Bus aggregator Shuttl raises $20 mn in Series A funding

Shuttl offers about 15,000 rides a day in the Delhi NCR region for daily commuters; prices range between Rs 20 and Rs 100

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Shuttl, a bus aggregator platform headquartered in Gurgaon, has raised $20 million in Series A funding from Lightspeed, Sequoia India & Times Internet Ltd.

Shuttl was founded in April 2015 by IIT (Delhi) alumni Amit Singh and IIT (Kanpur) alum Deepanshu Malviya.
Currently operational in Delhi NCR, the platform provides shuttle services to commuters on 50 routes in the Delhi National Capital Region.

We believe buses are the most space efficient way to commute and we have added a technology layer on to them to build what could become a template for smart cities in India and abroad,” Singh said.

Currently Shuttl offers about 15,000 rides a day; prices range between Rs 20 and Rs 100. Since its inception, it has offered more than 8 lakh rides, Singh claimed.

There is an opportunity for Shuttle to have positive social impact by helping address the problems of transportation, safety and pollution,” said Bejul Somaia, Managing Director, Lightspeed India Partners Advisors LLP.

“Solving daily travel in a safe, affordable and green way has great potential,” he added.