CatchThatBus Secures Fiancial Funding From Jungle Ventures.
Malaysian and Singapore-based traveling agent service known as CatchThatBus has just recently announced that it has managed to secure funding from Jungle Ventures, National Research Foundation Holdings and angel investors.
From can be gathered during a conversation with e27, the funds shall be utilized to take over the MYR 1 billion (USD$310 million) intercity bus ticketing market in the previously mentioned countries. During the current moment, the company has not disclosed the total amount of raised funding.
Co-founder and CEO of CatchThatBus, Viren Doshi stated that this recent funding round is due to trying to meet the demands for its online bus-ticketing for consumers who are utilizing more of their mobile devices during this day and age, that a particular market is “outstripping that of the PCs.”
COO Aswhin Jeyapalasingam stated that the company is already providing over 500 destination throughout the entirety of Malaysia and Singapore. “Consumers can book tickets for leading bus operators such as Plusliner, Nice, Transnasional, Airport Coach, Intercity Express, and Starmart Express, amongst many others,” he shared.
Jungle Ventures Amit Anand commented that the company feels that its a privileged to work alongside another startup that’s making it their main focus on solving the long-distance road traveling issues that prevail throughout the Asia Pacific. The venture capital previously funded Travelmob.
Formerly, CatchTheBus had entered into a partnership with MakeMyTrip, allowing the company to leverage it’s partner’s technology for the traveling industry.
CatchThat bus is a services that provides a similar services to that of traveling agent application like Kayak, only with buses and with its main focus currently being Malaysia and Singapore travel routes. The application can be checked out on Android and online, for anyone who wished to search for the best and most efficient bus trips across the two regions.