Fundz

Chalo Looks To Raise $200 Million At $800-Million Valuation

PRIVATEJan 06, 2022

Amount Raised

$200 Million

Round Type

Funding Round

Navi MumbaiSoftware

Description

Mumbai: Chalo, a transport solutions startup, is looking to raise $200 million, or around Rs 1,500 crore, to invest in technology and expand in India and in a few other countries.

Quick answer

Chalo raised $200 Million in a Funding Round round, dated January 6, 2022. Chalo is based in Navi Mumbai, Maharashtra, India.

How much did Chalo raise?
Chalo raised $200 Million in a Funding Round round on January 6, 2022.
What does Chalo do?
Chalo is India's #1 bus transport technology company that provides live bus tracking services and contactless payment solutions to transform everyday bus travel into a safer and more reliable experience.
Where is Chalo based and how big is it?
Chalo is based in Navi Mumbai, Maharashtra, India.
Who are the decision-makers at Chalo?
Fundz holds 1 contact at Chalo. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Chalo that raised within 45 days of this round, from Fundz verified event records.

  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • B2Digital, Inc. raised $489K (Seed) on February 18, 2022.
  • The INKEY List raised an undisclosed amount on February 18, 2022.
  • Vantaca raised $5M on February 18, 2022.
  • Soul Machines raised $70M (Funding Round) on February 17, 2022.

Who to call at Chalo, and when

A new round usually means Chalo is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Chalo raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Chalo, from your own LinkedIn network

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Company Information

Company

Chalo

Location

Navi Mumbai, Maharashtra, India

About

Chalo is India's #1 bus transport technology company that provides live bus tracking services and contactless payment solutions to transform everyday bus travel into a safer and more reliable experience. Transport is a fundamental need - like water or air. More people are travelling more and more every day. Yet, only around 15% of Indians can afford their own car, private taxi or a two-wheeler. The remaining 85% depend on public transport. Moreover, with growing traffic and congestion it’s becoming increasingly clear that private transport is causing more problems than it is solving; and a small but significant (and growing) segment are outright rejecting car and bike ownership. At Chalo, our core purpose is to make travel better for everyone, and we believe that our cities, our health and our lives will be better when we improve the way we travel. We have begun our journey by focusing on bus travel - making it easier for those that rely on it, and also for those that are choosing it. Buses, as a mode of transport, form the core architecture of any city's transport system. They also offer the largest improvement areas and the largest opportunity to create an impact, with 2 out of 3 public transport users depending on buses for their travel. We welcome a conversation with anyone who shares our vision and values, and especially those who wish to offer a counter-point :-) Chalo!

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Related People

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