Chalo acquires office bus service Shuttl

Chalo, an app that helps track buses and get digital bus tickets across Indian cities, has acquired Shuttl, a premium bus service for officegoers backed by Amazon, for an undisclosed sum in an all-cash deal.

The deal offers Chalo an opportunity to enter the premium bus service segment and expand overseas, its cofounder and CEO Mohit Dubey told ET.

Shuttl – which used to fulfil about 100,000 rides daily through 2,000 buses across top cities such as Delhi NCR, Kolkata, Hyderabad, Pune, Mumbai, and international cities like Bangkok before the outbreak of Covid-19 – could not survive the consecutive waves of the pandemic that confined people to their homes.