IntrCity closes FY25 with 70% YoY revenue growth
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InterCity to expand its network with 500 new SmartBus to join the fleet in next 2 years.
IntrCity SmartBus announced that it has closed FY25 with 70% year-on-year revenue growth and marked its second consecutive profitable year. Adjusted EBITDA profit has grown 10x year-on-year. IntrCity also aims to hit INR1000 crore in annual revenues by 2027. This, is said to, include the induction of 500 more SmartBus vehicles, including washroom-equipped buses, and servicing close to one million travellers every month.
“I have always believed that IntrCity SmartBus’s success runs on two pillars,” said Manish Rathi, Co-founder & CEO, IntrCity SmartBus. “First, the value we deliver to our customers. The complex Indian road and travel conditions require a made-in-India product designed towards safety and hospitality. Second is the tangible benefits and growth opportunities we provide to our operator partners. While the bus industry in India spans three generations, the key challenge traditionally has always been balancing scale with profitability. We believe we are the only player in the industry today to have cracked the code of scaling profitably — using Technology, Data Science, and Operational Compliance as our core enablers.”
IntrCity operates over 630 routes across 16 states. Over the last 12 months, more than 200 new buses have been added to the platform. Alongside its flagship SmartBus service, IntrCity’s companion app RailYatri continues to serve 14 million monthly users with train travel information.