Chalo, a public transport technology company in India, has raised $7 million in its latest round of funding.
This round includes Chalo’s existing investors Raine Ventures, the early-stage fund managed by The Raine Group, USA, Neeraj Arora (former Chief Business Officer, WhatsApp) and Amit Singhal (former Senior Vice President and Head of Google Search, Google).
The new round of funding saw participation from the family offices of Saket Burman of Dabur, Tarun Sawhney of Triveni Group, among others.
Chalo has raised $30 million till date.
The funds raised will be utilised for expanding Chalo’s network into multiple cities as well as to increase the penetration of digital tickets technology in its existing cities.
