Bus technology platform Chalo has acquired Shuttl, a commuting service.
Terms of the deal have not been disclosed but confirming the acquisition via LinkedIn, Chalo says the combined companies will carry out more than 25 million rides a month.
Vinayak Bhavnani, co-founder of Chalo, says: "Shuttl is something we have all admired and respected as a brand, product, team and the vision of building a premium bus service. At Chalo, we have built something similar for the masses of this country who are dependent on buses."
India-based Chalo offers live bus tracking services and contactless payment solutions to create a more reliable transport service.
Chalo received investment of $40 million for its bus technology platform earlier this month. The investment comes on top of $7 million in funding announced in January.
Shuttl has a fleet of 2000 buses and currently operates in seven cities in India including Mumbai, Pune, Delhi and Kolkata.
The company has received funding of more than $97 million according to reports, with investors including Sequoia Capital, Amazon Alexa Fund, Times Internet and Lightspeed Ventures.