{
  "id": 11195812,
  "title": "Fresh Bus’ FY26 Revenue More Than Doubles To ₹63.5; Net Loss Widens 33%",
  "url": "https://urgent.news/2026/10/01/fresh-bus-fy26-revenue-more-than-doubles-to-63-5-net-loss-widens-33",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T12:39:46.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/fresh-bus-fy26-revenue-more-than-doubles-to-%e2%82%b963-5-net-loss-widens-33/"
  },
  "original_language": "en",
  "account": "Fresh Bus, an e-intercity bus operator backed by ixigo, witnessed a significant surge in its FY26 revenue, more than doubling to ₹63.5 Cr from ₹26.3 Cr. The company's top line growth was driven by the expansion of its electric bus fleet and route network. In contrast, the bottom line saw a widening of 33% to ₹43.6 Cr from a loss of ₹32.8 Cr in the previous fiscal year. This increase was primarily due to higher expenses, which rose by 81.4% YoY to ₹107.2 Cr from ₹59.1 Cr. The main contributors to the increased costs were the widening fleet, lease expenses, maintenance, captain salaries, tolls, and distribution expenses. Fresh Bus aims to achieve a revenue of ₹180 Cr in FY27 while reducing its losses to between ₹25 Cr and ₹30 Cr. The company hopes to become contribution-margin positive and turn profitable by April-June 2027. To achieve this, Fresh Bus plans to cut up to 30% of its costs by increasing its fleet size and raising fare rates. The startup, founded in 2019, currently operates 100 e-buses across 10 routes in South India and plans to double this number to 200 by the end of FY27, expanding its route options to 16. Fresh Bus expects to have 500 buses in operation by March 2028, initially focusing on southern India before expanding westward and into the north. The startup currently experiences an occupancy rate of 85-90%, with approximately 1.6-1.7 Lakh seats offered each month on established routes. Fresh Bus has raised ₹87.5 Cr in Series A funding and has agreed to sell a 17.39% stake to Twelve Stone LLP for ₹36.6 Cr in August 2026. The company also recognized a ₹11.22 Cr share of loss from Fresh Bus in FY26.",
  "summary": "ixigo backed e-intercity bus operator Fresh Bus reported a 2.4X jump in its FY26 operating revenue to ₹63.5 Cr from…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}