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<ul><li>In an interview with Business Insider, <keyword id="217165" type="PERSON" weightage="20" keywordseo="Amit-Singh">Amit Singh</keyword>, CEO and co-founder, <keyword id="3009822" type="PERSON" weightage="20" keywordseo="Shuttl">Shuttl</keyword> talks about how the app has solved transportation problem of India’s working professionals. </li><li>While there are reports about Shuttl having closed its series B round of funding for $7 million, the company has not commented on it. </li></ul>In the busy roads of India, the bus aggregator and mobility <keyword id="138263" type="PERSON" weightage="20" keywordseo="startup">startup</keyword> Shuttl is changing the way Indian professionals commute to work. More and more millennials have accepted that the bus is an economical and comfortable way to commute. The technology-enabled, seat-based, demand-adaptive bus mobility service Shuttl helps users select from prefixed routes and schedules, to commute from home to work. The startup which has been around for 4 years has raised $34 million in funding from the likes of Sequoia, Amazon Lightspeed India Partners, Times Internet and Dentsu. “We raised angel funding when we were working on a different version – an intercity bus app. But a few months into the business, we realised that that is not a day-to-day problem we are solving. We switched to an intra city bus service soon after,” Amit Singh, CEO and co-founder, Shuttl told Business Insider. However, there’s also news about another round of funding. While reports say that Shuttl has closed its series B round of funding for $7 million, the company has not commented on it. Answering Business Insider India’s questions in April, Singh had said, “We are in the process of raising capital. The response from potential investors has been encouraging. There is a lot of interest in the massive underserved market we're going after with our unique approach to shared mobility. Our existing investors continue to believe in us and are impressed by the good work team has been putting in and have already made some commitments.” But profitability is not close, in fact, it is a moving goal post for the company. “There’s always a tradeoff between growth and profitability. When we are close to it, we add more buses, more routes which moves profitability farther away,” he said.

Profitability is a moving goal post, says Shuttl CEO

<ul><li>In an interview with Business Insider, <keyword id="217165" type="PERSON" weightage="20" keywordseo="Amit-Singh">Amit Singh</keyword>, CEO and co-founder, <keyword id="3009822" type="PERSON" weightage="20" keywordseo="Shuttl">Shuttl</keyword> talks about how the app has solved transportation problems for India’s working professionals. </li><li>It is operational in 8 cities and has marked over 20 million rides so far.</li></ul>Nineteen years back, Amit Singh used to take the bus to work everyday from Prabhadevi to Nariman Point. His friend who would board the same bus midway, would call him to track its ETA. Today, with co-founder Deepanshu Malviya Singh, runs a technology-enabled, seat-based, demand-adaptive bus mobility service – Shuttl. With Shuttl, a user can select from prefixed routes and schedules to commute from home to work. The service, popular with millennials and working professionals, is operational in eight cities and has marked over 20 million rides so far. Its biggest market is Delhi-NCR with women making up 38% of its customers. Singh, an IIT-Delhi graduate, had earlier worked on the <keyword id="6366797" type="UNKNOWN" weightage="20" keywordseo="Delhi-Metro">Delhi Metro</keyword> and later at investment firms, before going on to work at Jabong. Having gained experience in both transportation and consumer internet, Singh knew that he had to bring both these industries together. “We were supremely impressed with Uber as a product. However, there was a trade-off between affordability and comfort,” he said. The Mathematics behind transportation Singh has a simple equation for comfort in transportation. Comfort = assured seat + a direct route + an AC vehicle. “Buses are the most cost efficient way of moving people. They have been there for ages, except that there was no technology involved. The white space was between cabs which offered extra seats at a price and a public transport which assured no seat at a cheaper price,” said Singh. So, they took buses – unbundled the seats, rebundled them and offered with a subscription model. “In India, there are three factors – high population density, low purchasing power, solutions and developing infrastructure – that gave us the opportunity to come and build something,” said Singh. The original commute When in 2015, Singh and Malviya started working on Shuttl, it was an intercity service providing bus routes between Delhi and Jaipur. On April 6, 2015, they realised that they weren’t solving a day-to-day problem. By April 7, Malviya built an app where users can put an origin and a destination without any payment gateway. On April 8, they stood at HUDA city centre in Gurugram, and convinced two people to use the app. By evening, those two people got five more along, thus taking it to nine bookings in a day. “Retention and referral are big things. We didn’t sell to nine people, we sold only to two, yet our phones were ringing with orders,” said Singh. Within four months, they gained the attention of one of India’s marquee funds – Sequoia Capital. By September, they had reached 10,000 users.

