Mumbai-based Cityflo, an app-based bus service for corporate professionals, raised Rs 57 crore funding as part of their expansion plan.

Founded in May 2015 by Jerin Venad and his friends from his alma mater, IIT Bombay, the brand provides an alternative to driving through Mumbai traffic. Cityflo connects popular residential areas in Mumbai like the Western suburbs, Navi Mumbai and Thane, to major commercial hubs in the city. Over the years, the company has expanded its presence to office hubs in Lower Parel, Andheri, BKC and Colaba. At present, they run 160 buses and log over 8,000 bookings daily.