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Venture Capital
advantedge.vc

Investments

26

Portfolio Exits

3

Funds

2

About AdvantEdge Founders

advantEdge Partners is an early stage tech fund investing across consumer sectors with a focus on mobility.

Headquarters Location

6th floor, plot no. 1 Noida-Greater Noida Expy, Bakhtawarpur, Sector 127

Noida, 201 303,

India

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Latest AdvantEdge Founders News

Bus Aggregator Zingbus Raises Funding from Venture Catalysts, Titan Capital, AdvantEdge founders and Oyo founder Ritesh Agarwal

Feb 8, 2021

IndianWeb2 Desk India’s largest intercity bus aggregator zingbus secures an undisclosed pre-Series A investment from Venture Catalysts, Titan Capital, AdvantEdge founders and Oyo founder Ritesh Agarwal The funding round also saw participation from Better Capital, Anupam Mittal (Founder & CEO – People Group), Smile Internet, MG Group, and several other marquee angel investors New Delhi, February 08, 2021: zingbus, one of India’s leading travel start-ups focusing on improving the levels of quality and safety in the intercity bus travel space, has recently secured an undisclosed pre-Series A investment led by Venture Catalysts, Titan Capital, and Better Capital, along with Ritesh Agarwal (Founder – Oyo) and Anupam Mittal (Founder & CEO – People Group). The funding round also saw participation from 9Unicorns accelerator fund, AdvantEdge Founders, Smile Internet, MG Group, and several other marquee angel investors. Co-founded in 2019 by IIT Kharagpur graduates Prashant Kumar and Mratunjay along with Ravi Kumar Verma, zingbus aims to build India’s largest and most trusted consumer brand for intercity mobility. It currently enables 2,000+ daily journeys across Delhi/NCR, Himachal Pradesh, Uttar Pradesh, Madhya Pradesh, Uttarakhand, Rajasthan, Gujarat, Maharashtra, Jammu, Haryana, and Punjab. The platform will utilize the funds to increase its operational footprint across the country and expand the scale of its fleet operations to 500 buses, with a view of fulfilling 1 million safe and hassle-free journeys in the next 12 months. Speaking about the funding, Prashant Kumar, Co-Founder & CEO - zingbus, said, "We believe that the right to affordable and dignified travel is fundamental to human existence and development, and so aspire to provide access to safe, reliable, and affordable travel to everyone. We are delighted to have the support of industry leaders, and our journey looks bright under their guidance. With almost 10 million daily intercity bus rides in India, the overall market is worth $15 billion at present and is growing at a CAGR of 18%. About 25% of this market is semi-deluxe, air-conditioned buses, which will be zingbus's focus area for the next few years.” Ravi Kumar Verma, Co-Founder & CTO – zingbus, added, “A major part of the funds will be utilized in building a technology stack that will allow us to deliver 10x better experience to travelers at 10% lesser fares and scale up to become the largest intercity bus fleet operator in the country.” Mratunjay, Co-founder and COO – zingbus. said, "Travelers love the zingbus experience, and we are launching new services every week and shipping new products every fortnight. If anything, the COVID-19 outbreak has orchestrated a black swan event for startups like us to rise to the occasion and create technology that will be the preferred enabler for a future of safe and reliable travel," Dr. Apoorva Ranjan Sharma – Co-founder and President, Venture Catalysts, stated, "zingbus is already India’s highest-rated branded bus line that aggregates fleets of buses to deliver end-to-end and standardized intercity travel experiences at affordable prices. The platform has the potential to revolutionize the intercity travel services space in India and we are delighted to provide the support it needs to grow and scale its operations." Bipin Shah, Partner – Titan Capital, said, "zingbus's technology provides a much better online presence as compared to traditional bus operators. It also reaches the end-customer digitally in a more effective manner. The brand has emerged as the most affordable service provider on popular routes through its unique route designs and dynamic pricing algorithms." Kunal Khattar, Managing Partner & Investorpreneur – AdvantEdge Technology Founders, said, "zingbus is a true differentiator in its space, guided by its founders who hold profound domain insights and years of experience in the intercity travel industry. zingbus runs buses on specially designed routes which permit it to optimize the usage of assets and cater to more travelers per bus per day." Taking insights from global players such as Flixbus, zingbus plans to run 2,500 buses across all the country's major travel corridors within the next three years. The platform is launching new services every week and shipping new products every fortnight. Even though the travel industry was severely impacted due to the pandemic, zingbus has emerged as a clear winner that drove growth by enabling the traditional fleet owners struggling to cope with emerging operational challenges with minimum manpower investment.

AdvantEdge Founders Investments

26 Investments

AdvantEdge Founders has made 26 investments. Their latest investment was in TyrePlex as part of their Seed VC - II on August 8, 2022.

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AdvantEdge Founders Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2022

Seed VC - II

TyrePlex

$1.51M

No

1

8/17/2022

Series A

Exponent Energy

$13M

No

3

5/12/2022

Seed VC

Bytebeam

$3M

Yes

5

4/4/2022

Series A

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$99M

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10

2/22/2022

Seed VC - II

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$99M

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10

Date

8/30/2022

8/17/2022

5/12/2022

4/4/2022

2/22/2022

Round

Seed VC - II

Series A

Seed VC

Series A

Seed VC - II

Company

TyrePlex

Exponent Energy

Bytebeam

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Amount

$1.51M

$13M

$3M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

1

3

5

10

10

AdvantEdge Founders Portfolio Exits

3 Portfolio Exits

AdvantEdge Founders has 3 portfolio exits. Their latest portfolio exit was Wigzo on January 07, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/7/2022

Corporate Majority

$99M

1

4/20/2021

Acquired

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$99M

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10

11/16/2016

Management Buyout

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$99M

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10

Date

1/7/2022

4/20/2021

11/16/2016

Exit

Corporate Majority

Acquired

Management Buyout

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

AdvantEdge Founders Fund History

2 Fund Histories

AdvantEdge Founders has 2 funds, including AdvantEdge Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2016

AdvantEdge Fund I

1

AdvantEdge Founders Fund II

$99M

10

Closing Date

12/31/2016

Fund

AdvantEdge Fund I

AdvantEdge Founders Fund II

Fund Type

Status

Amount

$99M

Sources

1

10

AdvantEdge Founders Team

2 Team Members

AdvantEdge Founders has 2 team members, including current Founding Partner, Kunal Khattar.

Name

Work History

Title

Status

Kunal Khattar

Founding Partner

Current

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Name

Kunal Khattar

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Work History

Title

Founding Partner

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Status

Current

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