Bus Aggregator Zipro Eyeing to Secure Funds from Essel Group
Zipro Technologies, a firm that offers bus aggregation services is eyeing to secure an amount of $50 million in a fresh funding round from Essel Group.
The bus aggregator reportedly is seeking to develop its presence in India from the present 10 cities. The company is based in Bengaluru, and it is expecting to utilize these funds to supply bookings for electrical buses and e-rickshaws as stated by a person familiar with the matter.
Established by Subhash Chandra, Essel Group is present in areas including media, entertainment, packaging and technology. The company is planning to invest in ZipGo for the purpose of boosting up the building of infrastructure for electric vehicles.
ZipGo that was founded in 2015 by Gaurav Agarwal, Jitender Kumar and Pritesh Gupta, has raised about $8.6...