GoldSeat to raise US$3 million for expansion in India

GoldSeat has announced its plans to raise the next round of funding of US$3 million to further expand its operations in the country. Following its inception in 2016, GoldSeat has raised US$160K funding received from an angel investor which was utilized to develop the technology and set up operations in India.

Currently, GoldSeat has its application running across 250 buses, which includes buses of Uttar Pradesh State Road Transport Corporation and also other private players across Northern and Western regions of India, including Lucknow, Ahmedabad, Delhi, Haryana, Himachal Pradesh, Punjab and Rajasthan and will soon be available down south expanding its services pan India in the near future. Also, there are conversations currently going on with multiple airlines and the agencies which handle media inside the trains. It will take approximate 12–14 months to convert the same.

Commenting on their plans to raise the next round of funding, Gaurav Kapahi, Founder & CEO, GoldSeat, said, “We are on the threshold of redefining the travel entertainment space in India and establishing ourselves as the go-to platform by further expanding our pan-India presence. We are extremely excited as we believe the new round of funding will provide further stimulus to our growth which we plan to utilize to enhance the technology, workforce and marketing.”

“While travelling by road, it's only 40% of the route that has internet connectivity and only 10% or less has 3G or 4G connection. We aim to enhance the experience of on-the-go offline entertainment to another level through technological advancement, bringing an overall dynamical change in the entertainment and travel industry. The next round of funding will enable us to further enhance the customer experience,” commented Nishchal Khetarpal, Co-Founder, GoldSeat.