Cityflo Raises $7,50,000 from IDG Ventures, Others

Mumbai: Bus aggregator Cityflo on Tuesday said it has raised a seed funding of $7,50,000 led by IDG Ventures. Founded by a team of six IIT alumni, Cityflo is building the "next generation mass commute solution", starting services in Mumbai. "Urban transportation is a billion dollar problem to solve. In just nine weeks since our launch, we've received an overwhelming response from our customers with a customer repeat rate of over 75 ...