Abhibus – Startup Story | Founder| Ceo | Funding | History | Competitors


Abhibus
Abhibus
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Introduction:

AbhiBus is an Indian on line bus ticketing platform. It affords cease-to-cease software program and different price brought answers for the Bus Transport Industry. It has workplaces in Bangalore, Chennai, Hyderabad and Mumbai.

Website : https://www.abhibus.com/

About:

AbhiBus, over the years, has strived to supply clean reserving answers to its customers. Our persisted efforts have resulted into AbhiBus turning into one of the main ticketing systems in India for diverse Bus offerings. We have a robust presence with a price price tag stock from over 2500 bus companions and a hundred thousand course alternatives our app and internet site.

Founded withinside the 12 months 2008, AbhiBus is a pioneer in imparting cease-to-cease software program and different price-brought answers consisting of e-ticketing systems, fleet control answers, automobile monitoring systems, passenger records systems, logistics control sponsored with the aid of using a 24×7 customer service center.

The organization additionally affords generation answers to greater than three hundred massive non-public bus companions in India, five nation shipping groups and a couple of global bus companions.

Our ever-increasing offerings now additionally consist of Hotels and Rentals for buses. With an array of merchandise lined, we purpose to continuously introduce such cheap and primary in enterprise consumer centric answers to the marketplace. Today, AbhiBus is likewise the favored Information Technology Partner for State Transport Corporations and Private Bus Fleet Bus Partners. AbhiBus is an ISO 9001:2008 licensed organization.

The concept of growing a bus control software program become conceived with the aid of using Sudhakar after he encountered problems in reserving bus tickets at some stage in the festive season and the fluctuations in price price tag charges on specific weekdays.

AbhiBus normally targeted on supplying the bus operators a SaaS product at some stage in the preliminary years of its inception and entered the B2C marketplace at some stage in November 2012.

Founder & Team:

AbhiBus become commenced with the aid of using Sudhakar Reddy Chirra in 2007 with the purpose of bringing the inventories of bus operators on line. At that time, retailers had been the most effective supply withinside the marketplace for purchasers to ee-e book bus tickets and irregularities in bookings ended in a couple of human beings being allocated the equal seat.

History:

2008 – 2009:

  • AbhiBus commenced as a patron logo in Andhra Pradesh & West Bengal with its evolutionary e-ticketing machine for non-public bus companions. Despite dealing with demanding situations of offline stock, AbhiBus advanced its first non-non-public logistical answers product for UPSRTC.

2010 – 2011:

  • Bags Neeta Travels- biggest tour bus accomplice. Deployed logistics answers for logistics majors.
  • Also begin growing Vehicle Tracking System.Bags APSRTC and RSRTC to offer e ticketing systems.Crossed a hundred personnel and installation 24×7 customer service.

2012 – 2013:

  • AbhiBus re-launches with a brand new patron internet site and UI. Also efficiently luggage Uttarakhand SRTC and Tamil Nadu SRTC. With stock of over 2 crore seats to provide in keeping with day, AbhiBus have become India’s largest ticketing project.

2014 – 2015:

  • APSRTC appoints AbhiBus as a B2C franchisee. With this, AbhiBus can provide 850000 seats in keeping with day.
  • AbhiCash, AbhiBus’s very own pockets, released. First bus ticketing organization to offer pockets to its customers.

2016 – 2017:

  • Mahesh Babu turns into the face of AbhiBus.
  • AbhiBus additionally luggage AWATAR 2.1 for KSRTC.
  • AbhiBus is RCB’s authentic bus tour accomplice for IPL 2017.
  • Also luggage on line reservation machine for HSRTC.

2018:

  • AbhiBus luggage every other nation shipping client, KSRTC.
  • Mahesh Babu is still the face of platform.

2019:

  • AbhiBus Prime is released, a contributors specific carrier. Rentals carrier is released for systematic on line renting of buses. AbhiBus additionally luggage a agreement with Kerala RTC.

2020:

  • AbhiBus ventures into Train ticketing movements one step nearer toward an surroundings of cheap tour.
  • AbhiBus have become the authentic accomplice for PV Sindhu led Hyderabad Hunters for PBL.
  • AbhiBus luggage agreement with Bihar RTC.

AbhiBus is the authentic ticketing accomplice of numerous State Road Transport Corporation (SRTC) operators, and you could additionally ee-e book tickets in your favorite non-public travels at discounted price price tag charges. Travellers also can ee-e book IRCTC educate tickets with none hassle-loose offerings on AbhiBus.

Revenue:

Online bus ticketing platform AbhiBus, which competes with Goibibo-owned RedBus, crossed ₹seven-hundred crore in annual gross products price (GMV) for the monetary 12 months ended March 2019 (FY19), and in the end broke even withinside the 12 months, in keeping with a pinnacle organization executive.

