Shuttl

Gurugram, India Founded: 2015 • Age: 11 yrs Acquired By Chalo
Provider of shared and private shuttle services for airport transportation and intra-regional travel
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About Shuttl

Shuttl is a company based in Gurugram (India) founded in 2015 was acquired by Chalo in October 2021.. Shuttl has raised $106.11 million across 12 funding rounds from investors including Chalo, Times Internet and Motherson. The company has 2 employees as of April 09, 2024.

  • Headquarter Gurugram, India
  • Employees 2 as on 09 Apr, 2024
  • Stage Minicorn
  • Sectors
    Transportation, Automotive & Logistics
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Super Highway Labs Private Limited
  • Date of Incorporation 10 Apr, 2015
  • Jurisdiction New Delhi, Delhi, India
Operational Areas
Transportation, Automotive & Logistics → Road Transportation & Transit Systems → →
Key Metrics
  • Annual Revenue
    $283.09 K (USD)
    -95.31
    as on Mar 31, 2023
  • Net Profit
    $4.88 K (USD)
    -99.41
    as on Mar 31, 2023
  • EBITDA
    $-277.72 K (USD)
    93.77
    as on Mar 31, 2023
  • Total Equity Funding
    $106.11 M (USD)

    in 12 rounds

  • Latest Funding Round
    $3.34 M (USD), Series C

    Feb 18, 2020

  • Investors
    Chalo

    & 27 more

  • Employee Count
    2

    as on Apr 09, 2024

  • Acquired by
    Chalo

    (Oct 26, 2021)

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Funding Insights of Shuttl

Shuttl has successfully raised a total of $106.11M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $3.34 million completed in February 2020. 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 Rounds 12
  • Last Round Series C — $3.3M
  • First Round

    (11 May 2015)

  • Investors Count 27
Date Amount Transaction Name Valuation Lead Investors Investors
Feb, 2020 Amount Series C - Shuttl Valuation Sojitz
Jan, 2020 Amount Series C - Shuttl Valuation

investors
SIG Venture Capital
Oct, 2019 Amount Series C - Shuttl Valuation Moving Capital
Toyota Tsusho , SMBC Trust Bank
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Shuttl

Shuttl has secured backing from 28 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Chalo, Times Internet and Motherson. 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.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
SIG Venture Capital
Venture capital firm focused on seed and late stage investments
Founded Year Domain Location
PROOF
Early-stage technology companies are funded by this venture capital firm.
Founded Year Domain Location
Lightspeed Venture Partners
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Shuttl

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Shuttl

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Shuttl Comparisons

Employees
+
Add Comparison
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Competitors of Shuttl

Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Shuttl

Frequently Asked Questions about Shuttl

When was Shuttl founded?

Shuttl was founded in 2015.

Where is Shuttl located?

Shuttl is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.

Is Shuttl a funded company?

Shuttl is a funded company, having raised a total of $106.11M across 12 funding rounds to date. The company's 1st funding round was a Series C of $42.06M, raised on May 11, 2015.

How many employees does Shuttl have?

As of Apr 09, 2024, the latest employee count at Shuttl is 2.

What is the annual revenue of Shuttl?

Annual revenue of Shuttl is $283.09K as on Mar 31, 2023.

What does Shuttl do?

Founded in 2015 and based in Gurugram, India, operations in the transportation sector are conducted through shared and private shuttle services for airport transfers and intra-regional journeys. Scheduled routes linking residential areas to employment hubs are maintained with a bus fleet. Technology is employed to handle route planning, scheduling, and passenger reservations. Congestion relief and affordable options to private cars are facilitated in urban settings.

Who are Shuttl's investors?

Shuttl has 28 investors. Key investors include Chalo, Times Internet, Motherson, Lightspeed Venture Partners, and Toyota Tsusho.

What is Shuttl's valuation?

The valuation of Shuttl is $174.81M as of Mar 2019.

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