Lightrock India and Filter Capital led a $40m Series C funding round in Chalo.

Lightrock India and Filter Capital, two private equity firms, led a $40m Series C funding round in Chalo, an app which helps riders track buses across cities, with participation from WaterBridge Ventures, Raine Venture Partners, Neeraj Arora and Amit Singhal. “Bus mobility in India is a $35bn market opportunity. Unfortunately, it has not seen any tech disruption or meaningful service improvements. Chalo offers a full-stack solution for passengers, fragmented private bus operators and municipalities to improve this essential citizen service for over 350 million Indians,” Manish Kheterpal, WaterBridge Ventures Partner.