# Super Highway Labs Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/super-highway-labs-pvt

- Industry: Transportation Services
- Headquarters: Gurgaon, India
- Website: https://ride.shuttl.com
- Total disclosed funding: $61M
- Latest round: Series C (Nov 6, 2019)
- Investors on record: 11

## About

Founded in 2015 and headquartered in Gurgaon, India, Super Highway Labs Pvt. Ltd. operates a digital platform providing efficient bus services, optimizing urban commuting through an innovative mobile application.Super Highway Labs Pvt. Ltd. specializes in enhancing urban transportation solutions. The company was founded in 2015 in Gurgaon, India. It has undergone strategic pivots to improve its service offerings. The firm was acquired by Zophop Technologies Pvt. Ltd. in October 2021, which aims to expand its market reach across metro cities in India. The latest funding round, Series C, raised INR 238.810 mn, reflecting the company's strong investment potential. The firm has completed 14 deals to date, contributing to a current valuation of INR 16795.660 mn.Super Highway Labs Pvt. Ltd. operates in the transportation sector with a focus on a digital platform that streamlines bus services for urban commuters. Their key product, a mobile application, enables users to book bus seats efficiently, aiming to reduce traffic congestion and improve public transport accessibility. Their services cater to a wide range of clients, including corporations and educational institutions, optimizing travel routes based on real-time data, and are primarily available in densely populated urban areas across India.In the most recent fiscal year of 2023, Super Highway Labs Pvt. Ltd. reported no revenue, with an EBITDA of -INR 184281.9. Revenue generation is primarily through a subscription-based model and direct transactions via their app, which offers ticket purchases for bus rides, catering to both individual users and corporate clients seeking employee transportation solutions.Super Highway Labs Pvt. Ltd. is focusing on expanding its technology offerings and geographic presence, particularly in metro cities across India, as part of its strategy for future growth. The recent acquisition by Zophop Technologies Pvt. Ltd. is expected to enhance its operational capabilities and facilitate expansion into new markets. Funding from the Series C round will be utilized to support these initiatives, broadening the scope of services and strengthening the firm's footprint both domestically and abroad.

## Funding rounds

- Series C, Nov 6, 2019, $21M — Toyota Tsusho, SPARX Group
- Series B, Mar 30, 2019, $6.2M — Lightspeed Venture Partners, Hong Shan, Times Internet Limited, SCI Investment & Merchant Bank
- Series B, Mar 30, 2018, $12M — Lightspeed Venture Partners, Hong Shan, Amazon, Times Internet Limited, Dentsu Ventures, Trifecta Venture
- Series A, Dec 1, 2015, $20M — Lightspeed Venture Partners, Hong Shan, Times Internet Limited
- Seed, Jun 29, 2015, $2.9M — Hong Shan, Spice Labs, AdvantEdge Founders
- Angel, May 11, 2015, $0.2M — Spice Labs, AdvantEdge Founders

## Investors

- Spice Labs — Angel, Seed
- AdvantEdge Founders (https://capitalatlas.ai/funds/advantedge-founders) — Angel, Seed
- Hong Shan — Seed, Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- Times Internet Limited — Series A, Series B
- Amazon (https://capitalatlas.ai/funds/amazon) — Series B
- Dentsu Ventures (https://capitalatlas.ai/funds/dentsu-ventures) — Series B
- Trifecta Venture — Series B
- SCI Investment & Merchant Bank — Series B
- Toyota Tsusho — Series C
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series C