Mobility startup Chalo bags $57 Mn funding to enter new international markets
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Mobility startup Chalo has raised a funding of $57 Mn (INR 472.2 Cr), in a mix of debt and equity, as part of its Series D round. Of this, $45 Mn was raised through equity funding in a round led by Avataar Ventures, with participation from existing investors such as Lightrock India, WaterBridge Ventures, former Google executive Amit Singhal, among others. The startup raised the remaining $12 Mn in venture debt from Trifecta and Stride Ventures.