Daba-backed BuuPass acquires South African competitor QuickBus
TLDR
- BuuPass acquires Nigerian and South African competitor QuickBus, expanding its user base and international routes.
- Founded in 2016 by Sonia Kabra and Wycliffe Omondi, BuuPass has facilitated over 6 million bookings and generated $100 million in total sales.
- The acquisition increases BuuPass's monthly active users to 650,000 and expands its reach to 16 African countries, including Nigeria, Kenya, South Africa, and more.
BuuPass, a digital travel ticketing platform based in Kenya, has bought out its Nigerian and South African competitor, QuickBus, in an undisclosed cash and stock deal. This comes just over one year after the company raised $1.3 million in pre-seed funding, which saw the participation of several individual and corporate investors who participated through Daba Finance.
Founded in 2016 by Sonia Kabra and Wycliffe Omondi, BuuPass has emerged as a leading bus ticketing platform, facilitating over 6 million bookings and generating more than $100 million in total sales.
The acquisition significantly increases BuuPass's monthly active users to 650,000 and expands its reach to international routes across 16 African countries, including Nigeria, Kenya, Tanzania, South Africa, Malawi, and Ghana. With this expansion, users can book major routes such as Johannesburg to Cape Town directly through BuuPass, with additional options expected by the end of Q2.
Points clés à retenir
The acquisition of QuickBus by BuuPass brings significant benefits, including access to a wider user base and bus routes. QuickBus's innovative products and features, such as its Cash Advance service, will complement BuuPass's offerings, enhancing the overall user experience. Moreover, QuickBus's existing integrations with major distribution channels in various regions, such as Vodaphone's VodaPay app in South Africa, will streamline the booking process for users already familiar with these platforms.
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