Loading organizations...
§ Private Profile · Mumbai, India
Travel tech company offering real-time bus tracking, digital ticketing, and contactless payments for public transportation in India.
Based in Mumbai, India, Chalo is a travel technology company that provides real-time bus tracking, digital ticketing, and contactless payment solutions for public transportation systems. The platform partners directly with regional bus operators to deploy hardware and software, including the proprietary Chalo Card, which facilitates digital payments and increases daily fare revenue. Operating with a workforce of 698 employees, the enterprise currently tracks over 15,000 buses across 37 cities and has successfully powered a total of more than 100 million passenger rides. Formerly operating under the name Zophop, the business generated over ₹149.8 crore in revenue during the 2024 fiscal year and has secured more than $105.35 million in total funding from backers such as Avataar Venture Partners. Chalo was founded in 2014 by Dhruv Chopra, Mohit Dubey, Nikhil Aggarwal, Priya Singh, and Vinayak Bhavnani.
Chalo has raised $112.0M across 4 funding rounds.
Chalo has raised $112.0M in total across 4 funding rounds.
Chalo has raised $112.0M in total across 4 funding rounds.
Chalo's investors include Avataar Ventures, Amit Singhal, Animoca Brands, Galaxy Digital, SmartStart Fund, Venture Highway, Filter Capital, Vaidhehi Ravindran, DST Global, Shailendra Singh, Aaron Harris, Kevin Lin.
Chalo has raised $112.0M across 4 funding rounds. Most recently, it raised $20.0M Other Equity in May 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 22, 2023 | $20M Venture Round | Avataar Ventures | Amit Singhal | Announced |
| May 1, 2023 | $45M Series D | — | Animoca Brands, Galaxy Digital, Smartstart Fund, Venture Highway | Announced |
| Oct 1, 2021 | $40M Series C | Filter Capital, Vaidhehi Ravindran | Animoca Brands, DST Global, Galaxy Digital, Shailendra Singh, Smartstart Fund, Venture Highway, Aaron Harris, Kevin LIN, Kunal Shah, Mohit Saxena, Amit Singhal, Neeraj Arora, Raine Ventures, Manish Kheterpal | Announced |
| Jan 1, 2021 | $7M Series U | — | Animoca Brands, DST Global, Galaxy Digital, Shailendra Singh, Smartstart Fund, Venture Highway, Aaron Harris, Kevin LIN, Kunal Shah, Mohit Saxena | Announced |
Chalo is India's leading bus transport technology company, headquartered in Navi Mumbai (formerly Mumbai), providing live bus tracking, real-time transit information, contactless payments via the Chalo App and Chalo Card, and journey planning tools to make public bus travel reliable and cashless.[1][2][5] It serves millions of daily commuters in over 65 cities across India, the Philippines, and Peru, powering more than 100 million rides monthly as of recent data, while partnering with bus operators to boost their revenue by 10-30% through transparency and efficiency.[1][2][3] By solving unpredictable bus arrivals in traffic-heavy emerging markets—where most people rely on buses—Chalo has doubled user engagement in its journey planner via tech partnerships like AWS and HERE Technologies, driving 10% higher customer satisfaction.[1][3]
Founded in 2014 as Zophop (later rebranded to Chalo, meaning "Let's go" in Hindi), the company emerged from the frustration of unreliable bus commutes in India, where people wait up to 30 minutes daily amid congestion and limited bus supply.[1][2][3] Co-founders Mohit Dubey (CEO), Vinayak Bhavnani (CTO), and Dhruv Chopra (CMO) identified the gap in visibility for commuters and operators, building an app for real-time tracking of over 15,000 buses using Google Maps Platform initially.[2][3][4] Early traction came from deploying on buses in 37+ Indian cities, hitting 100 million rides by January 2022, with pivots to contactless ticketing during COVID-19 and international pilots like Bangkok accelerating growth.[2][3]
Chalo rides the global shift toward multimodal public transit tech in emerging markets, where urbanization and low car ownership (e.g., ~5% in India) demand efficient, affordable mobility amid climate pressures to reduce private vehicles.[1][3] Timing aligns with post-COVID contactless demands and AI-driven optimization, leveraging cloud giants (AWS, Google, Snowflake) to handle massive scale in data-poor regions.[1][3] It influences ecosystems by partnering with operators for revenue uplift, enabling city-scale deployments (e.g., DTC interstate buses), and paving IPO paths via funding from Filter Capital—transforming fragmented bus systems into smart networks.[4]
Chalo is poised for hypergrowth, targeting 10x bus deployments and a billion daily rides via AI/ML for predictive scheduling, video analytics, and multimodal expansions like Bangkok pilots.[3] Trends like data modernization (e.g., Quantiphi/Snowflake) and IPO momentum (recent INR 53 Cr raise) will fuel international scaling in emerging markets, evolving its role from India-focused tracker to global public transit platform—ultimately making "Chalo" synonymous with seamless bus mobility worldwide.[4]