IntrCity SmartBus targets Rs 1000 Cr revenue by 2027
The inter-city bus network platform reported its second consecutive profitable year and clocked a 70% YoY revenue growth in FY25.
Tech-enabled inter-city bus network platform IntrCity SmartBus is planning to clock in Rs 1,000 crore in annual revenue by 2027.
The company plans to induct 500 more SmartBus vehicles onto its fleet in the next two years, servicing close to 1 million travellers every month, said IntrCity SmartBus.
The Blume Ventures-backed firm closed FY25 with a 70% year-on-year (YoY) revenue growth. It also clocked in its second consecutive profitable year.
“I have always believed that IntrCity SmartBus’s success runs on two pillars,” said Manish Rathi, Co-founder & CEO, IntrCity SmartBus. “First, the value we deliver to our customers. The complex Indian road and travel conditions require a made-in-India product designed towards safety and hospitality. Second is the tangible benefits and growth opportunities we provide to our operator partners."
Over the past 12 months, the company has added more than 200 new buses onto its platform.
“While the bus industry in India spans three generations, the key challenge traditionally has always been balancing scale with profitability. We believe we are the only player in the industry today to have cracked the code of scaling profitably — using technology, data science, and operational compliance as our core enablers.”
Alongside its SmartBus services, the company also runs RailYatri which services around 14 million monthly users with train travel information.
According to Tracxn, the company competes with RedBus and ixigo’s AbhiBus in the online bus booking segment. The Noida-based company last raised $4.5 million in a Series C round in February last year.
Edited by Swetha Kannan