Busfor, a Moscow, Russia-based online bus ticket platform, raised $20m in funding.
Backers included Baring Vostok and Elbrus Capital.
The company intends to use the funds to expand into Belarus and kazakhstan as well as to increase its marketing efforts.
Founded by Ilya Yekushevsky, General Director, Busfor.com provides a system of searching and buying bus tickets. It operates on the basis of GillBus-GDS – a system for booking, distribution and sale of bus tickets, created by professional designers and IT-specialists.
The company has signed contracts with more than 100 bus operators which organize domestic and international passenger traffic.
Busfor Affiliate Department checks the vehicles of each carrier for availability of the needed comfort conditions for the passengers.