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chalo.com

Founded Year

2014

Stage

Series C - II | Alive

Total Raised

$60.89M

Last Raised

$13.89M | 1 mo ago

About Chalo

Chalo offers a mobile app that tracks buses live on a map and shows users the time a bus will reach a bus stop. Chalo was founded in 2014 and is based in Mumbai, India.

Chalo Headquarter Location

F-611 Tower 2 Seawoods Grand Central

Mumbai, 400 706,

India

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Expert Collections containing Chalo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Chalo is included in 1 Expert Collection, including Travel Technology (Travel Tech).

T

Travel Technology (Travel Tech)

2,131 items

The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.

Latest Chalo News

Exclusive: Bus tracking and ticketing platform Chalo raises $14 Mn

Apr 25, 2022

The bus tracking and ticketing service provider Chalo has raised close to $14 million in a fresh round from new and existing investors. This is the second round of funding for the company in the past six months. Chalo raised $13.89 million from Lightrock India, Kalaari Capital and Matrix Venture Partners, its regulatory filings in Singapore show. Lightrock led the round with $7.8 million while Matrix and Kalaari infused $3.03 and $3 million respectively. The new proceeds appear to be an extension of its Series C round. The company had raised a $40 million Series C round in September. The new money also has come at a time when Chalo is in the market to raise up to a $200 million round at about an $800 million valuation, as per an ET report . According to Fintrackr’s estimates, Chalo has been valued at about $365 million (post-money) in this fresh tranche. A Chalo spokesperson declined to comment on the story. Chalo makes money by tying up with local city bus operators across India, and providing GPS tracking and online ticketing for passengers, which includes digital bus passes for multiple journeys; the operators pay the company for increased ridership. Mumbai’s largest local bus operator, BEST, announced this month that it would be taking a larger amount of its fleet fully digital with Chalo’s product, including a “Chalo Card” that uses NFC. It raised a total of $76 million (including this tranche) across several rounds. Chalo had recently acquired self-drive scooter rental service Vogo and Toyota-backed Shuttl’s intellectual property in 2021. Entrackr was first to report about Vogo’s acquisition by Chalo in  November. Launched in 2014 by Mohit Dubey, Vinayak Bhavnani, Priya Singh, and Dhruv Chopra, Chalo had a flat growth during FY21. Its operational revenue stood at Rs 27.63 crore in FY21 as compared to Rs  27.43 crore in FY20, its annual financial statements show. The company’s losses were also reduced by 42% to Rs 33 crore in FY21.

Chalo Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Chalo Rank

  • When was Chalo founded?

    Chalo was founded in 2014.

  • Where is Chalo's headquarters?

    Chalo's headquarters is located at F-611 Tower 2, Mumbai.

  • What is Chalo's latest funding round?

    Chalo's latest funding round is Series C - II.

  • How much did Chalo raise?

    Chalo raised a total of $60.89M.

  • Who are Chalo's competitors?

    Competitors of Chalo include Moovit.

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