IntrCity SmartBus, a tech-enabled intercity bus platform in India, has raised $30 million in funding to expand its network across smaller cities and towns in the South Asian nation. The all-equity Series D round, led by A91 Partners, values the Noida-based startup at $140 million post-money.

Intercity travel is accelerating in India as more people migrate from smaller towns to metropolitan cities for work and education.

To meet this demand, New Delhi has significantly expanded the country’s highway infrastructure. The national highway network has increased by over 60% in the past decade, from 56,723 miles to 90,847 miles, according to Indian government data.

Railways, while extensive, remain capacity-constrained and cannot keep pace with rising inter-state travel demand. That makes lo

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