development is like this
Chalo’s acquisition of Amazon-backed Shuttle, a bus service for office-goers, last month and after the pandemic disrupted the mobility industry in the country.
Vogo, with its presence in cities like Hyderabad and Bengaluru, has also been hit by the pandemic. A person with knowledge of the matter said, “They are in the final stages of closing the deal.
last month, let
raised $40 million In a funding round led by LightRock India and Filter Capital. Vogo’s backers include ride-hailing firm Ola, venture fund Stellaris Venture Partners and Matrix Partners India.
When contacted, Chalo co-founder Dhruv Chopra declined to comment on the matter, while Vogo founder Anand Ayyadurai did not immediately respond to messages sent by ET.
In a recent conversation with ET in September, Ayyadurai had said that he has Hyderabad operations.
was profitable And the company was aiming to do the same in Bengaluru in the coming months. A third of its operations were in Hyderabad with a fleet of 20,000.
The company said in a press statement last month that Chalo made 20 million bus rides in September. It has around 15,000 buses plying on its platform and has a presence in 31 cities across Karnataka, Kerala, Madhya Pradesh, Bihar and Assam among other states. Apart from acquisitions and investments in technology, the startup also has plans to expand internationally.