Bus aggregation platform Shuttl has raised about $7.2 million (Rs 49.99 crore) as part of its Series B funding round from Sequoia Capital, Lightspeed India Partners, and Times Internet Ltd. Shuttl has issued a total of 18,227 Series B4 compulsory convertible cumulative participative preference shares (CCCPS) of Rs 10 each. Sequoia Capital has invested Rs 10.26 crore, SCI Investments put in Rs 11.18 crore, Lightspeed India Partners invested Rs 21.44 crore, and Times Internet put in Rs 7.09 crore in this round. The startup is looking to expand to Pune and Kolkata.
Sequoia, Lightspeed, Times Internet put $7.2m in bus aggregator Shuttl
Date posted: Monday 1 April 2019