ZingBus Secures Rs 59 Crore Investment Round

• ZingBus, an intercity mobility startup, raises Rs 59 crore ($7 million) led by BP Technology Ventures, marking its first major investment in 2024.
• The funding round includes Rs 41.8 crore from BP Ventures and contributions from Info Edge’s IE Ventures Fund and other investors.
• The new funds will support expansion and growth, resulting in an 11.16% equity dilution and valuing ZingBus at around Rs 530 crore ($63 million).

Source: Entrackr