This man went from working for Delhi Metro to building a startup that solves transportation in India’s congested roads

Travelling within the city is a bane for all especially those who travel long distances for work. While women are increasing joining the workforce, their daily commute is still a tall task. While many companies provide women safe shuttle service between their homes and office, the majority is dependent on using either public transport or taxi services like <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword> and <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> for their daily commute. While these services are convenient, they aren’t quite foolproof when it comes to safety as rape cases are reported even as cab operators claim to be more vigilant. From mob lynching to chain snatching, everyone who travels in public transport has to increasingly be careful on the road. 

 

 <div type="embedgroup"> <div type="Article" hostid="261" msid="59730039" title="Meet the Indian who&amp;#39;s fuelling Asia’s online video consumption" rank="1.0" kind="RELATED" publishDate="Jul 24, 2017, 2:00 PM" mstype="2" mssubtype="0"></div></div> To hopefully make roads safer, <keyword id="3009822" type="UNKNOWN" weightage="20" keywordseo="Shuttl">Shuttl</keyword>, which is India’s largest app-based bus service platform has introduced ‘Shuttl S.A.F.E.’ (Secure Anxiety Free Experience) - a project which provides multiple safety checks to every commuter through embedded technology features that also ensures responsible behavior by its bus drivers. An in-house creation by Shuttl’s technology team, <keyword id="4817841" type="UNKNOWN" weightage="20" keywordseo="shuttl-safe">Shuttl SAFE</keyword> is designed with Safety and Emergency tools for the commuter which will ensure safe travel within Delhi-NCR. The project provides the following Safety and Emergency tools for its commuters. <div type="embedgroup"> <div type="Article" hostid="261" msid="59684409" title="Cashback on Paytm will now directly get converted into an online Gold Investment" rank="1.0" kind="RELATED" publishDate="Jul 20, 2017, 6:24 PM" mstype="2" mssubtype="0"></div></div>






 

BEFORE BOARDING SHUTTL SAFE <ul><li>Face-based check-in - a seamless, magical boarding experience, along with authentication to ensure safety for both driver and consumer. This feature provides details of ID, allowing only authorized drivers to operate thus bus and on the commuters side, it ensures that only validated, genuine commuters to board the bus</li> <li>Alcohol detector - The bus ignition is linked with a tech-based alcohol detection test which ensures zero incidence of drunk driving</li></ul> DURING THE RIDE <ul><li>SOS and Panic button on the Shuttl App helps the commuter trigger emergency response, when in danger plus a physical panic button is available on each Shuttl SAFE bus</li> Live <keyword id="6354857" type="COMPANY" weightage="20" keywordseo="CCTV">CCTV</keyword> recording has auto alert feature which alerts the aggregator if anyone inside the bus is in danger</ul>AFTER DE-BOARDING <ul><li>Homecheck, a call-back confirmation to ensure that she has reached home safely</li></ul>The safety of the customer doesn’t stop just in the bus but by the above feature also goes beyond where a user’s journey is tracked on-request right down to her final destination.

 

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 <keyword id="217165" type="PERSON" weightage="20" keywordseo="Amit-Singh">Amit Singh</keyword>, Co-Founder of Shuttl told Business Insider, “With 20,000 completed rides and 450 buses, we are trying to make public transport convenient for all. As our last passenger gets dropped off at latest 11 PM, we wanted to enable a great experience which is not tainted by worry or boredom. Our prices for routes typically start at Rs. 49 and go up to Rs. 89 which is affordable for most. With an assured seat, the customers only tend to gain from this service.” Singh also assured that the prices of the daily pass will not be affected as these costs are a part of customer acquisition for the company. Shuttl SAFE is also equipped with productivity tools for the commuter such as Shuttl TV, with exclusive content by Shuttl that engages the commuter while travelling to work. All seats shall be provided with earphones for the commuters to experience engaging content on Shuttl TV. Thus, controlling sound-levels within the Shuttl thereby taking care of the commuter’s privacy where she is also free to engage in any other personal activity without any disturbance. In addition to this, free WiFi will be available that allows commuters to read, socialize, shop and manage their personal tasks when travelling. Ride-share is also another new feature that Shuttl has launched with SAFE where the commuter can share their ride details with a friend or a family member who can then track their respective rides. All Shuttl buses will be equipped with these features and would be rolled out in phases on all Shuttl routes by the end of this year starting with the safety features.

