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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $262,200
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First Round
First Round
(23 Mar 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series B - Savaari | Valuation | Hindustan Media Ventures |
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| Mar, 2016 | Amount | Series B - Savaari | Valuation | Athera |
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| Oct, 2013 | Amount | Series B - Savaari | Valuation | Intel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital investments are provided by Athera.
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Founded Year | Domain | Location | |
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Printed newspapers and periodicals are produced and published.
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Founded Year | Domain | Location | |
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Semiconductor ICs and microprocessors are designed and manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Savaari
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Savaari
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Savaari Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
App-based platform for booking transport services
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| domain | founded_year | HQ Location |
Self-drive car rentals are facilitated via a sharing marketplace.
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| domain | founded_year | HQ Location |
Ride-hailing services are facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Cars are rented online via a user-friendly platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Savaari
Frequently Asked Questions about Savaari
When was Savaari founded?
Savaari was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Where is Savaari located?
Savaari is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Savaari?
Gaurav Naresh Aggarwal is the current CEO of Savaari. They have also founded this company.
Is Savaari a funded company?
Savaari is a funded company, having raised a total of $5.93M across 4 funding rounds to date. The company's 1st funding round was a Series B of $4.41M, raised on Mar 23, 2012.
How many employees does Savaari have?
As of Apr 08, 2024, the latest employee count at Savaari is 153.
What is the annual revenue of Savaari?
Annual revenue of Savaari is $12.73M as on Mar 31, 2023.
What does Savaari do?
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.
What products or services does Savaari offer?
Savaari offers App.
Who are Savaari's investors?
Savaari has 4 investors. Key investors include MakeMyTrip, Intel, Hindustan Media Ventures, and Athera Venture Partners.
What is Savaari's valuation?
The valuation of Savaari is $26.83M as of Mar 2022.
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