Bus Aggregator Shuttl Is Closing $7 Mn Series B Funding Round
29 March 2019 2:14 AM GMT
This funding round is led by Sequoia Capital, Lightspeed India and Times Internet. Shuttl claims to provide 60K rides per day and has 80% of its business coming from Delhi/ NCR. India?s transport tech segment have attracted $3.3 Bn worth investment from 2014 to 2018 across 135 deals.
- Bus shuttle service startup Shuttl is set to close its Series B funding round with $7.23 Mn (INR 49.9 Cr) from Sequoia, Lightspeed and Times Internet.
- It has also launched safety features for its commuters, named Shuttl SAFE (Secure Anxiety Free Experience), keeping in mind the needs of urban women commuters, and ensure their safety during the travel with Shuttl.
- Prior to this round, the company has raised $36.6 Mn in multiple funding rounds from investors such as Sequoia Capital India, Times Internet, Lightspeed Venture Partners, and AdvantEdge Partners.
- India's transport tech is one of such sectors that has started gaining interest from investors.
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