Funding & Investors:

  • AbhiBus’s present day investment spherical become a Acquired for on August five, 2021.
  • AbhiBus closed its final investment spherical on Oct 1, 2015 from a Series A spherical.
  • AbhiBus has 2 investors. ixigo invested in AbhiBus’s Acquired investment spherical.
  • AbhiBus has four executives. AbhiBus’s modern-day Chief Operating Officer is Rohit Sharma.

Revenue Model:

The sales version is that we fee 12 percentage fee on every price price tag we promote on AbhiBus.com,” provides Sudhakar. AbhiBus to start with outsourced the generation work, however with the cash being pumped in, the crew increased to lease a technical crew.

Services Offered via AbhiBus:

  • Travellers can ee-e book all varieties of bus reserving, from Non-AC buses to Volvo AC buses on AbhiBus.
  • Free Cancellation.
  • Safe-T Bus Partners.
  • Instant Refunds.
  • Lowest Bus Ticket Price Assured.
  • Easy and Quick Bus Booking Online.
  • Exciting Discounts, Cashback & Bus Ticket Booking Offers.
  • 24/7 Customer Assistance.

Awards & Recognition:

There isn’t anyt any information of it.

Competitors:

Top Competitors of AbhiBus –

  • Ticketgoose – $25 Million.
  • Travelyaari – $38 Million.
  • Easybook.com – $13 Million.
  • GotoBus – $179 Million.
  • Goibibo – $38 Million.
  • Busbud – $33 Million.
  • EaseMyTrip – $20 Million.
  • TicketNew – $20 Million.

Latest News:

AbhiBus is in talks to divest 25% stake to elevate $15 million: Online bus ticketing platform AbhiBus is in talks with some mission capital corporations to elevate round $15 million with the aid of using divesting a few 25% stake, valuing the organization at round Rs 450 crore, stated  men and women withinside the realize of the talks.

Future Plans:

In the following 3 years, we’re aiming for a turnover of Rs 1,000 crore. The long-distance bus ticketing enterprise is worth round Rs 40,000 crore annually, of which non-public operators manipulate almost Rs 15,000 crore. We have fingered most effective a small part of this pie. This is why we don’t have any plans to diversify into every other tour mode, consisting of railways or airlines, withinside the close to destiny.

Some FAQs:

What is the which means of AbhiBus?

AbhiBus is the authentic ticketing accomplice of numerous State Road Transport Corporation (SRTC) operators, and you could additionally ee-e book tickets in your favorite non-public travels at discounted price price tag charges. Travellers also can ee-e book IRCTC educate tickets with none hassle-loose offerings on AbhiBus.

How can I get loose trip in AbhiBus?

Share beneath particular referral code together along with your friends > Your buddy installs the AbhiBus App & Signs up the usage of your referral code > Your buddy receives FREE RIDE cut price coupon relevant for his first trip with AbhiBus > After your buddy’s first bus tour, You get Rs. 250 cut price voucher.

Who is the founding father of AbhiBus?

Sudhakar Reddy Chirra.

Can I switch AbhiBus pockets cash to financial institution account?

Non-Promotional/Promotional AbhiCash can not be withdrawn or transferred to financial institution account or different wallets.

How can I refund cash from AbhiBus?

In case the refund quantity isn’t always credited in your account in 7 days from the date of refund, we kindly request you to ship an electronic mail to support@AbhiBus.com at the side of the price price tag information/order information and credit/debit/Wallet statement (in PDF format) from the date of reserving to until date.

Is first trip loose on AbhiBus?

After signing up, you may get your first trip free of charge from AbhiBus.

What is pay with rewards in AbhiBus?

Rs. 250 AbhiBus Cashback can be credited to the user’s AbhiCash pockets publish final touch of journey. Users can redeem an additional five% upto Rs. 25 on their destiny bookings with the Promo Cashback.

Can I cancel one price price tag in  in AbhiBus?

Benefit of Free Cancellation declare is to be had on partial cancellation of tickets booked in a unmarried order. This quantity can be credited into the fee mode selected with the aid of using the consumer. Convenience Fee charged with the aid of using AbhiBus on the time of reserving will now no longer be refunded in any circumstances.

Conclusion:

Last 12 months, AbhiBus published a turnover of almost Rs one hundred forty crore. Our present day endeavour, released in May this 12 months, is called ‘BusMeal’. This is most effective for trips from Hyderabad, for which we’ve got tied up with the famous meals carrier provider, Foodys.

Under this initiative, any passenger who books the price price tag via AbhiBus.com has the choice of reserving a meal from a whole lot of eating places which are serviced with the aid of using Foody’s. The pre-packaged meal is available in leakproof containers, at the side of cutlery and tissues, and is hand-brought to the passenger on the boarding point.


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Disclaimer -We have collected this information from our direct sources, various trustworthy sources on the internet and the facts have been checked manually and verified by our in-house team.