News > App-based bus service provider Cityflo raises $8 mn led by Lightbox Ventures
App-based bus service provider Cityflo raises $8 mn led by Lightbox Ventures
LiveMint | 25/11/2020 06:51 PM | Click to read full article
Cityflo, an app-based bus service provider, has raised ₹ 57 crores ($8 million) in Series A funding led by Lightbox Ventures along with existing investors India Quotient among others. The Mumbai-based company said it will utilize the funds to expand and upgrade its operations, increase presence on heavy traffic routes and build the service.
Founded in 2015, Citiflo currently works with a total of 160 buses and provides services in Mumbai, Navi Mumbai and Thane.