About Savaari
Savaari is a company based in Bengaluru (India) founded in 2006 by Gaurav Naresh Aggarwal was acquired by MakeMyTrip in October 2023. Savaari has raised $5.93 million across 4 funding rounds from investors including MakeMyTrip, Intel and Hindustan Media Ventures. The company has 153 employees as of April 08, 2024. Savaari offers products and services including App. Savaari operates in a competitive market with competitors including Uber, Omio, Zoomcar, Meru and Revv, among others.
- Headquarter Bengaluru, India
- Employees 153 as on 08 Apr, 2024
- Founders Gaurav Naresh Aggarwal
- Stage Minicorn
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Savaari Car Rentals Private Limited
- Date of Incorporation 13 Feb, 2012
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$12.73 M (USD)71.17as on Mar 31, 2023
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Net Profit
$236.78 K (USD)279.08as on Mar 31, 2023
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EBITDA
$89 K (USD)2190.96as on Mar 31, 2023
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Total Equity Funding
$5.93 M (USD)
in 4 rounds
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Latest Funding Round
$262.2 K (USD), Series B
Mar 28, 2022
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Investors
MakeMyTrip
& 3 more
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Employee Count
153
as on Apr 08, 2024
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Acquired by
MakeMyTrip
(Oct 31, 2023)
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Products & Services of Savaari
Savaari offers a comprehensive portfolio of products and services, including App.
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People of Savaari
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Funding Insights of Savaari
Savaari has successfully raised a total of $5.93M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $262.2 thousand completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Savaari
Savaari has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include MakeMyTrip, Intel and Hindustan Media Ventures.
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Early-stage venture capital investments are provided by Athera.
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Investor details for Savaari
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Investments & Acquisitions by Savaari
Investment portfolio details for Savaari
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Financial Statements - Savaari
Detailed financials for Savaari
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Savaari Comparisons
Peer comparison for Savaari
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Competitors of Savaari
Savaari operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Uber, Omio, Zoomcar, Meru and Revv, among others.
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An online platform providing ride-hailing and food delivery services
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App-based platform for booking transport services
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Self-drive car rentals are facilitated via a sharing marketplace.
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Ride-hailing services are facilitated via an app-based platform.
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Cars are rented online via a user-friendly platform.
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Detailed competitors of Savaari
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Latest news on Savaari
Complete news archive for Savaari
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Frequently Asked Questions about Savaari
Savaari was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Savaari is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Gaurav Naresh Aggarwal is the current CEO of Savaari. They have also founded this company.
Savaari is a funded company, having raised a total of $5.93M across 4 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Savaari is 153.
Annual revenue of Savaari is $12.73M as on Mar 31, 2023.
Savaari was founded in 2006 in Bengaluru, India, as an app-based aggregator in the ride-hailing sector. Intercity cab services are provided through a platform where passengers specify pick-up and drop-off locations, journey dates, and passenger counts to secure bookings. The application is accessible on iOS and Android devices, facilitating operations across various cities in India.
Savaari offers App.
Savaari has 4 investors. Key investors include MakeMyTrip, Intel, Hindustan Media Ventures, and Athera Venture Partners.
The valuation of Savaari is $26.83M as of Mar 2022.