Dhaka, Dec. 20 -- Bangladeshi transport-tech startup Shuttle has announced USD 1.5 million in new funding, bringing its total investment to USD 2.5 million to date. The company charges less than one-third the price of regular ride-sharing by clubbing 4-10 people together in sedans and minivans.

Shuttle's potential to change the consumer transport dynamics and reduce pollution in congested cities has earned its founders spots in the Forbes 30 under 30 Asia list, said a statement.

The round was led by South Asia Tech -- a growth-stage venture capital fund -- focused on logistics and e-commerce startups in South Asia. Other investors in the round include Startup Bangladesh Limited - the only government VC fund in the country, investors fro...