Fundz

India’s Chalo Raises $45 Million In Fresh Funding To Digitize Bus Commutes

PRIVATEMay 22, 2023

Amount Raised

$45 Million

Round Type

Funding Round

Navi MumbaiSoftware

Investors

Stride VenturesTrifectaFormer Google Executive Amit SinghalWater Bridge VenturesLightrock IndiaAvataar Ventures

Description

Indian startup Chalo, which is working to transform bus commutes, has raised $45 million in a new funding round and secured an additional $12 million in debt as it works on deepening its mobility offerings and launches in more international markets.

Quick answer

Chalo raised $45 Million in a Funding Round round, dated May 22, 2023. Investors: Stride Ventures, Trifecta, Former Google Executive Amit Singhal, Water Bridge Ventures, Lightrock India and Avataar Ventures. Chalo is based in Navi Mumbai, Maharashtra, India.

How much did Chalo raise?
Chalo raised $45 Million in a Funding Round round on May 22, 2023.
Who invested in Chalo?
Stride Ventures, Trifecta, Former Google Executive Amit Singhal, Water Bridge Ventures, Lightrock India and Avataar Ventures are named as investors in this round.
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.

  • nami raised $11M (Series A) on July 6, 2023.
  • Verses Technologies raised $871K (Seed) on July 6, 2023.
  • Ex Fusion raised $1.8B (Seed) on July 6, 2023.
  • Battery Smart raised $33M (Funding Round) on July 6, 2023.
  • Gooten raised $11M (Series A) on July 5, 2023.
  • NEU Battery Materials raised $3.7M (Seed) on July 5, 2023.

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

Works inside ChatGPT and Claude. Ask who to call at Chalo. With Fundz connected, it knows.

Watch Fundz in
See plan options
Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

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!

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Chalo raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Predictive Intelligence
Strategic

ML-powered predictions for Chalo's next move

See what Strategic adds

Chalo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.