About iBUS
iBUS is a Telecommunications company based in Bengaluru (India) founded in 2010 by Subash Vasudevan and Sunil Menon, and was acquired by NIIF in February 2024. Provider of digital infrastructure and connectivity solutions for businesses and institutions. iBUS has raised $141.06 million across 9 funding rounds from investors including Morgan Stanley, International Finance Corporation and Manipal Group. The company has 220 employees. iBUS has completed 5 acquisitions, including FireFly Networks, Microsense and Microsense India. iBUS was last valued at $158.14 million in March 2024. Its chief executive, as recorded, is Ram Sellaratnam. Its website ibusglobal.com draws about 12 thousand monthly visits. Its Indian entity Ibus Technologies Private Limited reported revenue of ₹28.52 Cr. iBUS offers products and services including Mobility, Managed Wi-Fi, and iBOS. Its focus areas include Telecom, Telecom Infrastructure Tech, Core Network and Equipment.
Company details
iBUS was founded in 2010 in Bengaluru, India, and operates within the digital infrastructure sector. Connectivity solutions are offered, including 5G-ready in-building systems for IoT integration across sectors, managed Wi-Fi services for various clients, AI-driven intelligent building operating systems to enhance efficiency, and GDPR-compliant data intelligence for customer insights. Networking enhancements are targeted at institutional and business users globally.
- Headquarters Bengaluru, India
- Employees 220
- Founders Subash Vasudevan, Sunil Menon
- Stage Acquired
- SectorsTelecommunications
- Email••••••••
- Phone•••• ••••
- Website ibusglobal.com
- Social LinkedIn X Instagram
- Acquired by NIIF (Feb 2024)
- Legal Name Ibus Technologies Private Limited
- Date of Incorporation 17 Apr, 2017
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹28.52 Cr
FY 2026 · +23% YoY
- Net Loss-₹17.95 Cr
FY 2026 · -64% margin
- EBITDA₹1.73 Cr
FY 2026 · 6% margin
- Total Equity Funding$141.06M (USD)
in 9 rounds
- Latest Funding Round$34M (USD), Series C
Sep 2024
- InvestorsMorgan Stanley
& 36 more
- Employee Count220
- Investments & AcquisitionsFireFly Networks
& 4 more
- Acquired byNIIF
(Feb 2024)
Associated legal entities of iBUS
iBUS is associated with 6 registered companies on The Company Check; the primary company is Ibus Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ibus Technologies Private Limited CIN U74999TN2017PTC184519 | Active | 17 Apr 2017 | Chennai, Tamil Nadu | ₹28.5 Cr | 220 | 3 | View details |
| Ibus Technologies Private Limited CIN U74999KA2017PTC102312 | 17 Apr 2017 | Bangalore, Karnataka, India | View details | ||||
| Ibus Virtual Network Services Private Limited CIN U64204KA2019PTC120246 | Active | 10 Jan 2019 | Bangalore, Karnataka, India | View details | |||
| Ibus Network And Infrastructure Private Limited CIN U74900KA2010PTC056368 | Active | 28 Dec 2010 | Bangalore, Karnataka, India | View details | |||
| Ibus Virtual Network Services Private Limited CIN U64204TN2019PTC184523 | Active | 10 Jan 2019 | Chennai, Tamil Nadu | ₹14.9 Cr | 7 | 3 | View details |
| Ibus Network And Infrastructure Private Limited CIN U74900TN2010PTC184840 | Active | 28 Dec 2010 | Chennai, Tamil Nadu | ₹314 Cr | 93 | 7 | View details |
Products & Services of iBUS
iBUS offers a comprehensive portfolio of products and services, including Mobility, Managed Wi-Fi, and iBOS.
Delivers mobile network solutions for enhanced building coverage.
Offers fast and secure Wi-Fi management for various environments.
Provides intelligent building operating systems for efficient operations.
