Bus transport tech company Chalo raises $45 million

Public transport technology company Chalo has raised $45 million in a funding round led by Avataar Ventures, along with existing investors Lightrock India, WaterBridge Ventures, and Amit Singhal, former Senior VP and head of Google Search.

Chalo also announced an additional $12 million secured in venture debt from Trifecta and Stride Ventures. This takes the total funds raised by the company to $119 million. The latest round values the company at around $450 million, sources said.

Chalo is a tech platform to improve the consumer experience in city buses and make buses more reliable.


With the Chalo App, passengers can track their bus and see its live arrival time, eliminating waiting time at bus stops.

For bus operators, the company offers a dedicated mobile app that they can use to monitor their buses live, and a digital tickets platform that enables mobile, card, and cash tickets in buses.