What Recorrido does

Recorrido Latin America SpA is a Chilean online marketplace for intercity ground transportation, founded in 2013 and headquartered in Santiago. The company's core product is a web and mobile platform (recorrido.cl, with iOS and Android apps) that aggregates tickets from more than 35 bus operators, allowing consumers to search, compare prices and service tiers (Premium 180°, Salon Cama, Semi Cama, Classic, Economy, Basic Economy), and purchase electronic tickets displayed on smartphones for boarding. Coverage spans domestic Chile from Arica to Punta Arenas plus cross-border routes to Argentina, Peru, and Bolivia, with regional marketplace domains in Mexico and Brazil and a Busbud partnership extending international reach. The company has expanded its product surface to include a train ticketing module for EFE - Trenes de Chile and a B2B travel agency portal.

Recorrido's business model is a commission-based, transaction-fee marketplace. The company charges bus operators a commission on each ticket sold through the platform, with operators paying no fixed upfront costs and reportedly seeing 10-20% occupancy improvements. Travel agencies access the platform free of charge and earn commissions on tickets sold to end clients, with invoice-based monthly settlement. Consumer-side pricing is dynamic by route, date, and operator. The company does not disclose consumer-facing booking fees; the displayed ticket price is the total cost to the buyer. Revenue streams therefore flow from operator commissions, agency channel activity, and platform-mediated consumer transactions, with no subscription or advertising model evident.

The company is privately held, backed by Start-Up Chile (Chilean government seed accelerator), Wayra (Telefónica's venture arm), Mountain Partners (Swiss venture builder), IGneous, and Nazca Ventures, with a total of approximately $740,000 in disclosed funding across multiple seed-stage rounds between 2014 and 2016. The four co-founders — Julian Deutschle, Simon Narli, Lennart Ruff, and Tilmann Heydgen — lead the organization, which currently operates with 11-50 employees. GTM is primarily direct-to-consumer via web and mobile, supplemented by agency and operator partner channels; no enterprise sales motion is evident.

Name

Recorrido

Legal name

Recorrido Latin America SpA

Website

https://recorrido.cl

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Recorrido operates an online marketplace aggregating 35+ bus operators across Chile and Latin America, enabling consumers and travel agencies to compare, book, and display electronic tickets for intercity bus and train travel.

Ownership category

akta.pro rank

Product category

Online Bus Ticketing Marketplace

NAICS

Travel Arrangement and Reservation Services (5615), All Other Travel Arrangement and Reservation Services (561599), Travel Agencies (561510)

akta.pro primary industry

Ground Transport Booking Platforms (Rail/Bus/Shuttle) (THALAFAD)

akta.pro secondary industry

Commission, Incentives & Revenue Optimization (ARC/BSP, Overrides) (THALAGAI)

Keywords

• Online bus tickets
• Intercity bus booking
• Travel marketplace platform
• Bus operator aggregator
• Latin American mobility

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Commission from bus operators: Recorrido charges bus operators a commission on each ticket sold through the platform. Operators benefit from increased occupancy (10-20% improvement) and new distribution channels without fixed upfront costs.
2. Agency sales commission: Travel agencies earn revenue through sales provision - buying tickets at standard rates and earning commission on each ticket sold to end customers.
3. Consumer transaction fees: Platform facilitates ticket purchases from consumers, with prices displayed as total ticket cost including any platform fees.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels8 records

Core offering

Recorrido operates an online marketplace platform that aggregates tickets from 35+ inter-city bus operators in Chile and across Latin America, enabling consumers to search, compare prices across multiple service tiers (Premium 180°, Salon Cama, Semi Cama, Economy), and purchase bus tickets directly. The platform also serves B2B customers through a travel agency portal with invoice-based billing and commission earnings, plus a bus operator partner program providing new distribution channels and electronic ticketing capabilities.

Product overview

Recorrido is a bus ticket booking platform operating across Chile and Latin America (with regional sites in Peru, Mexico, Argentina, and Brazil). The core offering is the Recorrido.cl web platform and mobile apps that aggregate over 35 bus companies, enabling users to search, compare prices, and purchase inter-city bus tickets. The product portfolio includes a dedicated platform for travel agencies (agencies.recorrido.cl) that provides real-time bus ticket quoting with monthly invoice payments and commission-based sales. Additionally, the company offers train ticket booking through its Atlas de Trenes feature for EFE trains, and provides a partner platform for bus operators to manage their distribution. The company operates regional variants including recorrido.pe (Peru), recorrido.mx (Mexico), recorrido.ar (Argentina), and recorrido.com (Brazil), with international travel routes facilitated through a partnership with Busbud.

Differentiator

Problem solved

Functional benefit

Products and services

• Recorrido.cl Web Platform Online bus ticket comparison and booking platform that aggregates routes from over 35 Chilean bus companies, allowing users to search, compare prices, and purchase tickets for inter-city bus travel.
• Recorrido Mobile App (iOS and Android) Mobile application for iOS and Android that enables users to compare and purchase bus tickets on smartphones, with the ability to show digital tickets on the phone for boarding.
• Travel Agencies Platform B2B platform solution for travel agencies and tour operators that provides real-time bus ticket quoting and purchasing capabilities, monthly invoice payment options, and sales commission features without fixed costs.
• Train Ticket Booking (Atlas de Trenes) Atlas of trains feature that aggregates train tickets for EFE - Trenes de Chile, including routes such as Santiago to Rancagua, Curicó, Talca, Linares, and Chillán.
• Bus Companies Partner Platform B2B platform for bus operators offering increased revenue through a new distribution channel, mobile reservation capabilities, electronic ticketing, and access to a sales agency network across Chile.

