Home Startups Startups News Bus aggregator Shuttl secures US$7M in Series B funding

Bus aggregator Shuttl secures US$7M in Series B funding

Posted on:

Reading Time:    1 min read

- Advertisement -

Bus aggregation platform, Shuttl, has raised about US$7.2 million in a Series B funding round from Sequoia Capital, Lightspeed India Partners, and Times Internet Ltd.

Shuttl, launched in 2015, offers an app-based office shuttle service across major cities such as Kolkata, Mumbai, Delhi-NCR, Chennai, and Jaipur. The startup allows its users to book bus seats by choosing the pickup and drop off location via the app. Shuttl has also launched a sound wave-based boarding for its users. It also has safety features for its commuters, named Shuttl SAFE (Secure Anxiety Free Experience), fulfilling the needs of urban women commuters, and ensuring their safety during their travel with its service.

Before this round, the company has secured US$36.6 million in multiple rounds of funding from investors such as Sequoia Capital India, Times Internet, Lightspeed Venture Partners, as well as AdvantEdge Partners. These newly acquired funds add up to a total of US$43.8 million of funding raised by Shuttl.

Shuttl is owned by Super Highway Labs Pvt. Ltd and had about 800 buses on its platform. Its competitors include Bengaluru’s ZipGo and Mumbai’s Cityflo, among others. In September last year, it had acquired mass transportation app Commut’s local operations, including its users and driver-partners.

Felicia Calle
Felicia Calle
Australia | Felicia's fascination with tech began in the 90s, and she loves to update readers on the best tech deals on the internet. When she’s not writing, you’ll find her travelling around the world.

Related Reads

Featured Read

6 New Game Titles in Upcoming Lineup by GAMEVIL for 2016 and 2017

Global veteran mobile game publisher, GAMEVIL, has recently announced the launch of six new game titles for 2016 and 2017, which are ArcheAge, Alliance...

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

 Latest Stories

5 big social media trends in 2019 [Infographic]

Just by being active on social media, or consistently engaged in social media marketing is not enough. You need to stay...

India’s CityFurnish raises US$5M Series A

Cityfurnish, an India-based online rental marketplace for furniture and consumer appliances, has bagged US$5 million in a Series A round from...

Mozilla Firefox now stops websites from tracking users, including Google Analytics

After more than a year ramping up its privacy protections, Firefox will now stop thousands of web trackers by default, preventing...

Singapore’s healthtech startup, Plano, bags undisclosed sum from billionaire, Peter Lim

Singapore-based healthtech startup, Plano, has raised an undisclosed amount in a series A funding round from several investors, including a seven-figure...

Bytedance invests more than US$182M in Chinese sports platform, Hupu

Leading Chinese sports commentary and news platform, Hupu, has raised US$182 million from Bytedance, the Chinese operator of several machine learning-enabled...

Send this to a friend