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Chalo raises $7M fresh funding

The startup raised the money from US-based early-stage fund Raine Ventures; Neeraj Arora, the former chief business officer at WhatsApp; and Amit Singhal, a former executive at Google, said Chalo in a statement. 

Chalo, which is operated by  Zophop Technologies Pvt Ltd, has raised $30 million so far with this latest funding.

The startup will use the funds to expand in different cities and boost the use of its digital-tickets technology in existing cities.

Chalo has seen an increased demand for digital tickets, live bus tracking, and live passenger indicator in the pandemic. The startup is currently present in 30 cities.

Chalo, which was founded in 2014 by Mohit Dubey, Nikhil Aggarwal, and Vinayak Bhavnani, also provides contactless payment solutions with an aim to transform bus travel into a safer experience.

Startups developing digital solutions to make travel contactless and hassle-free have attracted funding in the past year.

Source
VCCiRCLE

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