Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,927.60-40.8
Stock Analysis, IPO, Mutual Funds, Bonds & More

Shuttl records 100,000 daily rides on its platform

The company grew 2x Y-o-Y and attributed its growth to its commuters who adopted its business model across the nation.

ET Online|
Oct 16, 2019, 04.27 PM IST
0Comments
shuttl
Shuttl has marked over 33 million rides till date and has registered the download of its app over 1.8 million times.
NEW DELHI: Shuttl has announced that it has achieved a ridership of over 1 lakh rides per day across all cities - Delhi-NCR, Kolkata, Hyderabad, Pune, Mumbai, and Chennai and has surpassed Rs 100 crore revenue in FY2018-19. The company grew 2x Y-o-Y and attributed its growth to its commuters who adopted its business model across the nation.

Headquartered in Gurugram, Shuttl, which raised over $50 million since its inception in 2015, has rolled out a structured set of services in six metropolitan cities including the recent launch in Chennai. The company has built a wide network of 350+ routes by operating 1,800 buses across locations. Shuttl has marked over 33 million rides till date and has registered the download of its app over 1.8 million times.

Amit Singh, Co-Founder and CEO of Shuttl said in a statement, “We are glad to have established Shuttl across cities and have been able to provide a sustainable alternative to the daily commuters, especially who travel long distances daily. We attribute our sustained growth to our riders. Our endeavor is to deliver a safe, reliable and environmentally sustainable mobility for urban India."

The company crowdsources users' demand from diverse platforms and analyses them before creating route-maps for the riders so that their on-road time reduces significantly. Shuttl’s app-based service allow its commuters to discover routes, purchase pass, reserve a seat, and travel at structured timings without any stress at affordable prices. In addition, in 2017, the company also launched the SAFE (Safe Anxiety Free Experience) project which provides multiple safety checks to every commuter through various embedded technology features, backed by a live emergency support.

Shuttl has witnessed 57% users shifting from cars to Shuttl buses as their primary mode for daily commute with 38% of Shuttl users as women. The company has also saved over 50K of CO2 emissions since inception.

Also Read

Catching the neighbourhood shuttle

Shuttl gets $18 million in Series-C round

Shuttl enters Chennai; eyes to double service next year

Meet Sora: A hydrogen-fuel bus at 2020 Olympics that will shuttle visitors between venues

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service