A pre-seed round led by Founders Factory Africa saw USD 1.30 million raised for the Kenya-based mobility marketplace BuuPass. Google Black Founders Fund, Gullit VC, Five35 VC, Artha India Ventures, FrontEnd Ventures, Adaverse, Renew Capital, Changecom, XA Network, Ajim Capital, and Daba Finance were among the other investors in the round.
The company claims that the additional money would be utilised to boost the company’s market share in Kenya and Uganda while also pursuing expansion into other East African markets, as per reported by BW Disrupt.
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Wyclife Omondi, Co-Founder and Co-CEO, BuuPass, says, “Over 9 million travelers have saved time and money by buying their tickets from the comfort of their homes. Additionally, our bus operators have seen a significant decrease in cash leakages and increased revenue from online bookings. 80 per cent of our clients come through referrals, demonstrating that our focus on customer satisfaction is yielding fruit. We can customize the technology for most businesses, give on-demand support, and provide USSD functionality.”
BuuPass was established in the year 2016 by Wyclife Omondi and Sonia Kabra. A digital marketplace where urban travellers can go to book their transportation tickets, BuuPass was created for them.
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Anirudh A Damani, Director of Artha India Ventures, says, “The African continent is fast emerging as a startup innovation hotbed. The African ecosystem is churning out many unique investment opportunities that will disrupt the market across sectors. Artha India Ventures is taking an early bet to back potential category winners with immense promise. In that vein, BuuPass has taken the lead in building digital rails for Africa’s intercity transport infrastructure. Based on Artha’s success in navigating this digitization play in India, we are confident that BuuPass will grow rapidly into a market leader.”
About BuuPass
BuuPass is currently operating in Nairobi, Kenya and allows travellers to book their bus tickets from their phone and pay with mobile money, saving customers time and money from having to physically go to the booking office.
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