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Intercity mobility platform Zingbus nearly doubled its scale in the fiscal year ending March 2025. However, the Gurugram-based company continued to remain in losses. Zingbus’ revenue from operations surged 85% to Rs 161 crore in FY25 from Rs 87 crore in FY24, according to its financial statements filed with the Registrar of Companies (RoC).
Zingbus primarily generates revenue from intercity bus ticketing services. Revenue from these services was the sole source of revenue for the company. On the spending side, bus hire charges formed the largest expense element contributing over 63% of the total expenditure. This cost jumped 147% to Rs 121 crore in FY25 from Rs 49 crore in FY24. Guarantee commission paid to fleet partners also rose sharply by 78% to Rs 16 crore, whereas employee benefit expenses grew moderately by 7% to Rs 15 crore. Advertising expenses increased 9% to Rs 6 crore in the same period. Overall, Zingbus’ total expenditure grew 65% to Rs 191 crore in FY25 from Rs 116 crore in FY24.
Zingbus is one of those bets that seem obvious, but could yet play out poorly should the rules change significantly. With its focus on an EV fleet and carbon neutral rides, the firm is certainly making a case for a long term ride, in terms of the available opportunity and early mover advantage. But the high dependence on China made buses in India, or the limits placed by inadequate, if improving charging infra are real risks. A significant fall in global LNG prices is a real risk for the sector in that it might slow down the electrification push, for instance in public transport.
About Zingbus
Zingbus has been co-founded by Prashant Kumar, Ravi Kumar Verma, and Mratunjay Beniwal. Zingbus founders who launched the tech-driven intercity bus platform in 2019 to bring reliability and standardization to India’s fragmented bus market, aggregating smaller operators under a common brand. Prashant Kumar (IIT Kharagpur alum) handles business development, Ravi Verma serves as CTO, and Mratunjay Beniwal is also a key co-founder, focusing on creating an asset-light, tech-focused mobility solution. Zingbus standardizes and modernizes intercity bus travel by creating an “operating system” for fragmented bus operators, offering a unified app for booking safe, reliable, and affordable travel with features like real-time tracking, female-preferred seats, and trained crew.