CityFlo was founded in August this year by Jerin Venad, Subhash Sundaravadivelu, Rushabh Shah, Advaith Vishwanath, Ankit Agrawal and Sankalp Kelshikar. CityFlo works together with the biggest bus operators in Mumbai to provide a reliable mode of transport for Mumbaikars at an affordable price. Using the CityFlo app, a commuter can find route and timing info, and can book a ride to work.
Private bus owners, on their own, do not have too many routes within the city. Most that do ply intra-city, are usually company buses for employees. This is where CityFlo steps in, it helps bus owners utilise their buses more efficiently by running multiple routes during the day. Unlike for longer trips, customers are not restricted to a single private bus company.
Since launching the app and operations in September, CityFlo runs over 60 buses and is currently doing 2,200 rides per day. On the limited routes provided by the startup, 77% of its customers are repeated users.
Tickets on CityFlo cost about INR 3 per km with an average ticket size of INR 60 per commute booked. The prices are same as the AC bus fares on Brihanmumbai Electric Supply and Transport (BEST) local city buses. As of now, the platform sees an average of about 1,800 seat booking transactions on a daily basis.
The company will utilise the funds to penetrate bus routes in Mumbai and then expand to other cities.