shuttl | Pixr8 News

4Aug By Gauri SinghNo Comments

FUNDING

Top 5 Funding of The Week (30th July – 4th August)

Funding is a vital part of every enterprise. Especially, in the case of startups, funding plays a great role in the growth and expansion processes. This week witness various rounds of funding from various companies that raised funds from different investors. Investment from the right investor can do wonders to a company and change its overview completely. The largest amount of funds that were raised were $120 million by Cure.fit which is a health and fitness startup. Let’s now talk about the top five funding activities that took place in the previous week. 1) Cure.fit Starting with the biggest funding round, Health and fitness startup Cure.fit raised $ 120 million funding (Rs 824 crore) in new round of funding led by IDG Ventur...

30Jul By Gauri SinghNo Comments

FUNDING

Shuttl Raises Series B Funding Round From Amazon

Online minibus service Shuttl has successfully raised an amount of $11 million (about Rs 75 crore) in a series-B financing round. This particular funding was led by Amazon, in connection with the Amazon Alexa Fund, and Dentsu Ventures along with existing investors. The funds so raised will be utilized for product development, expansion into new cities and marketing. The company is also looking to increase the routes and frequency of its bus shuttle service in Delhi. Amit Singh, the chief executive officer of Shuttl said, “At Shuttl our mission is to take the pain away from everyone’s commute and reduce congestion in cities via a seat-based smart bus option. We have shown that this can be done at scale. We will continue to improve the consumer experience, design more routes, and restore...

29Jun By Gauri SinghNo Comments

FUNDING

Amazon To Be a Part Of Shuttl’s Fresh Funding Round

The mobile-based minibus service platform, Shuttl is eyeing to raise an amount of $11 million (around Rs 76 crore) in a new round of funding from a group of investors along with the e-commerce giant Amazon. The investors that are expected to invest in this funding round are existing investors Sequoia Capital, Lightspeed Venture Partners and Times Internet Limited. Along with this, another fresh investor may include Dentsu Ventures which is a Japan-based corporate venture fund. Apart from this, it is also being said that Ambiga Subramanian, co-founder of data analytics MuSigma, will also invest according to her personal capacity. With the help of the investment, the company plans to expand and improve its customer base as the bus services apps have struggled to scale up and have of...

Ola Shutting Down its Bus Unit ‘Shuttle’

7Feb By PriyankaNo Comments

News

Ola Shutting Down its Bus Unit ‘Shuttle’

Indian cab aggregator Ola has announced that it is shutting down its bus unit Ola Shuttle, as a part of a "re-balancing" of its mobility portfolio, reported Economic Times. Ola's Shuttle bus service will now be terminated in cities of Delhi-NCR, Mumbai, Kolkata,Hyderabad and Chennai. The news is surprising as the SoftBank backed Ola on the other hand has raised massive amount of funding which could have sufficed if it wanted to keep the engine running. Ola is also focusing on global expansion, starting from Australia. Ola had sent notifications to their customers in the above stated cities, informing them that the Ola Shuttle services will no longer be available starting February 3. The drivers were instructed to return their smartphones, GPS Devices and cameras later by the week ...

Delhi Govt Notifies App-Based Premium Bus Services

24May By NitishNo Comments

INDIA

Delhi Govt Notifies App-Based Premium Bus Services

The Delhi government has notified the app-based Premium Bus services starting from June 1 which will enable people to book their seats in buses through their smartphone on the lines of app-based taxis services in the national capital. Only air-conditioned buses will ply under the scheme according to which one bus aggregator will have to run at lease 50 vehicles to get a licence from Delhi governments Transport department. A senior government official said, "Government has notified the app-based bus scheme to be rolled out from from June 1." While announcing the scheme last month, Delhi Transport Minister Gopal Rai had said that bus aggregators will have an individual app like Ola, Uber and they will be allowed to decide their fares, but if need arises government will prescribe upp...

Odd-Even: These Startups Offering Free Rides

15Apr By AdityaNo Comments

News

Odd-Even: These Startups Offering Free Rides

With the second phase of odd-even scheme set to be rolled out from tomorrow, ride-sharing startups are lining up with free rides and scaling up operations to handle higher demand from consumers. The odd-even scheme was implemented on an experimental basis from January 1 to January 15 in view of high air pollution in the national capital. The second phase will commence on April 15. Bike taxi operator Rapido said, it will offer free rides to people travelling to and from some of the metro stations like HauzKhaz and Malviya Nagar during April 15-30. Bengaluru-based startup 360Ride, which offers a ride-sharing platform for personal vehicle owners, said it will incentivise people using its platform with commuters earning up to Rs 1,200 by sharing their ride on four-wheelers and Rs 600 on t...

For The First Time “Co-Living” Spaces in India by CoHo.in

14Mar By NitishNo Comments

Story

For The First Time “Co-Living” Spaces in India by CoHo.in

With the largest youth population, India is where the future of the world lies. From multinationals to savvy investors, everyone is betting on youngistan. The ever-growing trend of university students and young professionals from across the nation migrating towards big cities, in the hopes of realising their dreams, has created a demand for better living. This internet savvy generation has a panache for living in style! With a click of a button, they want money to be transferred, food to be delivered, appointments to be made and much more. This integration of the physical world with the virtual one has been made possible by startups that are looking for innovative and cost-effective ways of solving day to day problems. CoHo.in is one such innovative tech platform that is pioneering the ...

Bus-aggregator Shuttl Touched 1 Million Rides Across Delhi-NCR in 194 Days

28Jan By AdityaNo Comments

News

Bus-aggregator Shuttl Touched 1 Million Rides Across Delhi-NCR in 194 Days

Gurgaon-based Shuttl, a bus-aggregator company claims to hit another milestone by, reaching its one millionth completed rides across Delhi-NCR in only 194 days of its operations. From being an intra-city to a pan Delhi-NCR public transit service, Shuttl has seen massive transformation. Shuttl has also been able to save Rs 5.10 mn per day in fuel cost for commuters, has kept 4,727 vehicles off the road daily and saved 53,460 tonnes carbon emissions till date during all it operational days. Currently, 50% of users board their Shuttl from Gurgaon, the business haven of NCR, 33% from Noida, and 17% from Delhi and rest of NCR. Speaking on the occasion, Shuttl co-founder and CEO Amit Singh said, “It’s been a phenomenal ten months for the team. The public has embraced Shuttl beyond our expecta...

Kejriwal's odd-even rule to benefit startups

9Dec By PriyankaNo Comments

News

Kejriwal's odd-even rule to benefit startups

In a bid to control the alarming levels of Delhi's air pollution, CM Arvind Kejriwal has planned to allow private vehicles with even and odd registration numbers on alternate days from January 1 next year. This step, however odd it may sound, can get really beneficial for bus aggregation startups like Shuttl and ZipGo, who can jump on the opportunity to offer their services to more people now. Shuttl, which is the largest bus aggregation players in the Delhi-NCR has around 500 vehicles on its network. ZipGo too has entered the Delhi market, and has plans to launch women-only buses. 3 million people already use metro every day to commute, while for buses this number is 5 million. With 50% of Delhi's private vehicles taken off road, the public transport needs to be made more efficient....