India’s leading online bus-booking player Ticketgoose.com has announced that it has started operations in two-tier cities across South and West India. These would include Vishakapattinam and Vijayawada in Andhra Pradesh. The company projected that considering the exponential growth of online bus-booking space within the growing market for bus travel, it is looking at aggressive growth and expansion in the coming months across all its areas of operations. To fuel this, the company 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 to the tune of Rs 4 crore in August 2012 from select angel investors in USA.
Speaking to the media, Arun Athiappan, Founder & CEO, Ticketgoose.com, said, "There is an immense opportunity in the online bus-booking space as increasing air fares, better roads and higher quality of buses (particularly global brands like Volvo and Mercedes Benz) have led to spurt in the growth of bus travel across India which is likely to grow three-fold in the next three years. Bus travel also interestingly is no longer the option of the affordable. Growing internet penetration, higher sales of smart phones and lower cost of internet access on the other hand means there are more consumers willing to book online. This is an inflection point for the space and that is why we are investing and growing aggressively."
According to Vasu Ramasamy, Co-founder & COO, Ticketgoose.com, "Within India, South India has two to three of the most profitable and busy bus corridors within the top five in India and interestingly Hyderabad figures in these. The awareness and penetration of online bus booking is also higher in the south and that is why you would see all the leading players being founded here, growing here and routes being well covered."