InvestorQ : Can you tell me about the start-up firm Yolobus and why it has raised venture funding?
manisha Kolvenkar made post

Can you tell me about the start-up firm Yolobus and why it has raised venture funding?

Answer
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Mahima Roy answered.
3 months ago


Yolobus, a start-up based out of Gurugram, has raised $3.3 million in Series-A round of funding with the led by Nexus Venture Partners and India Quotient. Yolobus will use this fund infusion to expand its service offerings in India. Yolobus offers an intercity full-stack bus facility and has also moved 100,000 customers and has travelled more than 1.5 million kms. Yolobus has now also expanded to the North East region. It will be more of an app based bus services and will combine the benefits of an economical service like the bus and offer safety and comfort like an UBER taxi. As of now the services are shut due to COVID-19 but when it resumes, Yolobus will continue to make bus travelling experience safe and enjoyable. Passenger will be checked with infra-red temperature measuring guns before boarding. Customers can choose whether or not to board the bus based on real time data like the temperature of the bus crew members before boarding. Yolobus will also introduce a sanitization tunnel for each passenger before boarding to contain the spread of Coronavirus.