BusExpress BG Ltd.
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BusExpress BG Ltd. - overview
Established
2014
Location
Sofia, -, Bulgaria
Primary Industry
Internet
About
BusExpress BG Ltd. is a transport service provider specializing in online bus ticket sales, connecting travelers to over 6,000 destinations throughout Bulgaria and Europe, enhancing travel convenience for both leisure and business commuters. Founded in 2014, BusExpress BG Ltd. operates a digital platform that allows users to purchase bus tickets online.
The company is headquartered in Sofia, Bulgaria. Co-founded by Angel Gerdzhikov and Rado Pavlov, the latter also serves as the CEO. In 2015, BusExpress raised seed funding from STS Ventures, marking its first significant deal. BusExpress specializes in providing a comprehensive platform for purchasing bus tickets online, facilitating travel across over 6,000 destinations in Bulgaria and Europe.
The primary service is a user-friendly digital interface where customers can quickly select and buy bus tickets for domestic and international routes, catering to both leisure travelers and business commuters. The service emphasizes convenience by offering real-time availability, detailed pricing options, and a seamless booking process, thereby addressing the needs of consumers seeking efficient travel solutions. BusExpress primarily serves individual customers, including tourists and residents, who require reliable transportation options for various travel occasions. The company's geographical reach extends throughout Europe, connecting major cities and tourist destinations, while also serving travelers within Bulgaria.
In the most recent year, BusExpress generated revenue of USD 18,750. 60 from direct ticket sales. The company operates on a transactional model focused on individual purchases, facilitating straightforward transactions via secure payment options. Additionally, the EBITDA for the year 2019 was USD 12,592.
10, reflecting the company’s financial positioning during that period. BusExpress intends to leverage its recent seed funding from 2015 to enhance its platform and expand its service offerings. The company is currently exploring the launch of new digital products aimed at improving the user experience for online ticket purchases. Furthermore, BusExpress plans to expand its reach into additional European markets by 2025, targeting increased service availability and partnerships with local transport providers.
This strategic approach aims to capture a larger customer base while maintaining operational efficiency.
Current Investors
STS Ventures
Primary Industry
Internet
Sub Industries
Public Transit/Transportation, Website Hosting
Website
www.busexpress.bg
Verticals
E-commerce
Company Stage
Angel & Seed
Total Amount Raised
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BusExpress BG Ltd. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 45,000 | 15,000 | 28,000 | 41,000 | 109,000 | - | - | - |
| % Revenue Growth (YoY) | - | (66.7%) | 86.7% | 46.4% | 165.9% | - | - | - |
| EBITDA (USD) | 6,000 | (355,000) | (159,000) | (28,000) | 22,000 | - | - | - |
| Operating Income (USD) | 1,000 | (377,000) | (240,000) | (99,000) | 16,000 | - | - | - |
| Operating Margin | 2.2% | (2513.3%) | (857.1%) | (241.5%) | 14.7% | - | - | - |
| % EBITDA Margin | 13.3% | (2366.7%) | (567.9%) | (68.3%) | 20.2% | - | - | - |
| NET Income (USD) | 1,000 | (346,000) | (226,000) | (101,000) | 11,000 | - | - | - |
| % Net Margin | 2.2% | (2306.7%) | (807.1%) | (246.3%) | 10.1% | - | - | - |
BusExpress BG Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Seed | Completed | BusExpress BG Ltd. | - |
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BusExpress BG Ltd. - employee data
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