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Bus-tracking app Chalo to raise INR 50 crore from Xiaomi

Apr 6, 2019

Bus-tracking app Chalo to raise INR 50 crore from Xiaomi

China's Xiaomi and Shunwei Capital are reportedly close to buying around 10% stake in bus-tracking app Chalo for about INR 50 crore.

The deal, which will let some initial investors exit, values Chalo at around ₹500 crore, the report said. The investment fits well with Xiaomi's plan to invest $1 billion in Indian startup space, the report added.

Bus-tracking app Chalo to raise INR 50 crore from Xiaomi

China Shunwei Capital Startup India Startups in India Xiaomi

Piyush Verma

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Bus-tracking app Chalo to raise INR 50 crore from Xiaomi

Bus-tracking app Chalo to raise INR 50 crore from Xiaomi

Piyush Verma

Categories

AD

Most Viewed

Android Q Beta 3 offers 200+ new cute emojis

Lucy Liu: My Confrontation with Bill Murray on "Charlie's Angels"

Jodie Foster for Calvin Klein, 90s

First look at Captain Hook in ‘Peter Pan's Neverland Nightmare’

Elizabeth Olsen: Embracing Her Effortless Glow

Scarlett Johansson and the AI Voice Controversy

Jennifer Lawrence: Oh! She Looks So Cute