IntrCity SmartBus raises Rs 250 Cr in Series D led by A91 Partners

Intercity bus network IntrCity SmartBus has raised Rs 250 crore ($28 million) in a Series D funding round led by A91 Partners.

IntrCity had earlier raised $4.5 million from Samsung Venture Investment and other investors in February last year. As per the startup data intelligent platform TheKredible, IntrCity has raised nearly $80 million to date and was valued at around $110 million in the last funding round.

The Noida-based company will use the funds to enhance customer travel experience, upgrade its fleet management technology platform, and expand…