Summary
Low-ticket transactions, a large market share in non-metropolitan cities, and a lack of technological intervention make public mobility an unattractive segment. Bus startups — targeting premium urban commute or mass mobility — aren’t broken yet. Against this grim backdrop, what excites Chalo and its founder Mohit Dubey that they can harness digital and data to negotiate this slippery segment?
Earlier this month, public-mobility startup Chalo announced a $40 million fundraising from a group of venture-capital investors. While the emergence of brand new unicorns and several tech IPOs obscured the news somewhat, a bus startup needs some attention to get enough venture capital. Consider this: India’s biggest mobility unicorn Ola shut down its bus unit in early 2018 after two-and-a-half years of driving without motivation. Hailstone
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