Toyota Tsusho paid $6.1m for a 3% stake in the bus aggregation service as part of a round that valued it at about $200m.
India-based bus aggregation service Shuttl has raised $42m including $6.1m from Toyota Tsusho, the trading subsidiary of automotive manufacturer Toyota, Moneycontrol reported on Tuesday, citing a regulatory filing.
Financial services firm SMBC Trust Bank provided another $12.3m in return for a 6% share of the company, with Toyota Tsusho’s stake sized at 3%.
Shuttl runs an online platform that allows users to book air-conditioned bus rides across a series of established routes in six Indian cities. Users can track the…
