QuickBus

Short Summary

QuickBus is a skyscanner/kayak.com for long distance buses, servicing the 800 million people who live and travel throughout sub-Saharan Africa. 10,000 tickets sold. Backed by billionaire founder of Rackspace. Team former RedBus. EIS.

Overview

Target
NZ$2,100,000
Minimum
NZ$50,000
Investment Raised
N/A
Previous Rounds NZ$1,000,000
Stage Achieving Sales
Investor Role

Highlights

  • Selected for Mercedes' transport startup fellowship in LA
  • Previous raise of £500k was backed by billionaire founder of Rackspace
  • Supports 36 months of overheads. Cash flow positive Q4 Y2
  • Similarly modeled Indian counterpart redBus was acquired for $140m
  • 10,000+ tickets processed since proof of concept began 6 weeks ago
Please note: Investing in early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. This platform is targeted solely at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. This information has not been approved as a financial promotion, and you must carry out your own due diligence.

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