Chalo’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Chalo Mobility Private Limited | CIN: U72900MH2014PTC254181
Chalo, founded in 2014 by Aggarwal Nikhil, Ashish Kumar Jindal, Dhruv Chopra, and Priya Singh, is a technology-driven bus transport solutions company. The startup has transformed public bus operations in India through digital ticketing, live tracking, and route optimization, enabling efficient and reliable commutes. Chalo partners with private and government bus operators, digitizing fleets to improve utilization and customer experience. With strong backing from investors like Lightrock, WaterBridge, and Filter Capital, Chalo is rapidly scaling across major Indian cities and expanding its footprint globally.
| Founded | 2014 |
|---|---|
| Headquarters | Mumbai, India |
| Valuation | ~$450 million |
| Annual Revenue (FY24 est.) | ₹170 Cr |
| Net Loss (FY24 est.) | ₹55 Cr |
| Employees | ~1,500 |
| Round | Year | Amount | Investors |
|---|---|---|---|
| Series A | 2017 | $8 million | Various early-stage investors |
| Series B | 2021 | $40 million | Lightrock, WaterBridge, Filter Capital |
| Series C | 2022 | $62 million | Existing investors, new strategic backers |
Chalo’s revenue has steadily grown, fueled by city expansions and digital ticketing adoption. Losses have gradually narrowed as operational efficiencies improved.
EBITDA margins remain negative but continue to improve as Chalo scales and optimizes route operations and fleet utilization.
Employee count has increased, supporting expansions into new cities and building advanced tech infrastructure for seamless passenger experiences.
- Expansion into additional Tier-1 and Tier-2 cities
- Investments in electric and green fleet initiatives
- Development of global partnerships for SaaS bus solutions
- Long-term goal of a potential IPO in the next few years
Chalo recently announced the rollout of a 100% electric fleet pilot program and secured strategic partnerships with international mobility firms to expand technology solutions globally.
| Metric | Detail |
|---|---|
| Revenue FY24 | ₹170 Cr – Strong city expansion and digital adoption |
| Net Loss FY24 | ₹55 Cr – Losses narrowing as operations scale |
| EBITDA Margin | -22% – Gradually improving due to optimization |
| Valuation | ~$450M – Supported by Series C and strategic expansion |
| Employees | ~1,500 – Expansion and tech hiring boost |
Chalo’s tech-first approach to bus mobility positions it as a key enabler of smart urban transport in India. Its growth momentum and digital solutions make it a valuable player in the mobility space. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
Economic Times, Entrackr, Inc42, Moneycontrol, BusinessLine
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