Chalo, a public transport technology company, announced that it has raised about $40 million in its Series C round led by Lightrock India and Filter Capital.
The round also saw participation from existing investors WaterBridge Ventures, Raine Venture Partners, Neeraj Arora (former Chief Business Officer, WhatsApp) and Amit Singhal (former SVP, Google), all of whom were early investors in the company. The Raine Group was the exclusive advisor for this transaction, the company stated.
With this funding, mobility startup Chalo aims to invest further in technology, deepen its presence in India, and expand to international cities.
