Shuttle
Shuttle is a Dhaka-based transport-tech startup, founded in 2018, that operates a sedan-based shared commuter service for urban Bangladeshi commuters and plans to launch school transportation under 'Shuttle for School'.
- Company typePrivate
- Founded2018
- HeadquartersDhaka, Bangladesh
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Shuttle does
Shuttle is a Bangladesh-based transport-tech startup founded in 2018 and headquartered in Dhaka. The company enables individuals and businesses to book seats in sedans for convenient and affordable daily commutes, positioning itself as a structured, technology-enabled alternative to informal transportation options in Bangladesh's congested urban market. The company operates as a direct-to-consumer platform with a stated mission to reduce traffic congestion and improve urban mobility.
The company's core product is a sedan-based shared commuter service, with a stated USD 1.5 million December 2022 funding round explicitly earmarked to expand this service nationwide across Bangladesh and to develop technology, products, and the team. Shuttle has announced a planned second vertical, 'Shuttle for School', which targets organized school transportation for students — a distinct segment addressing family and institutional demand for safer student mobility. No mobile app, API, SDK, third-party integrations, or proprietary technology components are disclosed in the available input.
Shuttle generates revenue through transportation service fees under a recurring/subscription revenue model, with stated customer segments being schools and families (primary use case via the planned Shuttle for School service) and general commuters. The company has raised approximately USD 2.5 million in total disclosed funding (with deal-level data summing closer to USD 2.8 million) across six rounds from 2018 to 2022, led in its latest round by South Asia Tech Partners with participation from Accelerating Asia, Bangladesh Angels, and Startup Bangladesh. Corporate and development backers include Robi Axiata and Biniyog Briddhi. The company is led by CEO Hesham Rajmi alongside co-founders Jawwad Jahangir (COO) and Shah Sufian (CTPO).
Shuttle firmographics
Firmographics- Name
- Shuttle
- Website
- https://shuttlebd.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Shuttle is a Dhaka-based transport-tech startup, founded in 2018, that operates a sedan-based shared commuter service for urban Bangladeshi commuters and plans to launch school transportation under 'Shuttle for School'.
- Ownership category
- akta.pro rank
Shuttle industry classification
Industry- Product category
- Shared Urban Mobility Services
- NAICS
- Transit and Ground Passenger Transportation (485), Other Transit and Ground Passenger Transportation (48599)
- SIC
- Local & Suburban Transit & Interurban Hwy Passenger Trans (4100)
- akta.pro primary industry
- Employer/Corporate Demand-Responsive Shuttles (THAIAHAG)
- akta.pro secondary industry
- Premium/On-Demand Private Hire Shuttles (Non-Shared DRT) (THAIAHAJ)
Keywords
Where Shuttle is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Markets served
Shuttle business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Transportation Services: Shuttle likely generates revenue through transportation service fees charged to commuters and potentially school transportation contracts. The company operates as a transport-tech startup providing mobility solutions.
Go-to-market motion1 record
Shuttle product offering
Product offeringCore offering
Shuttle allows individuals and businesses in Bangladesh to book seats in sedans for convenient and affordable daily urban commutes. The company operates a technology-enabled shared transportation service and has announced a planned vertical offering, 'Shuttle for School', to provide safe student transport to and from schools.
Product overview
Shuttle is a Bangladeshi transport-tech startup offering transportation services. The company operates as a single-service transportation platform and has announced plans to expand its offerings, including the upcoming 'Shuttle for School' service.
Differentiator
Problem solved
Functional benefit
Products and services
- Shuttle Commute Service
Companies that use Shuttle
Customer profileSegments2 records
Ideal customer profiles3 records
Shuttle technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Shuttle partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
Shuttle competitors and assessment
Company assessmentDirect peers
- Pathao: Bangladesh's leading ride-hailing super-app offering bikes, cars, and delivery, and a direct in-market competitor to Shuttle for daily commuter demand. Comparable on customer base (urban Bangladesh commuters), GTM (app-based), and pricing pressure.
- Swvl: Originally Egypt-founded, now globally listed mass-transit shuttle platform running fixed-route bus services in emerging markets. Comparable to Shuttle in providing tech-enabled shared transit and pivoting from B2C to B2B2C commuter routes.
- Obhai: Bangladesh-based ride-hailing platform competing on commuter and intra-city transport. Directly comparable to Shuttle as a domestic app-based passenger mobility operator targeting similar Dhaka commuters.
- Shuttl: India-based app-based office commute shuttle platform operating sedan and bus routes between residential areas and corporate hubs. Highly comparable to Shuttle's core commuter-shared model in terms of customer, vehicle type, and route structure.
- Cityflo: Mumbai-based tech-enabled commute shuttle operator running premium bus and coach services on fixed corporate commuter routes. Direct comparison to Shuttle on subscription-style recurring commuter transport and employer-targeted routes.
- Chalo: India-based urban transit technology company providing bus tracking apps, cashless ticketing, and route planning for public bus operators. Adjacent peer sharing Shuttle's goal of digitizing ground passenger transport in South Asian markets.
- Shohoz: Bangladesh super-app covering ride-hailing, bus ticketing, and event tickets. Comparable to Shuttle in addressing Bangladesh commuter pain points and increasingly overlapping on app-based shared transport.
Broad incumbents
- Uber: Global ride-hailing incumbent operating in Bangladesh with broad mobility offerings. Competes with Shuttle for the same urban commuter demand pool, but at significantly greater scale and capital intensity rather than a commuter-shuttle niche.
- Ola: India's largest domestic ride-hailing platform with cars, auto, and Ola Electric. Comparable on shared urban passenger transport, but operates as a broad incumbent across multiple vehicle categories rather than Shuttle's commuter-shuttle focus.
- Careem: Super-app ride-hailing and delivery platform dominant in the Middle East with presence in South Asia (Pakistan, Bangladesh). Comparable to Shuttle in emerging-market app-based passenger mobility, but broader in scope (ride-hailing, food, payments).
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Shuttle social profiles
Digital presenceShuttle financial estimates
Financial estimateRevenue estimate
Valuation estimate
Shuttle leadership team
Management profileNumber of profiles
Profiles4 records
Shuttle funding detail
Funding detailFunding overview
Funding rounds6 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Shuttle M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Shuttle
What does Shuttle do?
Shuttle allows individuals and businesses in Bangladesh to book seats in sedans for convenient and affordable daily urban commutes. The company operates a technology-enabled shared transportation service and has announced a planned vertical offering, 'Shuttle for School', to provide safe student transport to and from schools.
Is Shuttle a public or private company?
Shuttle is a private company. It is classified as venture growth investor backed and is currently operating.
When was Shuttle founded?
Shuttle was founded in 2018. It employs 101 to 250 people.
Where is Shuttle based?
Shuttle is headquartered in Dhaka, Bangladesh, in the Asia region.
How does Shuttle make money?
One revenue line is on record: transportation Services.
Who are Shuttle's main competitors?
Direct peers on record are Pathao, Swvl, Obhai, Shuttl, Cityflo, Chalo and Shohoz. Broad incumbents are Uber, Ola and Careem.
Does Shuttle have an API?
No public API is recorded for Shuttle.
What industry is Shuttle in?
Shuttle's product category is Shared Urban Mobility Services. Its primary akta.pro industry code is THAIAHAG, Employer/Corporate Demand-Responsive Shuttles, with a secondary code of THAIAHAJ, Premium/On-Demand Private Hire Shuttles (Non-Shared DRT). Its NAICS code is 485 and its SIC code is 4100.