Abhibus to raise Rs 70cr

13 May 2017

Online ticketing platform Abhibus is planning to raise Rs 60-70 crore and aiming for a four-fold increase in daily bookings over the next three years, according to a top company executive. "We are in an expansion mode and planning to raise around Rs 60-70 crore, which will be funded by the existing promoters. We have pumped Rs 50 crore till FY16 in the company," Abhibus Founder and Chief Executive Officer Sudhakar Reddy Chirra told reporters here.