The new investment round also saw participation from its existing investors WaterBridge Ventures, Raine Venture Partners, Neeraj Arora, and Amit Singhal
The fresh infusion of capital will be utlised to invest in technology, deepen its presence in India, and also expand its business operations in international cities.
At present, Chalo operates with 15,000 buses and has a presence in 31 cities across Karnataka, Kerala, Madhya Pradesh, and others
Mobility startup Chalo has raised $40 Mn in its Series C round of funding led by Lightrock India and Filter Capital. The new round also saw participation from its existing investors WaterBridge Ventures, Raine Venture Partners, Neeraj Arora (former WhatsApp chief business officer) and former SVP of Google Amit Singhal.
The funding will be utilised to invest in technology, deepen its presence in India, and also expand its business operations in international cities.