The funds raised will be utilised by the Mumbai-based public transport technology startup to expand Chalo’s network into multiple cities, as well as to increase the penetration of digital tickets technology in its existing cities.
Chalo, a Mumbai-based public transport technology startup, on Wednesday announced
that it raised $7 million in its latest round of funding. This round includes
Chalo’s existing investors Raine Ventures, the early-stage fund managed by The
Raine Group, USA; Neeraj Arora (former Chief Business Officer, WhatsApp); and
Amit Singhal (former Senior Vice President and Head of Google Search, Google).
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