Chalo, a bus tracking and ticketing firm, raised USD 45 million on Monday in a series D fundraising round that was spearheaded by Avataar Ventures.
Details on Chalo, a startup for bus tracking and tickets, raises $45 million
The business has secured USD 40 million in Series C funding from investors Lightrock India and Filter Capital. The business has so far raised around 119 million USD through several rounds of fundraising.
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Chalo, an app that attempts to address India’s transport problems, was founded in 2014 by Mohit Dubey, Vinayak Bhavnani, and Priya Singh. Through the app, users can track the real-time location of any bus, buy tickets, and travel by just scanning a special QR code.
The firm has locations in more than 50 Indian cities, including, among others, Bengaluru, Jaipur, Kolkata, and Bhopal.
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