About Cityflo
Cityflo is a Transportation, Automotive & Logistics company based in Thane (India) founded in 2015 by Rushabh Shah, Sankalp Kelshikar, Ankit Agrawal, Jerin Venad, and Ashok Agrawal. App-based air-conditioned bus services for office commutes are provided. Cityflo has raised $19.22 million across 11 funding rounds from investors including LetsVenture, Alteria Capital and India Quotient. The company has 111 employees. Cityflo was last valued at $45.15 million in November 2022. Its chief executive, as recorded, is Jerin Venad. Its website cityflo.com draws about 73 thousand monthly visits. Its Indian entity Komorebi Tech Solutions Private Limited reported revenue of ₹76.23 Cr. Cityflo offers products and services including Cityflo App, Single Ride, and LITE Pack. Its focus areas include Consumer, Road Transport Tech, Mass Transit and Shuttle. Its competitors include redBus, IntrCity SmartBus and AbhiBus; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Thane, India
- Employees 111
- Founders Rushabh Shah, Sankalp Kelshikar, Ankit Agrawal, Jerin Venad, Ashok Agrawal
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website cityflo.com
- Social LinkedIn X Facebook Instagram
- Legal Name Komorebi Tech Solutions Private Limited
- Date of Incorporation 22 Jun, 2015
- Jurisdiction Thane, Maharashtra, India
- Annual Revenue₹76.23 Cr
FY 2025 · +26% YoY
- Net Loss-₹13.79 Cr
FY 2025 · -18% margin
- EBITDA-₹10.81 Cr
FY 2025 · -14% margin
- Total Equity Funding$19.22M (USD)
in 11 rounds
- Latest Funding Round$3.72M (USD), Series B
Nov 2025
- InvestorsLetsVenture
& 40 more
- Employee Count111
Associated legal entities of Cityflo
Cityflo operates through Komorebi Tech Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Komorebi Tech Solutions Private Limited CIN U72502MH2015PTC265850 | Active | 22 Jun 2015 | Thane, Maharashtra | ₹76.2 Cr | 111 | 2 | View details |
Products & Services of Cityflo
Cityflo offers a comprehensive portfolio of products and services, including Cityflo App, Single Ride, and LITE Pack.
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 $19.22M across 11 strategic funding rounds. The most recent funding activity was a Series B round of $3.72 million completed in November 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 $19.22M
- Total Rounds 11
- Last Round Series B — $3.72M
- First Round $868,631
(Aug 2015)
- Investors Count 41
Latest 10 of 11 funding rounds of Cityflo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2025 | $3.72M | Series B | – | – | |
| May 2025 | $591,269 | Series B | – | – | |
| Oct 2023 | $1.96M | Series B | – | – | |
| Nov 2022 | $2.84M | Series B | $45.15M | Radha Madhav Trust | |
| Aug 2020 | $235,311 | Series A | $22.98M | – | |
| Jun 2020 | $143,080 | Series A | $••••• | – | |
| Dec 2019 | $8M | Series A | $••••• | Lightbox, Alteria Capital | |
| Apr 2019 | $430,482 | Seed | $••••• | IQ Capital | |
| May 2017 | $194,044 | Seed | $••••• | Prasanna Purple | – |
| Jun 2016 | $246,556 | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $45.15M | •••••••• |
| Aug 2020 | $22.98M | •••••••• |
| Jun 2020 | $••••• | •••••••• |
| Dec 2019 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
| May 2017 | $••••• | •••••••• |
| Jun 2016 | $••••• | •••••••• |
| Aug 2015 | $••••• | •••••••• |
Full valuation and stage history of Cityflo
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $45.15M (Nov 2022). 41 investors in total: 23 institutional and 18 angel.
