About Cityflo
Cityflo is a company based in Thane (India) founded in 2015 by Rushabh Shah, Sankalp Kelshikar, Ankit Agrawal, Jerin Venad, and Ashok Agrawal.. Cityflo has raised $14.92 million across 9 funding rounds from investors including LetsVenture, Alteria Capital and India Quotient. The company has 111 employees as of March 30, 2024. Cityflo offers products and services including Cityflo App, Single Ride, and LITE Pack. Cityflo operates in a competitive market with competitors including redBus, IntrCity SmartBus, Omio, AbhiBus and YoloBus, among others.
- Headquarter Thane, India
- Employees 111 as on 30 Mar, 2024
- Founders Rushabh Shah, Sankalp Kelshikar, Ankit Agrawal, Jerin Venad, Ashok Agrawal
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Komorebi Tech Solutions Private Limited
- Date of Incorporation 22 Jun, 2015
- Jurisdiction Thane West, Maharashtra, India
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Annual Revenue
$5.1 M (USD)122.7as on Mar 31, 2023
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Net Profit
$-1.77 M (USD)24.39as on Mar 31, 2023
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EBITDA
$-1.77 M (USD)20.52as on Mar 31, 2023
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Total Equity Funding
$14.92 M (USD)
in 9 rounds
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Latest Funding Round
$1.96 M (USD), Series B
Oct 18, 2023
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Investors
LetsVenture
& 39 more
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Employee Count
111
as on Mar 30, 2024
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Products & Services of Cityflo
Cityflo offers a comprehensive portfolio of products and services, including Cityflo App, Single Ride, and LITE Pack. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for booking and tracking AC bus rides for office commutes
On-demand bus ride option for one-time office travel
Package offering multiple rides at discounted rates for commuters
Funding Insights of Cityflo
Cityflo has successfully raised a total of $14.92M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $1.96 million completed in October 2023. 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 9
- Last Round Series B — $2.0M
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First Round
First Round
(27 Aug 2015)
- Investors Count 40
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - Cityflo | Valuation |
investors |
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| Nov, 2022 | Amount | Series B - Cityflo | Valuation | Radha Madhav Trust | |
| Aug, 2020 | Amount | Series A - Cityflo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cityflo
Cityflo has secured backing from 40 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include LetsVenture, Alteria Capital and India Quotient. 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 |
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Venture capital fund focused on early-stage startups
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward India's consumption market businesses.
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Founded Year | Domain | Location | |
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Investment in Indian startups across technology and fintech sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cityflo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cityflo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cityflo Comparisons
Competitors of Cityflo
Cityflo 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 redBus, IntrCity SmartBus, Omio, AbhiBus and YoloBus, 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 |
Bus tickets are booked online via portal and mobile app.
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| domain | founded_year | HQ Location |
Sleeper bus tickets are provided via an online booking platform.
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| domain | founded_year | HQ Location |
App-based platform for booking transport services
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| domain | founded_year | HQ Location |
Transportation tickets and accommodations are booked via an online platform.
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| domain | founded_year | HQ Location |
Intercity bus services are booked via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cityflo
Frequently Asked Questions about Cityflo
When was Cityflo founded?
Cityflo was founded in 2015.
Where is Cityflo located?
Cityflo is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
Who is the current CEO of Cityflo?
Jerin Venad is the current CEO of Cityflo. They have also founded this company.
Is Cityflo a funded company?
Cityflo is a funded company, having raised a total of $14.92M across 9 funding rounds to date. The company's 1st funding round was a Series A of $235.31K, raised on Aug 27, 2015.
How many employees does Cityflo have?
As of Mar 30, 2024, the latest employee count at Cityflo is 111.
What is the annual revenue of Cityflo?
Annual revenue of Cityflo is $5.1M as on Mar 31, 2023.
What does Cityflo do?
Provider of app-based AC bus services for office commutes. The service offers scheduled routes with pre-booked seating, allowing users to select their pickup and drop-off points. Riders can choose from various flexible plans to suit their commuting needs, including single rides and weeklymonthly passes. The buses are air-conditioned and designed for comfortable travel. The service includes features such as ride rescheduling and cancellation options. The aim is to provide a convenient and efficient alternative to private car commutes.
What products or services does Cityflo offer?
Cityflo offers Cityflo App, Single Ride, and LITE Pack.
Who are Cityflo's investors?
Cityflo has 40 investors. Key investors include LetsVenture, Alteria Capital, India Quotient, Prasanna Purple, and Radha Madhav Trust.
What is Cityflo's valuation?
The valuation of Cityflo is $45.15M as of Nov 2022.