CityFlo Raises $750,000 From IDG Ventures

Company Name : CityFlo
Funding Amount : $750,000
Investor(s) IDG Ventures . .
Funding Round : Not Disclosed

CityFlo has raised $750,000 in a round led by IDG Ventures.

Founded in September 2015, Mumbai based startup, CityFlo is a bus aggregator and will use the raised funds to expand operations in Mumbai and expand to other cities. The company will also be using technology to analyse real time traffic and identify potential routes.

Over the next 6 months, the company plans to hire at least 100 people in its core team to strengthen its operations and technology.The company runs over 65 buses and is currently doing 2,200 rides per day.

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