About Chalo
Chalo is a company based in Mumbai (India) founded in 2014 by Dhruv Chopra, Priya Singh, Mohit Dubey, and Vinayak Bhavnani.. Chalo has raised $117.44 million across 10 funding rounds from investors including Xiaomi, BlackSoil and Lightrock. Chalo has completed 3 acquisitions, including Shuttl, Vogo and Vogo. Chalo operates in a competitive market with competitors including Townbus App, Ugoo, Zatri, BusRestro and WhereisMyBus, among others.
- Headquarter Mumbai, India
- Founders Dhruv Chopra, Priya Singh, Mohit Dubey, Vinayak Bhavnani
- Stage Minicorn
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Chalo
Chalo has successfully raised a total of $117.44M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $3.8 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series D — $3.8M
-
First Round
First Round
(29 Oct 2015)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Debt – Conventional - Chalo | Valuation |
investors |
|
| May, 2025 | Amount | Series D - Chalo | Valuation |
investors |
|
| May, 2023 | Amount | Debt – Venture - Chalo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chalo
Chalo has secured backing from 21 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Xiaomi, BlackSoil and Lightrock. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private debt and equity funds are managed for technology sectors.
|
Founded Year | Domain | Location | |
|
Venture debt is provided to growth-stage companies for business scaling.
|
Founded Year | Domain | Location | |
|
Investment in growth-stage B2B and SaaS companies is facilitated through strategic support and funding.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Chalo
Chalo has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Shuttl, Vogo and Vogo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Provider of shared and private shuttle services for airport transportation and intra-regional travel
|
2015 | ||||
|
On-demand scooter rentals are facilitated via mobile app in India.
|
2015 | ||||
|
Motorcycle parts and accessories are manufactured by Vogo in Canada.
|
1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Chalo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chalo Comparisons
Competitors of Chalo
Chalo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Townbus App, Ugoo, Zatri, BusRestro and WhereisMyBus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers TNSTC and MTC bus timings, routes, and Chennai transport services.
|
|
| domain | founded_year | HQ Location |
Offers an online platform for on-demand intracity bus services focused on school transportation.
|
|
| domain | founded_year | HQ Location |
Delivers an app-based platform for live bus transit tracking and management services.
|
|
| domain | founded_year | HQ Location |
Provides a technology platform for food delivery, ticketing, and advertising tailored to bus travelers and businesses.
|
|
| domain | founded_year | HQ Location |
Provides an online platform for real-time public transit information.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Chalo
Frequently Asked Questions about Chalo
When was Chalo founded?
Chalo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Chalo located?
Chalo is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Chalo?
Mohit Dubey is the current CEO of Chalo. They have also founded this company.
Is Chalo a funded company?
Chalo is a funded company, having raised a total of $117.44M across 10 funding rounds to date. The company's 1st funding round was a Debt – Venture of $12M, raised on Oct 29, 2015.
What does Chalo do?
Chalo was founded in 2014 in Mumbai, India, as an online platform in the transportation technology sector. Real-time bus location updates are provided through a mobile app, along with ticket and pass booking options. Digital smart cards are issued for seamless travel, and integration with city bus operators is maintained to enhance scheduling efficiency and minimize cash transactions. Operations focus on urban mobility solutions across India.
Who are the top competitors of Chalo?
Chalo's top competitors include Townbus App, Zatri and WhereisMyBus.
How many acquisitions has Chalo made?
Who are Chalo's investors?
Chalo has 21 investors. Key investors include Xiaomi, BlackSoil, Lightrock, Avataar Ventures, and Filter Capital.
What is Chalo's valuation?
The valuation of Chalo is $290M as of May 2023.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.