About iBUS
iBUS is a company based in Bengaluru (India) founded in 2010 by Subash Vasudevan and Sunil Menon was acquired by NIIF in February 2024. 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 as of April 08, 2024. iBUS has completed 5 acquisitions, including FireFly Networks, Microsense and Microsense India. iBUS offers products and services including Mobility, Managed Wi-Fi, and iBOS. iBUS operates in a competitive market with competitors including Helium, WiFi, Boingo Wireless, TP-Link and Instabridge, among others.
- Headquarter Bengaluru, India
- Employees 220 as on 08 Apr, 2024
- Founders Subash Vasudevan, Sunil Menon
- Stage Minicorn
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Sectors
Telecommunications
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Ibus Technologies Private Limited
- Date of Incorporation 17 Apr, 2017
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$1.64 M (USD)964.51as on Mar 31, 2023
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Net Profit
-$1.37 M (USD)-250.99as on Mar 31, 2023
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EBITDA
$475.98 K (USD)1088.12as on Mar 31, 2023
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Total Equity Funding
$141.06 M (USD)
in 9 rounds
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Latest Funding Round
$34 M (USD), Series C
Sep 17, 2024
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Investors
Morgan Stanley
& 36 more
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Employee Count
220
as on Apr 08, 2024
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Investments & Acquisitions
FireFly Networks
& 4 more
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Acquired by
NIIF
(Feb 22, 2024)
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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.
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 |
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IFC is focused on private sector development in emerging markets.
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Private equity, infrastructure, and funds on funds focused on multiple sectors
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Multiple sectors are invested in by the private equity firm.
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Investor details for iBUS
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- Investor domains
- Investor locations
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- Participation history
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.
Investment portfolio details for iBUS
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of fibre optic network infrastructure services
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Locked | Locked | 2018 | Locked | |
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WiFi internet and mobile connectivity services are provided to businesses.
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Locked | Locked | 2014 | Locked | |
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Managed Wi-Fi solutions are provided for the hospitality industry by Microsense.
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Locked | Locked | 2013 | Locked |
Complete acquisition details for iBUS
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- Acquired stakes
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- Domains and locations
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Financial Statements - iBUS
Detailed financials for iBUS
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- Profit trends
- Statement rows
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Ibus Comparisons
Peer comparison for iBUS
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of iBUS
iBUS 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 Helium, WiFi, Boingo Wireless, TP-Link and Instabridge, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways.
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App for quickly connecting to wifi hotspots without a password
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Wireless WiFi internet services are provided to users worldwide.
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Networking devices and accessories are manufactured for various users.
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Crowdsourced Wi-Fi hotspots are accessed via mobile app without passwords.
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Detailed competitors of iBUS
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Ibus
Complete news archive for iBUS
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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 current CEO of iBUS.
iBUS is a funded company, having raised a total of $141.06M across 9 funding rounds to date.
As of Apr 08, 2024, the latest employee count at iBUS is 220.
Annual revenue of iBUS is $1.64M as on Mar 31, 2023.
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's top competitors include Helium, Boingo Wireless and TP-Link.
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.