Shuttl, which is a Bus aggregation platform has now secured the fresh capital from some of the existing investors as a part of a larger funding round, according to the report which has been revealed.
Sequoia Capital, LightSpeed Venture Partners and along with the Times Internet has invested around Rs 48.3 crore.
“The size of the current round may go up to $20 million. The $7-8 million tranches were led by Sequoia and Lightspeed,” the report added.
According to the report, the valuation of the Shuttle could stand anywhere around $150 Million. The startup last known valuation was around $90 Million.
In the month of July 2018, Shuttle had secured Rs 75.5 crore in the funding round of Series B led by the Amazon Alexa Fund and Japan Based Dentsu ventures.
The Singh founded Shuttl, An Alumni of Indian Institute of Technology – Delhi and IIT- Kanpur graduate Malviya in the year 2015. The platform provides the shuttle services to office going commutes besides separately catering to the corporates. Apart from that, it also provides vehicles for rentals.