Cityflo

Cityflo

App-based platform for booking shuttle service

Founded

2015

Headquarters

Thane (India)

Status

Series B

Company Details

Website

Socials

Email

Phone

+91 - 9021024024

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.

Core Products and Services

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.

Unique Value Proposition

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.

Business Model & Revenue Streams

Revenue Generation

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.

Monetization Strategies

  • 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.

Customer Segmentation

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.

Growth Strategy

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.

Key People

Jerin Venad

Advaith Vishwanath

Ankit Agrawal

Rushabh Shah

Sankalp Kelshikar

Key Metrics

Total Equity Funding

$14.9Million

No. of Funding Rounds

9

Latest Funding Round

$2.0Million, Series B

as of October 18, 2023

Post Money Valuation

$46.9Million

as of February 1, 2024

Funding Multiple

-

as of N/A

Investors

Chiratae Ventures

and 7 more

Employee Count

85

Similar Companies

ELIVAAS

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
October 18, 2023Series 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, 2022Series B $2.8Million$51.8Million$4.6Million10.5x Lightbox, India Quotient, Aarem Ventures , Radha Madhav Trust, LetsVenture, Best Pearl Holding, Avyanpashupathycapitaladvisors, Siddhant Investments, Nirankar Advisor
August 9, 2020Series A$235.0K$23.0Million$2.1Million-Lightbox
June 1, 2020Series A$143.0K$22.6Million$2.3Million- Alteria Capital
December 30, 2019Series A$8.0Million$16.2Million$2.2Million- Lightbox, Alteria Capital, India Quotient
April 8, 2019Seed$430.0K$3.2Million$1.2Million- IQ Capital
May 2, 2017Seed$194.0K$1.0Million$179.0K- Prasanna Purple
June 1, 2016Seed$247.0K$3.3Million$148.0K- Chiratae Ventures
August 9, 2015Seed $869.0K$534.0K-- Chiratae Ventures, Lasmer

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