Announced
Completed
Financials
Sources
Tags
Acquisition
Completed
Private Equity
Transportation Services
Minority
Domestic
Venture Capital
track systems
India
Friendly
Private
Synopsis
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.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.