Bus tracking and ticketing startup Chalo raises $20M led by Avataar Ventures

Bus tracking and ticketing platform Chalo has reportedly raised $20 million in a funding round led by Avataar Ventures.

According to regulatory filings accessed by Entrackr, The board at Chalo has passed a special resolution to allot 3,015 preference shares at an issue price of $6634 per share to raise $20 million.

Founded in 2014 by Mohit Dubey, Vinayak Bhavnani, and Priya Singh, Chalo provides an app where users can track the live location of any bus, purchase tickets, and travel by simply scanning their unique QR code.

Chalo operates by partnering with local city bus operators throughout India, offering GPS tracking and online ticketing services to passengers. This includes digital bus passes for multiple journeys, with the operators paying Chalo based on increased ridership.

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