Venture Capital
Shuttl, a Gurugram-based online bus aggregator, today said it has raised USD 11 million in funding led by Amazon, Amazon Alexa Fund and Dentsu Ventures. The series B financing round also saw participation from the existing investors. "The investment will help Shuttl consolidate its leadership position in the technology-enabled seat-based bus mobility market," Shuttl said in a statement. It will also allow the company to expand its geographical reach and serve more consumers across Indian cities, it added. Shuttl is backed by investors like Sequoia Capital, Times Internet, and Lightspeed Ventures.

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