The Venture Codex Logo

The Venture Codex

Shuttle

152/2/N Panthopath, Dhaka, Bangladesh

Overview

Shuttle operates air-conditioned minivans that carry 10–11 passengers, offering segmented services (women-only, Shuttle for Business, and select unisex routes) to provide safer, lower-cost alternatives to ride-sharing. The company began in 2018 with a women-only service and expanded in 2020 to serve businesses during the COVID-19 pandemic. Shuttle reports more than 20,000 women registered for its women-only service and has completed over 1 million rides. It plans to expand unisex B2C routes and aims to replicate its model in other developing countries and densely populated cities. Management cites a $7.5 billion total addressable market in Bangladesh alone. Financially, Shuttle has raised seed and pre-seed funding and is eligible for an Impact Ready Matching Fund of up to $100,000 from the Biniyog Briddhi program.

Total raised
$1M
Funding rounds
1
Latest round
Seed
Latest activity
Jun 2021

Industries

  • B2B
  • Information Technology
  • Logistics
  • Supply Chain Management
  • Transportation
Visit website

Recent funding

  1. Seed

    Jun 2021

    $1M

Team