QuickBus
Online Bus Ticket Booking, Book Volvo AC Bus Tickets, Reservation.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 100 % | 44 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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QuickBus operates as a digital marketplace and SaaS provider for the intercity bus industry, with a primary focus on the African continent. Founded in 2017 by Humphrey Wrey, the company aims to digitize and streamline the process of booking bus tickets in emerging markets. The platform aggregates bus operator services, allowing travelers to search, compare, and purchase tickets online, a significant shift from the traditional method of buying tickets in person at crowded bus stations. For consumers, this offers convenience, price transparency, and the security of a confirmed seat.
The business model serves two distinct client types: bus travelers and bus operators. For travelers, QuickBus provides a user-friendly interface for booking and payment. For bus operators, the company offers a sophisticated SaaS solution that includes inventory management, route optimization, and dynamic pricing tools. This system helps operators manage their fleets more efficiently, increase their online visibility, and ultimately boost their revenue by filling more seats and reducing operational overhead. Revenue is generated through a commission on tickets sold through its platform and fees from the SaaS offerings provided to bus companies.
The company's establishment was influenced by founder Humphrey Wrey's personal experiences with the challenges of bus travel in Africa. Before launching QuickBus, Wrey had a background that included co-founding another venture, which provided him with valuable entrepreneurial experience. QuickBus has demonstrated significant traction, reporting substantial year-over-year growth in its early stages and selling millions of dollars worth of tickets for its operator partners. The company has successfully raised funding to fuel its expansion across the continent, with the goal of becoming the go-to platform for intercity travel in Africa's rapidly growing digital economy.
Keywords: bus travel, Africa, marketplace, SaaS, online booking, transportation, mobility, emerging markets, ticketing platform, travel aggregation