BuuPass has announced the acquisition of QuickBus, a significant player in the bus ticketing service sector in Nigeria and South Africa for an undisclosed amount. BuuPass is a B2C mobility marketplace that enables users to search, compare, and book their tickets online.
Founded in 2016, BuuPass has sold over 6 million travel tickets and generated over $100 million in total value of goods sold. Its current platform has already served over 16 million passengers. Both startups are backed by early-stage tech investor Founders Factory Africa.
The acquisition will now see BuuPass expand into South Africa and Nigeria, a move that is set to add over 5,000 new routes to the platform, significantly enriching the network and service offerings for African consumers. They will also onboard over 100 bus operators and several high-profile online distribution partnerships, including FNB, Vodacom, and MTN.
“We are excited to expand our footprint in Africa as we actively look for more opportunities to bring our platform to new African markets. We aim to create a comprehensive, continent-wide network of interconnected transport options for seamless global and continental travel, and this acquisition is a significant milestone toward that goal.” BuuPass Co-Founder Sonia Kabra said.
Eunice Wambui, Investment Principal at Founders Factory Africa, said, “As an early investor and backer, Founders Factory Africa is proud to see BuuPass expand to Nigeria and South Africa. It is already changing the daily lives of its customers as it moves closer to fulfilling its vision of being a pan-African travel booking platform. BuuPass’s continued growth is further validation of the outstanding work done by its team. This acquisition also highlights how our bespoke and in-market support to founders can help the continent’s leading innovators to attain their vision at scale.”
Founders Factory Africa says it remains committed to supporting BuuPass in achieving future milestones through the hands-on support it offers to founders and businesses in its portfolio.