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App-based bus service CityFlo bags $7.7 Mn from Lightbox to expand service

Shortpedia

Content Team
Image Credit: shortpedia

Mumbai-based app-based bus service Cityflo has raised INR 57 Cr or $7.7 Mn in Series A funding round led by Lightbox Ventures to expand its services on the current and new route. The company had previously raised INR 3 Cr from India Quotient and other angel investors in a seed round in 2019. The company had also raised $750K from IDG Ventures shortly after its launch in 2015.