Gurugram-based app-based bus aggregator Shuttl has raised about $8 million (Rs 57 crore) in its Series C funding round from SIG Global India Fund LLP.
Per the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc, Delaware-based SIG Global Fund has been issued 19,341 Series C compulsorily convertible cumulative preference (CCPS) in Shuttle as part of the Series C round.
The corpus will be used by Shuttl for current and future expansion activities, potential acquisitions, working capital and general corporate purposes.
The company had raised $18 million from SPARX Group (through its Mirai Creation Fund II) and Toyota Tsusho Corporation in November last year. Other investors in the company include Sequoia Capital, Lightspeed India Partners, Times Internet, Amazon and Dentsu, among others.
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