On Tuesday, April 4, 2023, Shuttlers, a Lagos-based mobility startup, announced the close of a $4 million round. The startup which was founded in 2016 by Damilola Olokesusi had previously raised a $1.6 million round in 2021, five years after it first began operations. At the time, it had 10,000 users, covered 30 routes in Lagos, Nigeria, and sold more than 6,000 bus tickets daily.
Since then, it has grown, adding an extra 60,000 users besides selling more than 9,000 tickets daily. Shuttlers also has 260 buses that ply 300 routes daily in Lagos and Abuja and at least 80 organisations use it to convey employees to and from work.
Starting Shuttlers was the result of Olokesusi’s experience with Lagos’ chaotic transportation system. Having been raised in Ibadan, the difficulty involved in getting a bus ride was unfamiliar and pushed her to start the company. Its value proposition is simple — individuals and businesses can sign up on the platform to book a ride along selected routes. While…
