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Amit Singh, Deepanshu Malviya, 39, 34

Co-founders, Shuttl

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At a time when cities are dealing with rising pollution levels and incessant traffic congestion, people moving away from cars to buses for their daily commute hardly seems surprising. While working at e-commerce firm Jabong, IITians Amit Singh (right) and Deepanshu Malviya sensed the opportunity in the shared mobility space. In 2015, they started Shuttl, a bus aggregator, in Gurugram. Four years down the road, the startup seems to be on the right track. It has helped save 32,300 tonnes of CO2 emissions —equivalent to 1.29 million tree years—with over 22 million shared rides since its inception. In the past year, it doubled its ridership to 75,000 rides per day, displacing 16,000 cars and freeing an equivalent road space of 53 km each day. That’s more than what CEO Singh and Malviya could have asked for. In April, the firm secured a part of its Series B funding of ₹41 crore. It had raised ₹49.99 crore from Sequoia Capital India, SCI investments, Lightspeed India Partners, and Times Internet in March. It seems Shuttl has picked up pace already.

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