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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