Mumbai-based Bus Service Provider Firm Citiflo Raises Rs 57 Crore

To expand its business that targets Mumbai's working population, an app-based bus service provider, Cityflo, has raised Rs 57 crore from investors. The Mumbai-based firm, which was founded in 2015, aims to boost its operations during rush hour and increase the brand value of the services among the city's commuters. With a current fleet of 160 buses, Citiflo registers over 8000 bookings on a regular basis.