This story is from October 27, 2021
Chalo
has acquired Shuttl’s business, the app-based office commute bus aggregator. Prior to the pandemic,Shuttl
had a presence in large Indian metros including Delhi NCR, Kolkata, Hyderabad, Pune, and Mumbai, and international cities like Bangkok, and was fulfilling about 100,000 rides daily through its 2,000 buses. The acquisition comes days after Chalo raised $40 million in funding led by Lightrock India and Filter Capital.Shuttl addresses the premium point-to-point bus services market targeted at office-goers looking for a more comfortable commute, and is a natural extension for Chalo’s stage carriage city buses business. Chalo operates in 33 cities. It was set up in 2014. The Chalo App provides live tracking of over 15,000 buses in 21 cities and has more than 70 lakh downloads as of July this year. Mohit Dubey, co-founder & CEO of Chalo, said his company and Shuttl have shared a common passion to solve the daily commute problem. “Together, we now fulfil more than 25 million rides per month, and aim for international expansion along with further growth in India,” he said.Amit Singh, co-founder & CEO of Shuttl, said, “We started out to take the pain away from daily commuters. In the process we ended up building a category, and inspiring others from different parts of the world to do the same. It's a bittersweet moment for us. We believe the team and legacy of Shuttl will thrive equally well in the new set-up.”
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