Tech Company Financing Transactions

Chalo Funding Round

Chalo, operating out of Mumbai, secured $45 million in funding from Avataar Ventures, private investors and Lightrock.

Transaction Overview

Company Name
Announced On
5/22/2023
Transaction Type
Venture Equity
Amount
$45,000,000
Round
Series D
Investors

Avataar Ventures (Lead Investor)

private investors (Amit Singhal)

Lightrock (Vaidhehi Ravindran)

Stride Ventures

Trifecta Capital

WaterBridge Ventures (Manish Kheterpal)

Proceeds Purpose
Chalo, which also has a presence in Southeast Asia, plans to boost e-vehicles in its fleet and continue expanding into additional international markets.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
F-611 Tower 2 Seawoods Grand Central
Mumbai, 400706
India
Phone
Undisclosed
Email Address
Overview
Chalo is India's #1 bus transport technology company that provides live bus tracking services and contactless payment solutions to transform everyday bus travel into a safer and more reliable experience.
Profile
Chalo LinkedIn Company Profile
Social Media
Chalo Company Twitter Account
Company News
Chalo News
Facebook
Chalo on Facebook
YouTube
Chalo on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Mohit Dubey
  Mohit Dubey LinkedIn Profile  Mohit Dubey Twitter Account  Mohit Dubey News  Mohit Dubey on Facebook


 

 

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Prev: 5/22/2023: Grapefruit Health venture capital transaction
Next: 5/22/2023: Westhill venture capital transaction

 

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Where The Data Comes From

We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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