Super Highway Labs, the India-based developer of a bus aggregation platform, is reportedly set to raise $11m in series B funding from investors including e-commerce firm Amazon, VCCircle has reported.
Media group Bennett Coleman and Co (BCC) and Dentsu Ventures, part of marketing company Dentsu, are also set to take part in the round along with Sequoia Capital, Lightspeed Venture Partners and angel investor Ambiga Subramanian, according to a person familiar with the development.
Super Highway Labs is the operator of Shuttl, an app that enables users to discover the best bus routes across a city and then book seats. It also allows users to rent buses and vans for specific uses.
The company secured $20m in a 2015 round featuring BCC subsidiary Times Internet and Sequoia Capital, having received $3m from various angel investors earlier the same year.