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Signaling more consolidation may come, smart-bus startup Zeelo acquires Kura, a smaller player
A small UK startup which combined a school bus service with a software platform to safeguard pupils has been acquired by ‘Smart buses’ startup Zeelo,
It’s acquisition for an undisclosed amount by Zeelo means the combined entity will have 220 customers, 450 operator partners and 40,000 daily riders using the platform, according to the company. Last year Zeelo secured a $14 Series A extension, taking total funds raised standing $33.6 million since it was launched in 2016. Although Sam Ryan, co-founder & CEO of Zeelo, declined to comment on the price of the acquisition, in a statement he hinted that there were there was “a pipeline of M&A opportunities across” the UK and US markets.
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