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Shuttl, a Gurugram-based online bus aggregator, said today he raised $ 11 million in financing, including Amazon, Amazon Alexa Fund, and Dentsu Ventures
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"The investment will help Shuttl to consolidate its leading position in the technology-based bus mobility market," Shuttl said in a statement.
It will also allow the company to expand its geographic reach and serve more consumers.
Shuttl is backed by investors like Sequoia Capital, Times Internet and Lightspeed Ventures.
"We will continue to improve the consumer experience, design more routes and restore the dignity of commuters. We welcome Amazon and Dentsu Ventures as part of this exciting journey, "said Amit Singh, co-founder and CEO of Shuttl
Shuttl serves 45,000 daily commutes in Delhi-NCR and is present in seven cities , including pilots in Calcutta and Pune. Currently, the company operates 800 buses and 150 routes.
The company also adds advanced technology security features such as face recognition and live feed of these buses.
Alexa's Amazon fund provides up to 100 million US dollars. venture capital financing to fuel innovation in voice technology. In November 2017, the company announced a $ 100 million increase in the fund, targeting international investment opportunities.
"The voice represents a new, practical way to handle these types of daily routines, and we look forward to it" This story was not edited by Business Standard staff and is generated automatically from within. a syndicated flow. )
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