Online Bus Ticketing Company Ticketgoose Secures Rs 18 cr from Indventure

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Online bus ticketing portal Ticketgoose has raised Rs 18 cr from Indventure, a US based venture capital firm, according to a report.

The Chennai based company was founded in 2007 by Karthi Easwaramoorthy, Arunkumar Athippan and Vasudevan Ramasamy. It has tied up with over 700 bus operators covering 300 destinations.

The company is expecting a turnover (gross) of Rs 100 cr this fiscal, the Economic Times reported.

In 2012, the company had raised Rs 3 cr form US based angel investors at a valuation of $7 mn.

Ticketgoose competes with redBus. Earlier this month, ticketing portal said it is planning to raise over Rs 200 cr from private equity funds. Reportedly, is bigger than redBus, which was sold to Naspers for Rs 800 cr. busIndia sells nearly 50,000 tickets daily and is clocking revenues of Rs 100 cr while parent company Radiant Info, with over 1000 employees, has a revenue of Rs 400 cr,