| Komorebi Tech Solutions | |
| Industry | Transportation |
| Founded | 2015 |
| Headquarters | , |
Area served | Mumbai, Thane, and Hyderabad |
| Services | Urban Mobility |
| Website | www |
Cityflo is an app-based bus service company headquartered in Thane, Maharashtra, India.[1] Founded in 2015, the company operates in the shared mobility sector,[2] providing daily office commute services for corporate professionals in Mumbai, Hyderabad, and Delhi.[3][4][5]
History[edit | edit source]
Cityflo was founded in May 2015 by IIT Bombay graduates Jerin Venad, Rushabh Shah, Ankit Agrawal and Sankalp Kelshikar[6][7] with Jerin Venad as the company’s CEO.
Cityflo faced operational challenges during the COVID-19 pandemic.[8]
In May 2025, Komorebi Tech Solutions, the parent company of Cityflo, announced a joint venture with Globus Trans Solutions LLP to operate 500 electric buses in the state government-run bus transit ecosystem under the brand name Urban Glide.[9][10] The company has also announced that it will expand its services in Delhi in 2025.[5] In July 2025, Cityflo partnered with Aaveg to launch an electric bus fleet in Delhi NCR.[11]
Funding[edit | edit source]
In 2015, after the launch, Cityflo raised seed funding of $750K from IDG Ventures.[12][13] In 2019, the company secured ₹3 crore (approximately $405,000) from India Quotient and other angel investors.[6]
In November 2020, Cityflo raised ₹57 crore (approximately $8 million) in Series A funding led by Lightbox Ventures along with its existing investors.[14]
See also[edit | edit source]
References[edit | edit source]
- ↑ "Cityflo Company Profile". Inc42. Retrieved 20 June 2025.
- ↑ "Cityflo cuts 73 lakh litres of fuel consumption in FY25 through shared mobility services". 25 June 2025. Retrieved 13 September 2025.
- ↑ ETtech (2 April 2025). "Buses to play critical role in enhancing last mile commute in metro cities: Cityflo". The Economic Times. Retrieved 13 September 2025.
- ↑ "Daily commute service firm Cityflo to enter Delhi, aims to deploy 100 buses this year". The Economic Times. 4 March 2025. Retrieved 20 June 2025.
- ↑ 5.0 5.1 "Bus service start-up Cityflo to expand into Delhi, plans to add 250-300 buses in 18 months". The Hindu BusinessLine. 23 February 2022. Retrieved 20 June 2025.
- ↑ 6.0 6.1 "App-Based Bus Service Cityflo Bags $7.7 Mn From Lightbox To Expand Service". Inc42. 29 September 2022. Retrieved 28 June 2025.
- ↑ "Rs 4.8 crore flows into Mumbai-based on-demand bus aggregator Cityflo from IDG Ventures, others". The Economic Times. 3 November 2015. Retrieved 28 June 2025.
- ↑ Sriram, M. (10 February 2021). "Fear, panic and bounce back: Inside a transport startup's pandemic rollercoaster". Moneycontrol. Retrieved 12 July 2025.
- ↑ "Private Enterprise Urban Glide Enters India's Public Bus Market". AutocarPro. 12 May 2025. Retrieved 4 October 2025.
- ↑ "Cityflo parent and Globus Trans form joint venture to enter state-run bus transit sector". The Economic Times. 2024-02-28. Retrieved 2025-07-07.
- ↑ "Cityflo partners with Aaveg to launch electric bus fleet in Delhi NCR". ET Auto (The Economic Times). 22 July 2025. Retrieved 20 June 2025.
- ↑ "Cityflo raises $750,000 from IDG Ventures, others". NDTV Profit. 4 November 2015. Retrieved 14 July 2025.
- ↑ "Cityflo raises USD 750,000 from IDG Ventures, others". India Today. 4 November 2015. Retrieved 14 July 2025.
- ↑ "App-based bus service provider Cityflo raises $8 mn led by Lightbox Ventures". Mint. 27 November 2020. Retrieved 14 July 2025.