Chalo offers an app that lets users track the live location of any bus, purchase tickets, and travel by scanning a unique QR code. It partners with local city bus operators across India, providing GPS tracking, online ticketing, and digital multi-journey bus passes. Operators pay Chalo based on increased ridership. Founded in 2014 by Mohit Dubey, Vinayak Bhavnani, and Priya Singh, the company focuses on digitizing urban bus ticketing and ridership tracking. According to regulatory filings accessed by Entrackr, Chalo has raised $20 million via the allotment of preference shares. The filings show the company issued 3,015 preference shares at an issue price of $6,634 per share. Chalo deploys GPS devices on buses and offers an app that sells tickets and monthly passes, enabling operators to accept digital payments and secure recurring revenue. Its ticketing system is designed to work offline and accept online payments while buses travel through low-connectivity areas. The company highlights operational challenges such as operators not knowing daily collections and a largely cash-based commute market. Chalo is seven years old and has grown its fleet from about 1,900 buses pre-pandemic to roughly 2,500 today, with several thousand more signed up and a target of 8,000 buses live by December. The startup reports about 20 million rides per month and emphasizes the societal impact of improving the public-bus experience. Investors and company statements indicate plans to expand its offering nationwide.

Total raised

$60M

Funding rounds

2

Latest round

Preferred

Latest activity

May 2023