[Funding] Chalo raises USD 7 million led by Raine Ventures and others

Chalo is one of India’s leading public transport technology company. The startup today announced that it has raised USD 7 million in its latest round of funding. This round saw the participation of existing investors Raine Ventures. The latter is an early-stage fund managed by The Raine Group, USA. It also saw participation from Neeraj Arora (former CBO, WhatsApp) and Amit Singhal (former Senior VP and Head of Google Search). Further, family offices of Saket Burman of Dabur, Tarun Sawhney of Triveni Group, among others also participated in the round. With this latest round of funding, Chalo has raised a total of USD 30 Million till date.

The company will use the funds raised to expand its network into multiple Cities. It also aims to increase the penetration of digital tickets technology in its existing cities.

About Chalo

Chalo provides mobility solutions for consumers as well as for bus operators. It offers live bus tracking, showing live arrival, times of the buses. It also has a live passenger indicator that shows the realtime bus crowd. The app focus on safety and elimination of contact post COVID-19. Thus, Chalo has seen an increased demand for digital tickets, live bus tracking and live passenger indicator. The startup has also launched its Chalo Card in 12 cities across the country. Bus passengers can also buy mobile tickets and bus passes on the App, or choose to scan QR codes in buses to pay digitally for their bus ticket.

Read More: How is Chalo redefining mobility access in India?

Mohit Dubey, CEO, Chalo, said “In India, and in many developing countries, buses are non-discretionary. As soon as cities were unlocked, we saw millions of commuters returning to buses. Buses are not just the most affordable means to commute, they are fundamental for the cities’ economy and revival. Chalo digitises these buses and makes them safe and reliable - with live tracking and contactless digital payment. We are building a unique company to improve experience in stage-carriage buses using a full tech stack. We are fortunate to have amazing investors who have partnered with us to build a better public transport solution for cities in India. Soon we will be doing this in international cites as well.”