Funding Insights of iBUS
iBUS has successfully raised a total of $141.06M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $34 million completed in September 2024. 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 $141.06M
- Total Rounds 9
- Last Round Series C — $34M
- First Round $78,558
(Jun 2015)
- Investors Count 37
All 9 funding rounds of iBUS with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $34M | Series C | – | IFC | – |
| Mar 2024 | $65.96M | Series C | $158.14M | NIIF | – |
| Jul 2022 | $15.65M | Series B | $52.98M | Nomura | |
| Apr 2021 | $21M | Series B | $••••• | Morgan Stanley | – |
| Mar 2020 | $663,745 | Series A | $••••• | Vallabh Bhansali | |
| Mar 2019 | $1.13M | Series A | $••••• | Vallabh Bhansali | |
| Aug 2017 | $311,648 | Series A | $••••• | N-Squared Growth Capital | – |
| Dec 2015 | $2.26M | Series A | $••••• | N-Squared Growth Capital | |
| Jun 2015 | $78,558 | Seed | $••••• | Cipher-Plexus | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $158.14M | •••••••• |
| Jul 2022 | $52.98M | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Mar 2020 | $••••• | •••••••• |
| Mar 2019 | $••••• | •••••••• |
| Aug 2017 | $••••• | •••••••• |
| Dec 2015 | $••••• | •••••••• |
| Jun 2015 | $••••• | •••••••• |
Full valuation and stage history of iBUS
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $158.14M (Mar 2024). 37 investors in total: 11 institutional and 26 angel.
Investors in iBUS
iBUS has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Morgan Stanley, International Finance Corporation and Manipal Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
Private equity, infrastructure, and funds on funds focused on multiple sectors | 2015 | niifindia.in | Mumbai, India | |
Multiple sectors are invested in by the private equity firm. | Delhi, India | |||
PE firm investing in the US & Canada | nsquaredgc.com | New York, United States | ||
Diversified asset management services are offered globally by the firm. | 1925 | nomura.com | Chuo City, Japan | |
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Education, healthcare, insurance, and research services are provided globally. | 1993 | manipalgroup.com | Bengaluru, India | |
Corporate and M&A advisory services are offered across multiple sectors. | cipherplexus.in | Mumbai, India |
Investor details for iBUS
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ibus Technologies Private Limited (iBUS)
Ibus Technologies Private Limited is the primary company behind iBUS. The boards of the 3 registered companies of iBUS currently have 7 directors; the longest-serving is Sunil Menon, appointed in 2019. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunil Menon DIN 03324763 | Director | 10 Jan 2019 | 7 yrs 9 mo | Ibus Virtual Network Services Private Limited, Ibus Technologies Private Limited, Ibus Network And Infrastructure Private Limited |
| Ramarathinam Sellaratnam DIN 07174746 | Director | 10 Jan 2019 | 7 yrs 9 mo | Ibus Virtual Network Services Private Limited, Ibus Technologies Private Limited, Ibus Network And Infrastructure Private Limited |
| Subash Vasudevan DIN 02957684 | Director | 05 Dec 2019 | 6 yrs 11 mo | Ibus Virtual Network Services Private Limited, Ibus Technologies Private Limited, Ibus Network And Infrastructure Private Limited |
| Vinod Premchand Giri DIN 02632824 | Nominee Director | 28 Mar 2024 | 2 yrs 7 mo | Ibus Network And Infrastructure Private Limited |
| Puneet Rustagi DIN 07083960 | Nominee Director | 28 Mar 2024 | 2 yrs 7 mo | Ibus Network And Infrastructure Private Limited |
| Ulisha Singh DIN 10869623 | Nominee Director | 30 Dec 2024 | 1 yr 10 mo | Ibus Network And Infrastructure Private Limited |
| Inderpal Singh Bajaj DIN 10869663 | Nominee Director | 01 Jan 2025 | 1 yr 10 mo | Ibus Network And Infrastructure Private Limited |
People of iBUS
4 people are tracked at iBUS (4 in leadership); the tracked headcount is 220.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CBO | Leadership | |
| Co-Founder & CTO | Leadership | |
Ram Sellaratnam | CEO & Managing Director | Leadership |
Gd Singh | CEO | Leadership |
Complete people profiles for iBUS
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of iBUS
Figures of Ibus Technologies Private Limited, the primary company behind iBUS, for FY 2026. Revenue was ₹28.52 Cr (+23% year on year). Net loss was -₹17.95 Cr (-64% margin). EBITDA was ₹1.73 Cr (6% margin). Revenue has grown at a compounded annual rate of +28% over three years and +97% over five years.
