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Ticketgoose.com expects 2nd round of funding

Source : BUSINESS_STANDARD
Last Updated: Fri, Dec 14, 2012 02:50 hrs

Ticketgoose.com, an online bus booking player, is expecting to close its second round of funding to the tune of Rs 25 crore by mid 2013. It closed the first round of funding of about Rs 4 crore in August this year from US-based select angel investors.

According to the web portal's founder and chief executive officer Arun Athiappan, bus travel in India will grow three-fold to Rs 45,000 crore by 2015 from the current level of Rs 15,000 crore. Online bus booking, which accounts for Rs 1,500 crore at present, is also registering a year-on-year growth rate of 30 per cent.

Athiappan told mediapersons here on Thursday the company had started operations in Tier II cities across south and west India. These included Visakhapatnam and Vijayawada in Andhra Pradesh.



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