Shuttl raises $11 million in Series B funding led by Amazon India, among others


Shuttl raises $11 million (about Rs 75 crore) in a series-B financing round held recently by Amazon India, in connection with the Amazon Alexa Fund.

Among others is Dentsu Ventures along with participation from existing investors Sequoia Capital, Times Internet and Lightspeed Ventures.

“By taking on the everyday urban commute, Shuttl is solving for a large and relevant customer pain point. Amazon is impressed by Shuttl’s journey so far and excited to back missionary founders and management teams,” says Amit Agarwal, the country head at Amazon India.

“We will continue to improve the consumer experience, design more routes, and restore the dignity of commuting for millions of people,” says Amit Singh, chief executive and co-founder at Shuttl.

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