India, May 30 -- Lightrock-backed bus technology platform Chalo Mobility has raised INR 52.5 Cr (about $6.1 Mn) in a funding round, which was a mix of equity and debt, from existing investor Filter Capital and cofounders Mohit Dubey, Priya Singh, Vinayak Bhavnani, among others.

The board of Chalo passed a resolution to issue 2.1 Lakh Series K optionally convertible redeemable preference shares (OCRPS) to raise INR 32.5 Cr from Filter Capital India Fund I, MGB Resources and the three cofounders cited above, the startup's regulatory filings showed.

The remaining INR 20 Cr debt funding was raised from Blacksoil Capital and Caspian Impact Investments.

In the filing, the travel tech soonicorn said it plans to use the fresh funding for gener...