11 Nov 2025

S&R Associates and TT&A advise on IntrCity ₹250 crore Series D fundraise led by A91 Partners

"S&R Associates advised Stelling Technologies Private Limited (IntrCity SmartBus) and TT&A advised lead investor A91 Emerging Fund II LLP on a ₹250 crore Series D financing round for IntrCity SmartBus, led by A91 Partners."

S&R Associates advised Stelling Technologies Private Limited (operating as IntrCity SmartBus), and TT&A advised the lead investor A91 Emerging Fund II LLP. Stelling Technologies Private Limited, a tech-enabled intercity bus travel platform operating under the brand name IntrCity SmartBus, has raised ₹250 crore in a Series D funding round led by A91 Partners. The financing was structured as a Series D fundraise with A91 Partners as the lead investor. S&R Associates represented client Stelling Technologies Private Limited (IntrCity SmartBus) with a team composed by: Aparna Ravi (Partner), Varun Yadav (Senior Associate), Pulatsya Pandey (Associate), Aditi Kundu (Associate). TT&A represented client A91 Emerging Fund II LLP (lead investor) with a team composed by: Sachin Mehta (Partner), Harshit Chandra (Partner), Nikhil Bahl (Partner), Utsav Agarwal (Managing Associate), Radhika Sarda (Associate), Shubham Gupta (Associate), Sangita Sharma (Associate).
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