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Exclusive: Mobility Startup Chalo Raises INR 53 Cr From Cofounders, Others

  • 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.

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