Chalo
Financials
Estimates*
USD | 2019 | 2020 | 2021 |
---|---|---|---|
Revenues | 33.2m | 39.2m | 41.8m |
% growth | - | 18 % | 7 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Seed | ||
N/A | N/A | Seed | |
N/A | Seed | ||
$7.0m | Late VC | ||
$40.0m | Series C | ||
* | $14.0m Valuation: $365m | Series C | |
* | $45.0m Valuation: $365m | Series D | |
* | $12.0m | Debt | |
Total Funding | CAD145m |
Related Content
Recent News about Chalo
EditChalo.com is a pioneering mobility company based in India that leverages technology to transform the bus travel experience. The company operates in 22 cities and is continually expanding its reach. Chalo's primary mission is to address a daily issue that affects approximately 200 million Indians - inefficient and unpredictable public transportation.
The company's primary offering is a mobile application that allows users to reserve bus seats, including those for airport transfers in Mumbai. The app also provides real-time updates on bus arrivals, eliminating the need for users to wait at bus stops. This service is particularly beneficial for the everyday commuter, providing them with a more predictable and convenient travel experience.
In addition to the app, Chalo has introduced the Chalo Card, a payment solution that eliminates the need for commuters to carry change for bus fares. Users can simply tap the card to pay for their journey, making the payment process more streamlined and hassle-free.
Chalo is also making strides in sustainable transportation, with plans to deploy 5,000 electric buses in India in partnership with Switch Mobility. This initiative not only expands Chalo's service offering but also contributes to reducing carbon emissions in the cities it operates in.
The company's business model is likely based on generating revenue from app downloads, in-app purchases for bus reservations, and the sale and top-up of Chalo Cards. The partnership with Switch Mobility may also provide additional revenue streams.
Keywords: Mobility, Technology, Bus Travel, India, Real-time Updates, Chalo App, Chalo Card, Sustainable Transportation, Electric Buses, Public Transportation.