Shuttl raises $11 million funding from Amazon India, others
Shuttl will use the funding from Amazon India, Amazon Alexa Fund, Dentsu Ventures to expand into two new cities by the end of 2018-19 and grow in existing cities including Delhi NCR and Jaipur
New Delhi: Bus aggregator Shuttl, owned by Super Highway Labs Pvt. Ltd, has raised $11 million led by Amazon India, Amazon Alexa Fund and Dentsu Ventures, the startup said on Monday. Existing investors Sequoia Capital, Times Internet and Lightspeed Ventures have also participated. Gurgaon-based Shuttl plans to use the funds to expand into two new cities by the end of 2018-19 and grow in existing cities including Delhi NCR and Jaipur. The company, which currently does 45,000 daily rides in five cities, is running pilots in Pune and Kolkata. It has about 60,000 active monthly users.