EaseMyTrip Acquires YoloBus for Undisclosed Amount to Expand Non-Air Business

EaseMyTrip will leverage YoloBus' full-stack technology-enabled platform to offer an enhanced and superior bus travel experience.

By Press Trust of India | Updated: 16 December 2021 16:42 IST

Photo Credit: EaseMyTrip

EaseMyTrip has acquired YoloBus, its technology, team, business and expertise, the company stated

Highlights

YoloBus raised Series-A funding, at a valuation of Rs. 84 crore in 2020
The company will leverage YoloBus' full-stack technology-enabled platform
The technology helps with bus scheduling, ticketing, and customer service

Online travel platform EaseMyTrip on Thursday said it is acquiring YoloBus, a next-generation premium intercity mobility platform, for an undisclosed amount to expand its non-air business.
The acquisition includes the brand name of YoloBus, its technology, team, running business and data expertise, the company said in a statement.

EaseMyTrip will leverage YoloBus' full-stack technology-enabled platform to offer an enhanced and superior bus travel experience with safe, clean, comfortable and connected buses for seamless intercity travel, it added.

Commenting on the acquisition, EaseMyTrip co-founder Rikant Pittie said, "Tech-enabled bus mobility is the future, and we are expecting to witness a phenomenal growth in the coming period".

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Stating that YoloBus has carved a niche for itself in the mobility sector, he said, "We are confident that its tech-backed mobility solutions will be a huge draw for travellers and will further strengthen EaseMyTrip's position in the segment".

Last year, YoloBus had raised Series-A funding, at a valuation of Rs 84 crore, from marquee investors like Nexus Venture Partners and India Quotient.

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It runs on a mobility template taking care of the operational side of the business, including scheduling of buses, ticketing, customer service, and network planning. Over three lakh customers have travelled using its platform across 250 plus routes, connecting major tier-I cities to tier II and III cities.

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