wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

Shuttl gets $11M from Amazon India, Amazon Alexa Fund & Dentsu Ventures

Bus aggregator Shuttl has raised funding of $11 million led by Amazon India, Amazon Alexa Fund and Dentsu Ventures. Existing investors Sequoia Capital, Times Internet and Lightspeed Ventures also participated in the funding round. The company will use the funding to expand into two new cities and strengthen its service in existing cities–Delhi NCR and Jaipur. Shuttl is also running pilots in Pune and Kolkata.

Founded in January 2015 by Amit Singh and Deepanshu Malviya, Shuttl runs air-conditioned buses which ply on fixed routes. Users can use the Shuttl mobile appl to select their origin and destination points and are shown the approaching Shuttls at their point of boarding.

According to Livemint’s report, Shuttl does about 45,000 rides a day and has about 60,000 monthly active users.

The company has so far raised total funding of $ 34.2 million in four rounds of funding, according to CrunchBase data. Before this round of funding, the company had raised $20 million in its series A round of funding from Lightspeed Ventures, Sequoia India and Times Internet Limited back in December 2015.

Competition

The company competes with likes of ZipGo and Cityflo. Earlier, Ola Shuttle was also a competition, however, the cab company has now shutdown the service.  Zipgo raised funding of $5.2 million in Series A funding last year, and Cityflo bagged Rs 34 lakh recently for winning Better Bus Challenge in Bangalore.

Advertisement. Scroll to continue reading.

Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

News

The industry's growth is being weighed down by taxation and legal uncertainty.

News

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