Super Highway Labs Private Limited | |
Type | Private |
Industry | Transportation |
Founded | 2015 |
Headquarters | , |
Area served | India |
Key people | Deepanshu Malviya, Amit Singh |
Products | Mobile app |
Services | Urban Mobility |
Revenue | ₹100 crore (2019) [1] |
Website | ride |
Shuttl is a mobile app based office commute bus aggregator based out of Gurugram, India. The company was founded in 2015. It operates in more than 6 metro cities across the country. [2] [3] [4]
The company was founded by Amit Singh and Deepanshu Malviya. Shuttl began intra-city bus fleet operations in 2015 within Delhi-NCR. [5]
In 2019, the company clocked ₹100 crore in revenues in FY 2019. [6]
In 2021, the company was acquired by Chalo in an all-cash transaction. [7] [8]
Shuttl raised its first round of funding in 2015 and has since then attracted several marquee investors including Sequoia, Lightspeed, Times Internet, Amazon India, Toyota Tsusho among others. [2] [9] [10] In November 2019, Shuttl raised $36 million in funding from Toyota Tsusho Corporate and SPARX Group, through its Mirai Creation Fund II, as well as some unnamed investors. [11]
In 2020, Shuttl raised ₹23.87 crore in Series C funding round led by Sojitz Corporation with participation from Compound Partners LLC. [12]
In June 2018, Shuttl was felicitated in the sustainable mobility category at the International Ashden Awards held in London. [13] [14]
Earlier, in November 2017, in the FICCI Road Safety Awards, the firm had won the Special Jury Award in the category of Road Safety Product and Solution. [15] [16]
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