According to reviews, bus ticketing is a Rs 30,000 Cr market, out of which best five per cent of bus tickets are being offered through on line system in the united states of america now. This proves that there may be giant potential for bus ticketing market in online area. Despite the web bus ticketing market being dominated by way of players like redBus, Travelyaari, Makemytrip etc. Yet there's any other startup which is trying to make its area inside the market.
It all started out inside the summer season of 2007, while Eswaramoorthy flew to India and via his personal experience, he discovered that there have been bus operators aplenty, but truly buying a ticket proved to be a wild goose chase! Even from a bus operator’s factor of view, monitoring real-time inventory became essential. At that point, a bus operator use to allocate a positive number of seats to an agent, who, in turn, obtained approx 10 % fee in keeping with price ticket.
This gave him the idea and he alongwith his three friends launched Ticketgoose as a Online bus price tag booking platform in 2007.
The startup had first of all signed up as a ticketing agent with ten bus operators however they soon realised that on-line bus ticketing as a dream would crash if there was no manner to track actual-time inventory. “We located it very difficult to run our enterprise because the other dealers desired to maintain on to the bus seats so long as they may,” recalls Athiappan, CEO and co-founder of Ticketgoose.
A yr into operations, the founders evolved a software known as Vahana, which helped bus operators check real-time inventory online. Once Vahana changed into on the Cloud, bus operators now not needed to invest Rs 20-25 lakh on steeply-priced software program to check their stock. They ought to do it on-line on a in keeping with-transaction basis and in real time too! How first-rate is that?
In simple words,if an operator desired to get entry to the statistics of 10 buses each day, he now needs to pay only Rs 1,000 consistent with month consistent with bus. Additional facilities like customised skins for every operator on the platform, lured even greater operators to the portal.
Ticketgoose additionally functions as a bus ticket aggregator, allowing ticketing dealers to use the portal to purchase pre-paid tickets. With fee structure and a deposit of just Rs 10,000, even other famous web sites inclusive of Makemytrip.Com and Via.Com are availing its offerings.
While 50 per cent of the startup’s revenues comes from direct reserving, the ultimate 50 in step with cent comes from B2B offerings.
Today, the portal has over 60 operators on its platform and access to three hundred different operators on other platforms. It has a community of over 5000 agents and reaches any other 20,000 dealers thru different networks thru consumers in their aggregation carrier.
As per the agency, approximately 3,500 bus tickets are booked via Ticketgoose day by day across 15 towns in Southern and Western India. Out of which over 300-400 tickets are being offered through its iOS and Android app (As of February), which it had released in February this year. The startup ambitions to have a turnover of over Rs 4000 Cr in the subsequent five years.
It is likewise in a technique of overhauling its portal to make the user interface less difficult and thrilling. “For instance, a purchaser might be capable of perform a herbal language search together with ‘tour among Bangalore and Pune next Saturday’ in place of taking the pains of filling out the precise date and time of tour,” explains Athiappan. It has also a travel coverage policy for coincidence, luggage harm and clinical price.
Ticketgoose became launched by way of techies and friends Arun Athiappan, Karthikeyan Eswaramoorthy and Vasu Ramasamy, with a seed capital of Rs 30 lakh from their personal financial savings. Few months returned, it had raised Rs 4.Five Cr tranche of angel funding.