About Shttle
Shttle is a company based in Riyadh (Saudi Arabia) founded in 2019.. Shttle has raised $998.61 thousand across 1 funding round from investors including Impact46. Shttle operates in a competitive market with competitors including RedBox, among others.
- Headquarter Riyadh, Saudi Arabia
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$998.61 K (USD)
in 1 rounds
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Latest Funding Round
$998.61 K (USD), Seed
Dec 21, 2021
- Investors
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Employee Count
Employee Count
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Funding Insights of Shttle
Shttle has successfully raised a total of $998.61K through 1 strategic funding round. The most recent funding activity was a Seed round of $998.61 thousand completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $998,606
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First Round
First Round
(21 Dec 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Shttle | Valuation | Impact46 |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shttle
Shttle has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Impact46. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on seed and growth investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shttle
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shttle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shttle Comparisons
Competitors of Shttle
Shttle operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RedBox, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Smart lockers are provided for secure parcel reception and collection.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Shttle
When was Shttle founded?
Shttle was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Shttle located?
Shttle is headquartered in Riyadh, Saudi Arabia.
Is Shttle a funded company?
Shttle is a funded company, having raised a total of $998.61K across 1 funding round to date. The company's 1st funding round was a Seed of $998.61K, raised on Dec 21, 2021.
What does Shttle do?
Shttle was founded in 2019 in Riyadh, Saudi Arabia, within the logistics and access control sector. Connected locks and keys are supplied for secured entry management. A platform is maintained for users to handle delivery services through parcel lockers. Operations encompass order tracking, returns processing, and shipping oversight, supporting efficient parcel distribution in the region.
Who are the top competitors of Shttle?
Shttle's top competitors include RedBox.
Who are Shttle's investors?
Shttle has 1 investor. Key investors include Impact46.