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chalo raised $7 million in funding.

Chalo, a start-up in public transport technology, today reported that it has raised $7 million from US-based Raine Ventures.
Raine Ventures, the early-stage fund run by The Raine Group, USA, Neeraj Arora (late Chief Business Officer, WhatsApp) and Amit Singhal, former Senior Vice-President and Head of Google Search, Google. This round includes Chalo’s current investors. Participation from the family offices of Saket Burman of Dabur, Tarun Sawhney of Triveni Party, among others, also saw the new round of funding.

With this new funding round, Chalo has raised $30 million in total to date. The company said it would use the funds to extend the Chalo network to multiple cities, as well as to increase digital ticket technology penetration in its current cities.

Mohit Dubey, CEO of Chalo, said: “Buses are non-discretionary in India and in many developing countries.” We saw millions of commuters return to buses as soon as towns were unlocked. Buses are not only the most accessible means of commuting, but they are also central to the economy and revival of the cities. With live monitoring and contactless digital payment, Chalo digitizes these buses and makes them safe and secure. We are creating a unique company to enhance the experience of phase-carriage buses using a full tech stack. We are lucky to have awesome investors who have partnered with us to create a better solution for cities in India for public transport.

The organization has 70 employees working full-time, with another 300 working part-time. The tech team, which now has 25 members, is going to be expanded to 50 by the end of the year, Dubey said. By inducing ahead of operations, head of data science, and vice-presidents, the startup also plans to expand its leadership team.

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