About AbhiBus
AbhiBus is a company based in Hyderabad (India) founded in 2008 by Sasya Chirra and Sudhakar Chirra was acquired by Ixigo in August 2021.. AbhiBus has raised $12.87 million across 3 funding rounds from investors including Paytm, Ixigo and Goldstone Infratech. AbhiBus operates in a competitive market with competitors including MakeMyTrip, Traveloka, Ixigo, Expedia and redBus, among others.
- Headquarter Hyderabad, India
- Founders Sasya Chirra, Sudhakar Chirra
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Abhibus Services (India) Private Limited
- Date of Incorporation 16 Oct, 2008
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$3.52 M (USD)-53.53as on Mar 31, 2021
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Net Profit
$139.12 K (USD)120.4as on Mar 31, 2021
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EBITDA
$592.19 K (USD)387.44as on Mar 31, 2021
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Total Equity Funding
$12.87 M (USD)
in 3 rounds
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Latest Funding Round
$9.12 M (USD), Series A
Nov 06, 2015
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Investors
Paytm
& 7 more
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Employee Count
Employee Count
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Acquired by
Ixigo
(Aug 05, 2021)
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Funding Insights of AbhiBus
AbhiBus has successfully raised a total of $12.87M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9.12 million completed in November 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $9.1M
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First Round
First Round
(11 Dec 2011)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series A - AbhiBus | Valuation | Reema Agarwal | |
| Oct, 2015 | Amount | Series A - AbhiBus | Valuation |
investors |
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| Dec, 2011 | Amount | Series A - AbhiBus | Valuation | Bellamkonda Jagadeesh Kumar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AbhiBus
AbhiBus has secured backing from 8 investors, including institutional and angel investors. Prominent investors backing the company include Paytm, Ixigo and Goldstone Infratech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Manufactures high-quality electric buses for sustainable transportation solutions.
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Founded Year | Domain | Location | |
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Digital payments, financial services, and e-commerce platforms are provided.
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Founded Year | Domain | Location | |
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Online platform providing multiple travel booking services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AbhiBus
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AbhiBus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Abhibus Comparisons
Competitors of AbhiBus
AbhiBus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MakeMyTrip, Traveloka, Ixigo, Expedia and redBus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Online bookings for flights, hotels, and travel packages are facilitated.
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Online platform providing multiple travel booking services
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| domain | founded_year | HQ Location |
Online platform for booking multiple travel services
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| domain | founded_year | HQ Location |
Bus tickets are booked online via portal and mobile app.
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| domain | founded_year | HQ Location |
App-based platform for booking multiple categories of travel services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Abhibus
Frequently Asked Questions about AbhiBus
When was AbhiBus founded?
AbhiBus was founded in 2008 and raised its 1st funding round 3 years after it was founded.
Where is AbhiBus located?
AbhiBus is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of AbhiBus?
Sudhakar Chirra is the current CEO of AbhiBus. They have also founded this company.
Is AbhiBus a funded company?
AbhiBus is a funded company, having raised a total of $12.87M across 3 funding rounds to date. The company's 1st funding round was a Series A of $3.75M, raised on Dec 11, 2011.
What is the annual revenue of AbhiBus?
Annual revenue of AbhiBus is $3.52M as on Mar 31, 2021.
What does AbhiBus do?
AbhiBus was founded in 2008 and is headquartered in Hyderabad, India. The platform operates in the travel sector, where bus, train, and hotel bookings are facilitated through aggregation of operators and properties. Services include comparison tools for users, real-time bus tracking, and multiple payment methods. Operations focus on enabling seamless access to transportation and lodging options across India.
Who are the top competitors of AbhiBus?
AbhiBus's top competitors include MakeMyTrip, Ixigo and Traveloka.
Who are AbhiBus's investors?
AbhiBus has 8 investors. Key investors include Paytm, Ixigo, Goldstone Infratech, Reema Agarwal, and Alturi Naga Deepthi.