Super Highway Labs Pvt. Ltd.
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Super Highway Labs Pvt. Ltd. - overview
Established
2015
Location
Gurgaon, Haryana, India
Primary Industry
Transportation Services
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.
Current Investors
Lightspeed Venture Partners, Hong Shan, Amazon
Primary Industry
Transportation Services
Sub Industries
Consumer Services, Public Transit/Transportation, Internet, Analytics & Performance Software
Website
https://ride.shuttl.com
Verticals
Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only

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