Shuttle, a transportation company located in Bangladesh, has secured US$1.5 million in the latest fundraising round anchored by South Asia Tech, with participation from the government-backed Startup Bangladesh Limited, Bangladesh Angels Network, and Accelerating Asia. The transaction brought the firm’s total financing to $2.5 million.
Reyasat Chowdhury, Jawwad Jahangir, and Shah Sufian founded Shuttle. It raised $750,000 in an initial fundraising round headed by Accelerating Asia last year.
Shuttle, founded in 2018, can carry up to 11 individuals to a comparable location in a single vehicle. It also provides B2B services that enable businesses to arrange daily commutes for their employees. It now has over 30,000 registered users and over 50 business clients.
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At the moment, The company intends to use the new funds for product development and recruiting.
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