Shuttl – Company Profile

Shuttl is India’s largest bus aggregator platform that provides office goers an easy and stress-free mode of commuting to their workplace and back. Shuttl offers its services via their mobile app, which is available on both Google Play and App Store. The company was founded in 2015 and is headquartered in Gurgaon. It initially began operations in Delhi-NCR.

Over the years, Shuttl has extended its services to other cities such as Mumbai, Pune, Hyderabad, Kolkata and Chennai. The primary benefits of using Shuttl include reserved seats in AC buses, real-time bus tracking, affordable single day and monthly plans, guaranteed safety via advanced technology integrations, and robust identity checks of drivers and co-passengers.

History:

The story of Shuttl dates back to 2014 when IIT graduates Amit Singh and Deepanshu Malviya used to work for e-commerce company Jabong. They wanted to start their own venture, which led them to quitting their jobs at Jabong. They started with a mobile content platform and later tried their hands at inter-city cab services. However, both these projects failed to take off. Nonetheless, both Amit and Deepanshu did not lose hope and kept looking for new opportunities.

The idea for Shuttl came to the founders when they noticed the huge challenges faced by commuters every day in Delhi-NCR. People were usually forced to travel in crowded buses and the entire experience was quite stressful. The founders started with a pilot project wherein they hired two Toyota Innova cars and launched a basic app for the Shuttl service. With reserved seats, reliability and comfortable rides, the word soon spread and Shuttl started getting more requests from office goers. As of now, Shuttl operates hundreds of buses across the various cities it serves.

Funding:

Based on a pioneering idea, Shuttl has attracted investments from various sources. Top investors include Sequoia Capital, Lightspeed Venture Partners, SMBC Trust Bank, Toyota Tsusho Corporation, SIG Global India Fund, BCCL (Times Internet parent), Trifecta Capital, Exponential 1 Mobility, and Sabre Investments.

Acquisitions:

Shuttl hasn’t made any acquisitions in recent times. However, the company may be open to opportunities that may be available in the future.

Competitors:

Shuttl competes with other commute platforms such as ZipGo, EasyCommute, Cityflo, H2O, and MeriBus.

About the Founders:

Co-founder Amit Singh currently serves as the CEO of Shuttl. He graduated from IIT, Delhi in 2002 and later completed his MBA from XLRI Jamshedpur. Prior to launching Shuttl, he had worked at Afcons Infrastructure, Essar Global, Axis Private Equity and Jabong. Co-founder Deepanshu Malviya completed his graduation from IIT, Kanpur in 2006 and later did his MBA from Indian School of Business. Prior to founding Shuttl, he had worked with Morgan Stanley, Yahoo!, KPMG Advisory, and Jabong.