Shuttl Secured Funding From Lightspeed Venture

Bus aggregation platform Shuttl has raised fresh capital from existing investors as part of a larger funding round.

Venture capital firms Sequoia Capital India and Lightspeed Venture Partners along with Times Internet, a subsidiary of media company Bennett, Coleman and Co Ltd (BCCL), have invested $7-8 million (Rs 48.3-55.2 crore at current exchange rates).

The first person cited above said that Shuttl’s valuation could stand anywhere between $150 million and $160 million when it completes the $20 million funding round. The startup’s last-known valuation, as per report estimates, was around $85-90 million (Rs 586.79-621.31 crore at current exchange rates).

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