[Funding Alert] Shuttl raises Rs 41 Cr from Proof.VC, BCCL MD Vineet Jain, Mu Sigma's Co-founder and others
23 April 2019 5:14 AM GMT
The round comes at the time when Shuttl's competitor Bengaluru-based ZipGo is reportedly suspending its operations across all the cities, firing about 60 people.
![[Funding Alert] Shuttl raises Rs 41 Cr from Proof.VC, BCCL MD Vineet Jain, Mu Sigmas Co-founder and others](https://democracynewslive.com/h-upload/uid/YD9VI7OFlBSytGQy3YHemGws98Td0R7X8683487.jpg "[Funding Alert] Shuttl raises Rs 41 Cr from Proof.VC, BCCL MD Vineet Jain, Mu Sigmas Co-founder and others")
- Also read: Why Amazon chose online bus aggregator Shuttl to invest $11MShuttl seems to be on funding spree as this infusion comes just after a month of it raising Rs 49.99 crore from Sequoia Capital India, SCI investments, Lightspeed India Partners invested, and Times Internet, in the last week of March.
- Earlier, the company had raised $11 million funding in July 2018, led by Amazon and Dentsu Ventures.
- Other participants included Sequoia Capital, Times Internet, and Lightspeed Ventures.
- Myntra co-founder's startup mfine raises $17.2 M in Series B funding
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