TicketGoose.com to raise more funds

The bus ticketing portal, plans to raise Rs. 75 crore to Rs. 100 crore by June this year.

Updated - May 13, 2016 11:32 am IST

Published - January 22, 2014 08:40 pm IST - COIMBATORE:

TicketGoose.com, a bus ticketing portal, plans to raise Rs. 75 crore to Rs. 100 crore by June this year.

Company President and Co-founder Karthi Easwaramoorthy told The Hindu here on Wednesday that the company was talking to investors. “The funds will come through venture capitalists mainly,” he said. It raised Rs. 25 crore from Indventure LLC in 2013-2014. TicketGoose.com has invested Rs. 40 crore so far, with 40 per cent of the money being used for information technology (IT) infrastructure.

The company had so far focused on the product and technology, and it will now build its brand. The funds to be raised would be used mainly for brand-building. The company is looking at Rs. 120 crore turnover in 2013-2014 and nearly 20 lakh tickets booked through its portal. Last year, the company’s turnover was Rs. 47 crore and 7.83 lakh tickets were booked through its portal.

It launched mobile applications for Android and iOS a month ago. The mobile applicationoffers GPS and bus tracking services .

The company would continue to focus on bus ticketing as the potential was huge, he said. It had tied up with 700 plus operators and plans to double it to 1500 by the end of next year, he added.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.