Shuttl

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]

• MakeMyTrip
• RedBus.in
• Ridlr
• Cityflo