Investors in Cityflo
Cityflo has secured backing from 41 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include LetsVenture, Alteria Capital and India Quotient.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on early-stage startups | Mumbai, India | |||
Venture capital investments are directed toward India's consumption market businesses. | lightbox.vc | Mumbai, India | ||
Investment in Indian startups across technology and fintech sectors. | 2012 | indiaquotient.in | Mumbai, India | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Deep tech venture capital firm investing in European and global startups. | iqcapital.vc | |||
Venture capital fund focused on seed-stage startups | chiratae.com | Bengaluru, India | ||
Investments in travel tech startups are managed by Lasmer. | Singapore, Singapore | |||
| radhamadhavtrust.org | ||||
Solar energy projects are developed in India by Sadabahar Commodities. | Kolkata, India |
Investor details for Cityflo
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Board of directors of Komorebi Tech Solutions Private Limited (Cityflo)
Komorebi Tech Solutions Private Limited is the primary company behind Cityflo. The board of Komorebi Tech Solutions Private Limited currently have 2 directors; the longest-serving is Jerin Venad Jolly, appointed in 2015. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jerin Venad Jolly DIN 07218420 | Director | 22 Jun 2015 | 11 yrs 4 mo | Komorebi Tech Solutions Private Limited |
| Rushabh Anil Shah DIN 07722697 | Director | 05 Jun 2019 | 7 yrs 5 mo | Komorebi Tech Solutions Private Limited |
People of Cityflo
5 people are tracked at Cityflo (5 in leadership); the tracked headcount is 111.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Sankalp Kelshikar | Co-Founder | Leadership |
Ankit Agrawal | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Ashok Agrawal | Co-Founder | Leadership |
Complete people profiles for Cityflo
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Financials of Cityflo
Figures of Komorebi Tech Solutions Private Limited, the primary company behind Cityflo, for FY 2025. Revenue was ₹76.23 Cr (+26% year on year). Net loss was -₹13.79 Cr (-18% margin). EBITDA was -₹10.81 Cr (-14% margin). Revenue has grown at a compounded annual rate of +59% over three years and +33% over five years.
- ₹76.23 CrRevenue · FY 2025 · +26% YoY
- -₹13.79 CrNet loss · -18% margin
- -₹10.81 CrEBITDA · -14% margin
- ₹4.7 LakhPaid-up capital
- 111Employees (provident fund records)
- +59%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Komorebi Tech Solutions Private Limited are on its company page.
Detailed financial statements for Cityflo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Cityflo
4 dated milestones of Cityflo across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Cityflo is founded.
- Funding First funding round of $869K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $3.7M.
Competitors of Cityflo
Cityflo has 3 listed competitors in our database, 3 of them funded. They include redBus, IntrCity SmartBus and AbhiBus.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| redbus.in | 2006 | Bengaluru, India | $10M | 801 | Bus tickets are booked online via portal and mobile app. | |
| intrcity.com | 2011 | Noida, India | $46.65M | 596 | Sleeper bus tickets are provided via an online booking platform. | |
| abhibus.com | 2008 | Hyderabad, India | $12.87M | 89 | Transportation tickets and accommodations are booked via an online platform. |
Detailed competitors of Cityflo
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Web traffic of Cityflo
The website of Cityflo (cityflo.com) receives about 72.8K visits a month.
- Monthly visits72.8K
▲ 26.8% vs previous month
Websites whose visitors overlap most with Cityflo. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| memumbai.com | 100% | #1,419,281 | View details | ||
| routematic.com | 94% | 93.9K | #353,138 | View details | |
| peoplematters.in | 94% | 153.1K | #285,549 | View details | |
| indianstartupnews.com | 94% | 353.8K | #136,006 | View details | |
| vvcmc.in | 94% | #306,120 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Cityflo
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- 9 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Road Transport Tech
3 companies that operate in the same segment as Cityflo (Road Transport Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 826.75 M | USD 19.11 M | 817 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M |
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Related news about Cityflo
Complete news archive for Cityflo
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Frequently Asked Questions about Cityflo
Cityflo was founded in 2015.
Cityflo is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
Jerin Venad is the CEO of Cityflo, as recorded in our data. They have also founded this company.
Cityflo is a funded company, having raised a total of $19.22M across 11 funding rounds to date. The company's 1st funding round was a Seed of $246.56K, raised on Aug 2015.
Cityflo has 111 employees.
The primary company behind Cityflo, Komorebi Tech Solutions Private Limited, reported revenue of ₹76.23 Cr for FY 2025, up 26% year on year.
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.
Cityflo's top competitors include redBus, AbhiBus and IntrCity SmartBus.
Cityflo offers Cityflo App, Single Ride, and LITE Pack.
Cityflo has 41 investors. Key investors include LetsVenture, Alteria Capital, India Quotient, Prasanna Purple, and Radha Madhav Trust.
The valuation of Cityflo is $45.15M as of Nov 2022.
Cityflo operates through Komorebi Tech Solutions Private Limited.