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.
