Mobility startup Chalo, backed by Lightrock, raises INR 52.5 Cr in funding round from existing investor Filter Capital and cofounders among others.
Funding includes a mix of equity and debt, with INR 32.5 Cr raised through convertible redeemable preference shares and INR 20 Cr from debt funding.
Chalo plans to utilize the funding for general corporate purposes, as per regulatory filings.
Chalo, a full-stack bus transport technology startup, provides services like live bus tracking, digital tickets, fleet management, and contactless payment solutions.