10x in 10 months, burn reduced by 20% over same period
QuickBus is a long-distance bus ticket aggregator that provides B2B services to bus operators. These services require the exclusive management of a bus operator’s sales, so every ticket earns QuickBus a commission.
Team, Traction & Raise
– Inflection point reached, 10 to 1 return on marketing spend, 100 to 1 on GMV returned vs capital spent
– c.9x growth from $25k GMV in Jan to $210k GMV in September
– >500% growth in the last two quarters from $290k to $1.8m annualized GMV with no additional marketing spend
– Management has built and exited companies in this space
– Profitable on all core products, path to profitability clear
– Two acquisition approaches received in the last twelve months
– For UK investors we have been advised we are EIS admissible
– Raising $3m via equity, aim to 10x from to c.$17M GMV annually within 18 months and >30m within 3 years
– 20% of $3m round already committed