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Chalo navigated mobility’s worst year. Can it now find a revenue route?

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Aditi Shrivastava

156 reads
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Aditi Shrivastava

156 reads

The transport tech startup has raised funds twice in a pandemic-hit market and acquired bus aggregator Shuttl. It is on track to close another major deal. But bus services are a highly regulated and low-ticket business in India. So, what is bringing investors here?

February 10, 2022

9 MINS READ

Until about two years ago, most investors made little of the largest segment of mobility in India, literally missing the bus. That position is undergoing a sharp reversal.

“The unsexiest business in transportation, buses, has finally found some investor love. All it took was a global pandemic,” quipped a founder in the mobility space, referring to the rising venture interest in companies like Chalo.

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