Quantifiable outcome

• 10-20% occupancy increase for bus operators
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• BusbudcoreGTM or Marketing PartnerInternational bus ticket platform partnered to offer Recorrido customers bus tickets for travel in other countries worldwide. Enables cross-border booking for international travelers.
• ContactChileminorStrategic or Co-development PartnerTop-rated agency for housing, internships, Spanish courses, vehicle rental and other services for foreigners coming to Chile. Cross-promotional partner for tourism services.
• ChileTuristicominorStrategic or Co-development PartnerTourism promotion company providing information about tourist services, activities, natural and cultural attractions, news and events in Chile.
• Chile es TuyominorStrategic or Co-development PartnerInternal tourism program of SERNATUR (Chilean National Tourism Service) focused on encouraging Chileans to travel within their own country.
• Ministerio de Transportes y TelecomunicacionesminorStrategic or Co-development PartnerChilean Ministry of Transport and Telecommunications responsible for proposing national policies in transport and telecommunications matters. Regulatory partner.
• FEUCminorStrategic or Co-development PartnerFederation of Students of the Pontificia Universidad Catolica de Chile, one of Chile's leading universities. Student-focused travel partnership.
• Buschile.comminorStrategic or Co-development PartnerBlog created by Italian blogger Luciana Cannizzaro providing detailed bus schedules and information across multiple countries including Chile since 2011.
• Facultad de Ciencias Fisicas y Matematicas U. de ChileminorStrategic or Co-development PartnerFaculty of Physical and Mathematical Sciences at Universidad de Chile, one of the five founding faculties of the university. Academic partnership.
• Departamento de Turismo de la Ilustre Municipalidad de SantiagominorStrategic or Co-development PartnerTourism department of the Municipality of Santiago focused on promoting tourist attractions and cultural sites of Santiago commune to both domestic and international visitors.
• Happy House HostelminorStrategic or Co-development PartnerHostel located in Santiago's Brasil neighborhood offering accommodation to travelers, with cross-promotional relationship for tourist services.
• VisitaPichilemuminorStrategic or Co-development PartnerTourism platform covering lodging, gastronomy and activities in Pichilemu, Punta de Lobos and Cahuil beach destinations.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Regional players

• ComparaOnline: Chilean-founded comparison platform for financial products and travel services. Comparable Chilean digital marketplace heritage and overlapping consumer travel-comparison use case, though primarily in insurance/finance verticals.

Broad incumbents

• Omio (formerly GoEuro): Multi-modal European booking platform covering trains, buses, and flights via a single aggregator. Overlapping marketplace model and technology, but broader scope and well-capitalized; representative of a likely category incumbent trajectory for Recorrido.
• Rome2Rio: Global multi-modal travel search engine connecting ground, air, and ferry options. Adjacent comparability through ground-transport discovery and booking flows that Recorrido is also building into.
• Despegar: Leading Latin American online travel agency with broad inventory across flights, hotels, and ground transport. Largest scale player in the same regional e-commerce travel category in which Recorrido operates its Chilean and cross-border marketplace.
• BlaBlaCar: Global intercity ridesharing/road-based travel marketplace with strong Latin American presence. Same inter-city passenger mobility thesis but using a peer-to-peer supply model rather than traditional bus operator aggregation.

Direct peers

• Wanderu: North American ground-travel marketplace aggregating bus, train, and ferry operators. Closely comparable marketplace mechanics (multi-operator, commission-based, mobile ticketing) but focused on North America.
• ClickBus: Brazil's leading online bus ticket marketplace, aggregating hundreds of Brazilian and Latin American bus operators. Directly comparable business model to Recorrido (operator commission, multi-operator aggregation) and the dominant competitor in Recorrido's recorrido.com.br market.
• Busbud: Canadian-founded inter-city bus booking marketplace covering North America, Europe, and Latin America. Recorrido's explicit go-to-market and international expansion partner for cross-border travel, making it the closest functional peer despite its broader geographic footprint.
• FlixBus: Europe's largest inter-city bus network and booking platform, combining proprietary service operations with a digital marketplace/agency model. Comparable marketplace technology stack and customer experience, though Flix also operates its own fleet.
• redBus: India-origin bus ticketing marketplace, now part of MakeMyTrip and expanding internationally across Latin America and Southeast Asia. Same multi-operator aggregation and commission-revenue model as Recorrido, and a credible global template for what Recorrido is aiming to build.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/recorridoCL
• Facebookfacebook.com/recorridochile
• Instagraminstagram.com/recorridochile
• TikToktiktok.com/@recorridochile
• LinkedInlinkedin.com/company/recorrido-latin-america-spa

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Recorrido