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
***********
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Phone
*********
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Website
*********
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Social
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- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 9
- Last Round Series C — $34.0M
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First Round
First Round
(29 Jun 2015)
- Investors Count 37
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series C - iBUS | Valuation | IFC |
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| Mar, 2024 | Amount | Series C - iBUS | Valuation | NIIF |
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| Jul, 2022 | Amount | Series B - iBUS | Valuation | Nomura |
| 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 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. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Private equity, infrastructure, and funds on funds focused on multiple sectors
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the private equity firm.
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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 iBUS
iBUS has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include FireFly Networks, Microsense and Microsense India. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of fibre optic network infrastructure services
|
2018 | ||||
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WiFi internet and mobile connectivity services are provided to businesses.
|
2014 | ||||
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Managed Wi-Fi solutions are provided for the hospitality industry by Microsense.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - iBUS
| 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 |
Ibus Comparisons
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. 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways.
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| domain | founded_year | HQ Location |
App for quickly connecting to wifi hotspots without a password
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| domain | founded_year | HQ Location |
Wireless WiFi internet services are provided to users worldwide.
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| domain | founded_year | HQ Location |
Networking devices and accessories are manufactured for various users.
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| domain | founded_year | HQ Location |
Crowdsourced Wi-Fi hotspots are accessed via mobile app without passwords.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ibus
Frequently Asked Questions about iBUS
When was iBUS founded?
iBUS was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is iBUS located?
iBUS is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of iBUS?
Ram Sellaratnam is the current CEO of iBUS.
Is iBUS a funded company?
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 Series B of $15.65M, raised on Jun 29, 2015.
How many employees does iBUS have?
As of Apr 08, 2024, the latest employee count at iBUS is 220.
What is the annual revenue of iBUS?
Annual revenue of iBUS is $1.64M as on Mar 31, 2023.
What does iBUS do?
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.
Who are the top competitors of iBUS?
iBUS's top competitors include Helium, Boingo Wireless and TP-Link.
What products or services does iBUS offer?
iBUS offers Mobility, Managed Wi-Fi, and iBOS.
How many acquisitions has iBUS made?
iBUS has made 5 acquisitions, including FireFly Networks, Microsense, and Microsense India.
Who are iBUS's investors?
iBUS has 37 investors. Key investors include Morgan Stanley, International Finance Corporation, Manipal Group, Nomura, and NIIF.
What is iBUS's valuation?
The valuation of iBUS is $158.14M as of Mar 2024.
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