Overview
- The all-equity round values IntrCity at about Rs 1,200 crore (roughly $140 million), according to the company and investors.
- IntrCity said the new capital will fund expansion into smaller cities, upgrades to its fleet-management platform, and customer experience and safety improvements.
- The company plans to scale toward a roughly 1,000-bus network over the next few years from its current 550–600 buses operating around 600 daily trips.
- Management reported FY25 revenue of about Rs 500 crore with strong year-on-year growth and said the business has been EBITDA-positive while targeting full profitability.
- IntrCity partners with local operators in an asset-light model and equips buses with a cloud-connected operating system and on-board captains to monitor safety and service.