rBus Funding

rBus, a startup offering AC bus service in Mumbai, has raised an undisclosed seed funding round from IndiaQuotient, People Group founder Anupam Mittal and others.

The Mumbai-based startup was founded this very year  by Siddharth Sharma, Anshul Khandelwal and Vivek Choksi.

Raftaar Technologies (which operates rBus) currently offers services in Mumbai. With over 40 trips daily trips, the service caters to more than 500 commuters. With wi-fi, app-enabled payments and live tracking of buses, rBus claims that it provides a commute experience akin to having one’s own car at a fraction of the price.

“All we are doing is enabling individuals to come together and design their own buses,” said Siddharth Sharma, co-founder of rBus.

“We have known Siddharth for a while and knew that the team has been researching the urban mass transport space for years now.”, says Anand Lunia, founder at IndiaQuotient.

 

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