2015
Thane (India)
Series B
Cityflo App is a platform for booking shuttle services. Users can book services by providing location, destination, user detail, payment details, preferred dates, and more. The platform offers features like online payments, live vehicle tracking, subscription services, and more. The mobile application is available for Android and iOS platforms.
Cityflo provides a unique commuting experience with its premium AC buses, offering:
Comfortable and Express Rides: Buses are designed to mimic the comfort of personal cars, with features like ample legroom and a smoother ride.
Door-to-Door Service: Direct routes from home to office, reducing travel time and stress.
Flexible Plans: Offers flexible booking options to accommodate various work schedules.
Real-Time Tracking: Users can track their buses and reschedule rides easily.
Cityflo's unique value proposition lies in its ability to provide a car-like experience without the hassle of driving. By focusing on comfort, reliability, and convenience, Cityflo encourages car owners to switch to its premium bus services, contributing to reduced congestion and environmental benefits.
Cityflo primarily generates revenue through ticket sales and subscription models for its premium bus services. The company operates on a B2C model, targeting individual commuters.
Direct Ticket Sales: Generates revenue from individual ticket purchases.
Subscription Plans: Offers flexible subscription options for frequent commuters, providing discounts and convenience.
Partnerships: Collaborates with bus owners and operators to lease vehicles, reducing operational costs.
Cityflo targets working professionals in urban areas, particularly those who value comfort and convenience in their daily commutes. The company focuses on serving the top 15-20% of commuters who account for the majority of transportation spend.
Cityflo's growth strategy involves:
Market Expansion: Plans to expand its operations to more cities and increase its fleet size significantly.
Product Innovation: Continuously enhances its services by improving bus comfort and integrating technology for better user experience.
Partnerships: Focuses on building strategic partnerships with vehicle manufacturers and operators to improve efficiency and scalability.
$14.9Million
9
$2.0Million, Series B
as of October 18, 2023
$46.9Million
as of February 1, 2024
-
as of N/A
Chiratae Ventures
and 7 more85
ELIVAAS
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
October 18, 2023 | Series B | $2.0Million | - | $7.0Million | - | Aarem Ventures, Murari Investment and Trading, G K Investment, Uttam Commercial Co, Oxford Heights , Radha Madhav Trust, Electrocast Sales India, Sadabahar Commodities, Sigma Commercials, S24 Capital Advisory |
November 29, 2022 | Series B | $2.8Million | $51.8Million | $4.6Million | 10.5x | Lightbox, India Quotient, Aarem Ventures , Radha Madhav Trust, LetsVenture, Best Pearl Holding, Avyanpashupathycapitaladvisors, Siddhant Investments, Nirankar Advisor |
August 9, 2020 | Series A | $235.0K | $23.0Million | $2.1Million | - | Lightbox |
June 1, 2020 | Series A | $143.0K | $22.6Million | $2.3Million | - | Alteria Capital |
December 30, 2019 | Series A | $8.0Million | $16.2Million | $2.2Million | - | Lightbox, Alteria Capital, India Quotient |
April 8, 2019 | Seed | $430.0K | $3.2Million | $1.2Million | - | IQ Capital |
May 2, 2017 | Seed | $194.0K | $1.0Million | $179.0K | - | Prasanna Purple |
June 1, 2016 | Seed | $247.0K | $3.3Million | $148.0K | - | Chiratae Ventures |
August 9, 2015 | Seed | $869.0K | $534.0K | - | - | Chiratae Ventures, Lasmer |