No stops for the bus - TicketGoose.com announces 2nd round funding

Interestingly, it had been reported way back in December 2012 that TicketGoose was aiming to raise its 2^nd round at INR 25cr by mid 2013. While the current deal does fall short of that figure by ~INR 7cr, it definitely increases interest in what is a huge potential market. The total value of bus tickets sold annually is estimated at between 30,000 – 40,000cr, of which only 5-10% is currently done online.

TicketGoose plans to use the fresh capital to improve customer experience through spruced up technology and more value-added services, while expanding geographically. TicketGoose has 130 employees at its offices in Chennai, Bangalore and Hyderabad. The company is looking to clock a turnover of INR 100cr in the current financial year, which is about a sixth of what RedBus reported as gross value of transactions for the last fiscal. But when over 90% of the market is potentially up for grabs as more transactions move online, it could still be anyone’s game to win.