Shuttl is trying to be the safest commute option for the working class

<keyword id="19895436" type="General" weightage="20" keywordseo="Adani-Green-Energy-Ltd" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Green Energy Ltd" meta.hostid="261" meta.entityid="Adani Green Energy Ltd">Adani Green Energy Ltd</keyword> (AGEL) on Friday posted a 38.85 per cent decline in consolidated net profit to Rs 310 crore for the March quarter, mainly on account of increased expenses. Its net profit was Rs 507 crore in the January-March period of the preceding 2022-23, the company said in an exchange filing. During the fourth quarter of FY24, the company's total income fell to Rs 2,806 crore from Rs 2,977 crore a year ago. The company's expenses surged to Rs 2,379 crore during the period under review, as against Rs 2,053 crore in the year-ago period. In a separate statement, the company said its operational capacity grew at 35 per cent year-on-year to 10,934 MW with greenfield addition of 2,848 MW renewable capacity, including 2,418 MW solar and 430 MW wind projects. With this, AGEL became the first company in India to cross the 10,000 MW <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> capacity. AGEL's 10,934 MW operational portfolio will power more than 5.8 million homes and avoid about 21 million tonnes of CO2 emissions annually. The sale of energy increased 47 per cent year-on-year to 21,806 million units in FY24, primarily backed by strong capacity addition, consistent solar CUF (capacity utilisation factor) and improved wind and hybrid CUF. The revenue from power supply rose 23 per cent to Rs 1,575 crore from Rs 1,941 crore earlier. <keyword id="19919864" type="General" weightage="20" keywordseo="Adani-Green-Energy" source="keywords">Adani Green Energy</keyword> Ltd Chief Executive Officer Amit Singh said, "We have deployed the first 2 GW of the 30 GW of renewable capacity under construction at Khavda in just 12 months of breaking ground. "Our highest capacity addition of 2.8 GW in FY24 demonstrates our strong execution capabilities, and we are confident of continuing the momentum." The company aims to commission at least 5 GW of hydro-pumped storage projects by 2030, and set a higher target of 50 GW RE capacity by 2030, which will contribute towards India's non-fossil fuel capacity target of 500 GW, he said. AGEL further said it has commenced construction work on its first hydro pumped storage project (PSP) of 500 MW on the Chitravathi river. The project is located at Peddakotla in Sri Sathya Sai district of Andhra Pradesh. The existing reservoir will act as the lower reservoir and the upper reservoir is to be developed. The generation capacity will be 500 MW with estimated 6.2 generation hours in a day. All necessary approvals, including the final DPR approval are in place and financial closure has been achieved for the project. Part of Adani Group, AGEL is India's largest and one of the leading renewable energy companies in the world enabling clean energy transition. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-crater-in-april-2024-as-prices-increase-amid-reduced-subsidies/articleshow/109806054.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-crater-in-april-2024-as-prices-increase-amid-reduced-subsidies/articleshow/109806054.cms" target="_blank">Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies</a><a href="https://www.businessinsider.in/sports/webstories/t20-world-cup-here-are-the-squads-announced-by-major-participating-countries-so-far/slidelist/109787165.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/t20-world-cup-here-are-the-squads-announced-by-major-participating-countries-so-far/slidelist/109787165.cms" target="_blank">T20 World Cup: Here are the squads announced by major participating countries so far</a><a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/april-auto-sales-hyundai-continues-to-hold-the-second-position-as-tata-motors-inches-closer/articleshow/109777834.cms" target="_blank">April auto sales – Hyundai continues to hold the second position as Tata Motors inches closer</a>

Adani Green Energy Q4 net profit declines 39 pc to Rs 310 cr due to rising expenses

