Home Funding Hyderabad-Based Startup AbhiBus Received Funding From Paytm

Hyderabad-Based Startup AbhiBus Received Funding From Paytm


Paytm, founded in 2010 and claimed by One97 Communications at first centered on Mobile and DTH Recharging. This organization in itself has developed such a great amount since its commencement that today it put resources into two quickly developing firms – AbhiBus and ClearTax.

AbhiBus ( signifying ‘transport now’) is a Hyderabad based startup and is one of India’s quickest developing online transport quickest developing online aggregator of transport tickets stock crosswise over India. It gives end-to-end programming and other worth included answers for the Bus Transport Industry. It has workplaces in Bangalore, Chennai, Hyderabad and Mumbai and was established by Sudhakar Reddy in 2007.

ClearTax is an Indian Income Tax Return e-recording site based out of New Delhi. It people groups e-document their arrival by method for transferring their Form-16. ClearTax handled expense form e-filings for 300,000 people in evaluation year 2014-15.

At the point when distinctly seen, both the organizations are working in diverse fragments and Paytm has put into two unique divisions. The interest in AbhiBus obviously is by all accounts extremely intriguing as this firm was financed right when Paytm saw it coming as an opposition. Paytm itself offers transport ticketing administrations and couldn’t be quickly found out if the speculation is identified with a regressive joining or even a conceivable procurement later on.

Indeed, AbhiBus as of late cooperated with JustRechargeIt.com, an online stage for versatile, information card and DTH revives and a contender of Paytm, to offer transport ticket stock on its entryway. AbhiBus, beforehand has effectively raised cash from promoters of BS Ltd.