expand our technical infrastructure and to launch innovative features which will add a lot of value to the online booking experience of our customers. The enhancements will address the pain points of online booking experienced by users on any bus ticket booking website. Once we roll out our next version, tentatively scheduled for October, we believe our customers will have the best in class experience while booking online bus tickets which will be significant differentiator with regards to competition. We value our customers’ time very much and aim to provide them a very convenient way to book their bus tickets through a host of differentiated features.”
Ticketgoose has not mentioned if they are planning to go pan-India. However, given the funding amount, it looks like currently they want to concentrate on South Indian market and then probably move to different cities in India.