# CityFlo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cityflo

- Industry: Transportation Services
- Headquarters: Thane, India
- Website: www.cityflo.com
- Total disclosed funding: $9.6M
- Latest round: Series B (Nov 30, 2022)
- Investors on record: 6

## About

CityFlo, based in India, delivers efficient app-based transportation for urban commuters, offering comfortable, air-conditioned bus rides tailored for corporate clients and everyday travelers seeking reliable transport solutions.Founded in 2015 by Ankit Agrawal, Jerin Venad, Rushabh Shah, and Sankalp Kelshikar, CityFlo operates in Thane, India, focusing on innovative commute solutions. The company has successfully raised a total of INR 203.82 million through 6 funding deals, with the latest funding occurring in November 2022 during a Series B round led by Aar Em Ventures, India Quotient, LetsVenture, and Lightbox Ventures. CityFlo's operations have expanded to major urban areas including Mumbai, Hyderabad, and Delhi.CityFlo offers a comprehensive transportation solution through its app, providing comfortable, air-conditioned bus rides designed for office commutes. The service includes features such as seat reservations, ride rescheduling, and express routes with minimal stops, thus enhancing the commuting experience for corporate employees. Pricing options start from ?49 for single rides, with tailored plans available for frequent travelers.In 2022, CityFlo reported revenues of INR 2,454,906.40 and an EBITDA of -INR 2,437,204.10, primarily derived from its direct-to-consumer ride-sharing services that cater to both individual commuters and corporate clients.Following a recent funding round in November 2022 where CityFlo secured INR 203.82 million, the company plans to enhance its service offerings and expand its reach into new markets. The funding will primarily focus on developing new product features and improving operational efficiencies to accommodate the growing demand for urban commuting solutions.

## Funding rounds

- Series B, Nov 30, 2022, $2.5M — India Quotient, Lightbox Ventures, LVX, Aar Em Ventures
- Series A, Mar 19, 2020, $5.6M — India Quotient, Lightbox Ventures, Alteria Capital
- Seed, Apr 9, 2019, $0.4M — India Quotient
- Seed, Sep 15, 2015, $1.1M — Chiratae Ventures

## Investors

- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Seed
- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Seed, Series A, Series B
- Lightbox Ventures (https://capitalatlas.ai/funds/lightbox-ventures) — Series A, Series B
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series A
- LVX (https://capitalatlas.ai/funds/lvx) — Series B
- Aar Em Ventures — Series B