# Chalo Mobility Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chalo-mobility-private

- Industry: Software
- Headquarters: Navi Mumbai, India
- Website: www.chalo.com
- Total disclosed funding: $133M
- Latest round: Series D (May 22, 2023)
- Investors on record: 14

## About

Chalo Mobility Private Limited, based in India, focuses on enhancing bus travel through innovative digital solutions, catering to millions of daily commuters with an emphasis on convenience and efficiency.Founded in 2014 in Navi Mumbai, India, Chalo Mobility Private Limited specializes in digital solutions for the bus transportation sector. Led by CEO Mohit Dubey, the company has successfully raised a total of USD 45.00 mn, with the latest funding round being a Venture Debt round of USD 12.00 mn on May 22, 2023. The firm has completed 10 significant deals to date, reflecting its growing market presence.Chalo specializes in providing a comprehensive suite of digital solutions aimed at enhancing the bus travel experience in India. The company's core offerings include the Chalo App, which enables users to live track their buses, purchase digital bus tickets, and access mobile bus passes, thereby streamlining the ticketing process and eliminating the need for physical cash transactions. The Chalo Card complements these services, allowing for seamless payments without the hassle of carrying change. By targeting the daily commuting needs of approximately 200 million individuals across urban areas, Chalo serves a diverse clientele that includes both individual passengers and various municipal transport agencies. Its services are currently operational in 65 cities, including major hubs like Mumbai, Chennai, and Bengaluru, thereby catering to a large and growing user base across different geographical markets.In the most recent year of 2023, Chalo reported revenue of USD 12,793,391.50, while also recording an EBITDA of USD -9,845,395.10. The company generates revenue primarily through the sale of digital bus tickets and mobile passes, facilitated via the Chalo App and Chalo Card, promoting a direct-to-consumer transaction model that enhances user convenience.In May 2023, Chalo Mobility Private Limited raised USD 45.00 mn in Series D funding, aimed at expanding its market reach. The company intends to utilize this funding for the development of new products and services tailored to enhance user experience in bus travel. Specific plans include targeting additional urban areas across India for service expansion, with the goal of reaching more than 100 cities by the end of 2024. This strategic growth initiative is expected to significantly bolster Chalo's operational footprint and user engagement.

## Funding rounds

- Series D, May 22, 2023, $45M — Lightrock, WaterBridge Ventures, Avataar Venture Partners
- Series D, Apr 24, 2023, $24M — Smart Start, Avataar Venture Partners
- Series C, Mar 30, 2022, $14M — Matrix Partners, Kalaari Capital, Lightrock
- Series C, Aug 16, 2021, $29M — The Raine Group, Lightrock, Pensco Trust Company, WaterBridge Ventures, Filter Capital India Advisors
- Series B, Apr 23, 2019, $19M — The Raine Group, Pensco Trust Company, WaterBridge Ventures, General Catalyst India, Xiaomi Group, Smart Start Fund, Pali Hill Ventures
- Series A, Jan 22, 2019, $2.3M — Pensco Trust Company, WaterBridge Ventures, Smart Start Fund, Pali Hill Ventures
- Seed, Dec 20, 2016, $0.5M — Smart Start Fund, Fort Kochi Holdings

## Investors

- Smart Start Fund (https://capitalatlas.ai/funds/smart-start-fund) — Seed, Series A, Series B
- Fort Kochi Holdings — Seed
- Pensco Trust Company — Series A, Series B, Series C
- WaterBridge Ventures (https://capitalatlas.ai/funds/waterbridge-ventures) — Series A, Series B, Series C, Series D
- Pali Hill Ventures — Series A, Series B
- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series B, Series C
- General Catalyst India (https://capitalatlas.ai/funds/general-catalyst-india) — Series B
- Xiaomi Group — Series B
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series C, Series D
- Filter Capital India Advisors (https://capitalatlas.ai/funds/filter-capital-india-advisors) — Series C
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series C
- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Series C
- Smart Start — Series D
- Avataar Venture Partners (https://capitalatlas.ai/funds/avataar-venture-partners) — Series D