Shuttl, a Gurgaon, Haryana, India-based bus-sharing app, raised $11m in Series B funding.
The round was led by Amazon India with participation from Dentsu Ventures, Sequoia Capital, Times Internet and Lightspeed Ventures.
The company intends to use the funds to improve the consumer experience, and design more routes.
Founded in 2015 by Amit Singh, chief executive officer, Shuttl is a technology enabled seat-based bus mobility company that directly addresses the challenges of congestion and pollution and provide a carbon-efficient, space-efficient and safe solution for urban India.
The company serves over 30,000 rides daily in Delhi-NCR region and Kolkata and covers 60+ long routes and operates 620+ buses.
FinSMEs
31/07/2018