- ₹28.52 CrRevenue · FY 2026 · +23% YoY
- -₹17.95 CrNet loss · -64% margin
- ₹1.73 CrEBITDA · 6% margin
- ₹1 LakhPaid-up capital
- 220Employees (provident fund records)
- +28%Revenue CAGR, 3 years
- +97%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ibus Technologies Private Limited are on its company page.
Detailed financial statements for iBUS
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by iBUS
iBUS has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include FireFly Networks, Microsense and Microsense India.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
WiFi internet and mobile connectivity services are provided to businesses. | fireflynetworks.co.in | Delhi, India | 2014 | Jan 2025 | •••• | |
Provider of fibre optic network infrastructure services | Delhi, India | 2018 | Aug 2023 | •••• | ||
Managed Wi-Fi solutions are provided for the hospitality industry by Microsense. | microsensenetworks.com | Collegeville, United States | 2013 | Jan 2023 | •••• | |
Software development services are provided by Microsense Networks. | microsenseindia.com | Collegeville, United States | 1982 | Jan 2023 | •••• | |
Carrier-neutral communication infrastructure is owned, built, managed, and licensed. | ubico.in | Gurugram, India | 2007 | Apr 2021 | $13.35M |
Complete acquisition details for iBUS
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of iBUS
10 dated milestones of iBUS across 15 years, from founding to its latest funding, stage changes and deals.
- Founded iBUS is founded.
- Funding First funding round of $79K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Ubico Networks.
- Acquisition Acquires Microsense.
- Acquisition Acquires Microsense India.
- Acquisition Acquires Sheltera Construction Intl.
- Exit Acquired by NIIF.
- Funding Latest funding round, Series C, of $34.0M.
- Acquisition Acquires FireFly Networks.
Web traffic of iBUS
The website of iBUS (ibusglobal.com) receives about 12.4K visits a month.
- Monthly visits12.4K
▲ 265.1% vs previous month
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Ibus
Complete news archive for iBUS
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about iBUS
iBUS was founded in 2010 and raised its 1st funding round 5 years after it was founded.
iBUS is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ram Sellaratnam is the CEO of iBUS, as recorded in our data.
iBUS is a funded company, having raised a total of $141.06M across 9 funding rounds to date. The company's 1st funding round was a Seed of $78.56K, raised on Jun 2015.
iBUS has 220 employees.
The primary company behind iBUS, Ibus Technologies Private Limited, reported revenue of ₹28.52 Cr for FY 2026, up 23% year on year.
iBUS was founded in 2010 in Bengaluru, India, and operates within the digital infrastructure sector. Connectivity solutions are offered, including 5G-ready in-building systems for IoT integration across sectors, managed Wi-Fi services for various clients, AI-driven intelligent building operating systems to enhance efficiency, and GDPR-compliant data intelligence for customer insights. Networking enhancements are targeted at institutional and business users globally.
iBUS offers Mobility, Managed Wi-Fi, and iBOS.
iBUS has made 5 acquisitions, including FireFly Networks, Microsense, and Microsense India.
iBUS has 37 investors. Key investors include Morgan Stanley, International Finance Corporation, Manipal Group, Nomura, and NIIF.
The valuation of iBUS is $158.14M as of Mar 2024.
iBUS is associated with 3 legal entities: Ibus Technologies Private Limited, Ibus Virtual Network Services Private Limited, Ibus Network And Infrastructure Private Limited.