<ul class="summary-list"><li>Pokhara International Airport does not have a navigation system that guides pilots in low-visibility conditions.</li><li>The airport will not have such a system in place until February 26, the AP reports.</li></ul>The Yeti Airlines flight that crashed in Nepal was trying to land at an airport that didn't have a navigation system vital for pilots flying in low-visibility conditions, per <a href="https://apnews.com/article/nepal-accidents-2635153ade6e971d4515b18c631bcc5d" target="_blank" rel="noopener">the Associated Press.</a>The Pokhara International Airport was not equipped with a functioning instrument landing system, Jagannath Niroula, a spokesperson for Nepal's civil aviation authority, told the AP.This system helps pilots get to the runway safely when they are unable to see the ground or their surroundings at night, or in cases of bad weather, per the AP.The airport has not had this navigation system in place since it started operations on January 1, 2023, and it will not have one until February 26, Niroula said. At least <a href="https://www.reuters.com/world/asia-pacific/search-resumes-four-people-missing-nepal-after-deadly-air-crash-2023-01-16/" target="_blank" rel="noopener">70 of the 72 people on board the flight died</a> in the crash in Pokhara on Sunday, making it the deadliest plane crash in Nepal in three decades. The reason for the Yeti Airlines crash has not yet been determined, the AP reported. However, one pilot told the AP that the airport not being properly equipped could have been a "contributory cause" of the crash. "Flying in Nepal becomes challenging if you don't have navigational aids and puts an extra workload on the pilot whenever they experience problems during a flight," Amit Singh, the founder of India's Safety Matters Foundation, told the AP."Lack of an instrument landing system only reaffirms that Nepal's air safety culture is not adequate," he said.Hassan Shahidi, the president and CEO of the Flight Safety Foundation, told Insider's Matthew Loh that of the last 12 fatal airline accidents in Nepal, <a href="https://www.insider.com/why-nepal-has-so-many-fatal-plane-crashes-2023-1">60% involved a controlled flight into terrain</a>, or instances when a plane is flown unintentionally into the ground, a mountain, or a body of water. "Typically, a controlled flight into terrain is due to the fact that there is nothing wrong with the plane, other than the crew or pilots not being able to see the mountain and its peaks," he told Insider.Nepal has a reputation for being one of the most unsafe territories for air travel in the world. Airplane crashes in the country have killed 357 people since 2000, according to data from the <a href="http://www.aviation-safety.net/database/dblist.php?Country=9N" target="_blank" rel="noopener">Aviation Safety Network</a>.Representatives for Nepal's civil aviation authority did not immediately respond to Insider's request for comment.

Nepal plane crash: Pokhara's airport does not have a navigation system to guide pilots in low-visibility conditions

<ul><li>In an interview with Business Insider, Amit Singh, co-founder and CEO, <keyword id="3009822" type="PERSON" weightage="20" keywordseo="Shuttl">Shuttl</keyword>, said the company is not competing with <keyword id="1042120" type="PERSON" weightage="20" keywordseo="Uber">Uber</keyword> and <keyword id="6354720" type="UNKNOWN" weightage="20" keywordseo="ola">Ola</keyword> and instead complements them. </li><li>Shuttl has taken a public transport provider – bus – and offered it as a private transport service.</li></ul>India’s transportation industry has seen the rise of homegrown <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword> like Ola and the entry of global bigwigs like Uber. When bus aggregator and mobility app Shuttl came in 2015, it operated in the grey area between public and private transport. So, Shuttl competes in a market that already has public transportation like the metro along with convenience factors like Uber and Ola. Amit Singh, co-founder and CEO, Shuttl, believes they built a category that didn’t exist. “Small changes make the product very different. They are on-demand companies, we are a planned ride share company – with slots, routes and subscriptions,” he said. Singh explains that the difference between transportation and mobility is that mobility is a bottoms-up approach. “We care about where our consumer is, where he/she wants to go and build routes accordingly. Everything is consumer focused. Even when you are doing a traffic study for the metro, you need to be very confident about what the demand would be 5 years down the line as well. If you don’t get it right, viability goes for a toss,” he said. In fact, this was one of the challenges Singh faced when they began working on Shuttl. While buses have been operational in India for ages, they had not really been integrated with technology. This meant that Singh had no proof-of-concept whether the startup would actually take off.

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Profitability is a moving goal post, says Shuttl CEO

Sanchita Dash

This man went from working for Delhi Metro to building a startup that solves transportation in India’s congested roads

Sanchita Dash

Shuttl is trying to be the safest commute option for the working class

Tanya Dubey

Adani Green Energy Q4 net profit declines 39 pc to Rs 310 cr due to rising expenses

PTI

Nepal plane crash: Pokhara's airport does not have a navigation system to guide pilots in low-visibility conditions

Aditi Bharade

Here’s why Shuttl is not in a competition with Uber and Ola

Sanchita Dash

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