IntrCity SmartBus lands $30M at $140M valuation to deepen its grip on India’s intercity travel market

IntrCity SmartBus, a tech-enabled intercity bus platform based in Noida, India, has raised $30 million in an all-equity Series D funding round led by A91 Partners, valuing the company at $140 million post-money. The startup aims to expand its network across smaller cities and towns in India, capitalizing on the growing intercity travel demand driven by migration from smaller towns to metropolitan areas. With India’s national highway network having expanded significantly over the past decade and railways facing capacity constraints, long-distance road travel has become a vital alternative. IntrCity SmartBus addresses gaps in state-run bus services by partnering with local bus owners and equipping their vehicles with proprietary hardware for real-time tracking, centralized ticketing, and data-driven route planning. Founded in 2019 initially as an online train ticketing platform under RailYatri, IntrCity SmartBus now generates 90% of its revenue from its bus operations, which run about 600 daily trips transporting 20,