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BP Ventures Propels Zingbus Forward with USD 9 Million Infusion

Three men in matching black polo shirts featuring the "zingbus" logo pose confidently in front of a white and red "zingbus" branded bus, representing a transportation service.
By
E-Studio
2 min read

India’s intercity travel market has witnessed a significant boost as Zingbus, a leading bus aggregation platform, recently secured a substantial investment from BP Ventures. This funding underscores the rising demand for hassle-free, tech-driven, and reliable intercity transportation services in the country, benefiting both travelers and the ecosystem of mobility-focused startups.

Key Details

  • Zingbus, founded in 2019, focuses on providing standardized, comfortable, and on-time bus travel.
  • BP Ventures, the venture capital arm of global energy company BP, invested USD 9 million.
  • This strategic funding is expected to accelerate Zingbus’ growth, improve customer experience, and enhance its operational infrastructure.
  • The capital infusion highlights the broader trend of global investors backing promising Indian mobility startups.

Founder’s Background
Zingbus was co-founded by Prashant Kumar (CEO) and Siddhant Jain (Co-founder and CBO). Prashant Kumar, an IIT alumnus, has extensive experience in the mobility sector, focusing on optimizing operations and leveraging technology to create seamless intercity travel experiences. Siddhant Jain, similarly, brings a strong background in strategy and business operations, ensuring the startup’s sustainable expansion and market penetration.

On the investor side, BP Ventures is backed by BP, a renowned British multinational oil and gas company. BP was originally founded by William Knox D’Arcy in the early 20th century and has grown into a global energy leader. Today, it is led by CEO Bernard Looney, who is steering the company towards renewable investments and cleaner energy solutions.

Funding Details
The USD 9 million investment from BP Ventures marks a pivotal milestone for Zingbus. With this infusion, Zingbus aims to scale up its technology infrastructure, expand its footprint across multiple intercity routes in India, and refine its overall service proposition. This funding is not only a vote of confidence in Zingbus’ operational model but also a recognition of India’s growing travel market potential.

Source: ISN