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Dentsu Ventures Invests in Shuttl, a Technology-enabled Seat-based Smart Bus Mobility Service Managed by Super Highway Labs Pvt Ltd in India - Dentsu, Inc. announced that Dentsu Ventures Global Fund I (hereinafter
Dentsu Ventures Invests in Shuttl, a Technology-enabled Seat-based Smart Bus Mobility Service Managed by Super Highway Labs Pvt Ltd in India

 

PRZOOM - /newswire/ - Tokyo, Japan, 2018/07/30 - Dentsu, Inc. announced that Dentsu Ventures Global Fund I (hereinafter "Dentsu Ventures") has made an investment in Shuttl - Shuttl.com / Dentsu-V.com. Tokyo: 4324

   
 
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Dentsu, Inc. (President & CEO: Toshihiro Yamamoto; Head Office: Tokyo; Capital: 74,609.81 million yen) announced today that Dentsu Ventures Global Fund I (hereinafter "Dentsu Ventures"), the Company's corporate venture capital fund, has made an investment in Shuttl, a technology-enabled seat-based smart bus mobility service in India managed by Super Highway Labs Pvt Ltd (Head Office: Gurgaon City; CEO: Amit Singh).

Shuttl (shuttl.com) is a smart transportation service that offers a smartphone app enabling riders to reserve a seat on an air-conditioned shuttle bus that picks them up at their desired location. Seats can be secured at an affordable price, making Shuttl a comfortable and safe way to commute to work or school. Since its launch in 2015, the number of users has grown rapidly and the network of participating bus companies has expanded. At present, approximately 50,000 people use Shuttl each day across seven cities in India, with more than 700 buses in operation.

Going forward, Dentsu Ventures (dentsu-v.com) will support Shuttl's business expansion, which also contributes to improving traffic congestion and air pollution problems in large cities, while promoting new business development with Shuttl in the urban transportation area, including the development of new marketing solutions making use of commuter data and in-car media for shuttle buses during daily work and school commutes.

Profile of Shuttl
Name: Super Highway Labs Pvt Ltd (Shuttl)
Location: Gurgaon City, Haryana, India
Representative: Amit Singh, Co-Founder, Chief Executive Officer
Line of Business: Provision of technology enabled seat-based smart bus mobility service using a smartphone app

Profile of Dentsu Ventures
Name: Dentsu Ventures Global Fund I
Total Fund Capital: 10 billion yen
Date of Establishment: April 2015
Period of Operation: Ten-year period from April 2015 until March 2025
Investment Regions: Global investments with a focus on the U.S.A., Europe, Japan and Asia
Investment Stages: Balanced, wide-ranging investments with the focus on seed and early stage investments, but also including mid-stage and later-stage investments
Investment Areas: (1) Areas that can change the marketing and communication business in a broad sense (2) New areas other than the above that have a high potential for innovation.

Investment-related enquiries: E: info[.]dentsu-v.com.

 
 
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Agency / Source: Dentsu

 
 

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Dentsu Ventures Invests in Shuttl, a Technology-enabled Seat-based Smart Bus Mobility Service Managed by Super Highway Labs Pvt Ltd in India

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Contact: Shusaku Kannan - Dentsu.co.jp 
+81 3-6216-8042 s.kannan[.]dentsu.co.jp
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Dentsu securities in any jurisdiction including any other companies listed or named in this release.

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