About Savaari
Savaari is a Travel & Hospitality company based in Bengaluru (India) founded in 2006 by Gaurav Naresh Aggarwal, and was acquired by MakeMyTrip in October 2023. App-based intercity ride-hailing aggregator. It operates in the Travel & Hospitality and Transportation, Automotive & Logistics sectors. Savaari has raised $5.93 million across 4 funding rounds from investors including MakeMyTrip, Intel and Hindustan Media Ventures. The company has 153 employees. Savaari was last valued at $26.83 million in March 2022. Its chief executive, as recorded, is Gaurav Naresh Aggarwal. Its website savaari.com draws about 688 thousand monthly visits. Its Indian entity Savaari Car Rentals Private Limited reported revenue of ₹274 Cr. Savaari offers products and services including App. Its focus areas include Consumer, Road Transport Tech, Ride Hailing and Cars. Its competitors include Zoomcar, Meru and Revv; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 153
- Founders Gaurav Naresh Aggarwal
- Stage Acquired
- SectorsTravel & HospitalityTransportation, Automotive & Logistics
- Website category Travel and Tourism · Car Rentals
- Email••••••••
- Phone•••• ••••
- Website savaari.com
- Social LinkedIn X Facebook
- Acquired by MakeMyTrip (Oct 2023)
- Legal Name Savaari Car Rentals Private Limited
- Date of Incorporation 13 Feb, 2012
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹274 Cr
FY 2025 · +77% YoY
- Net Profit₹4.71 Cr
FY 2025 · 2% margin
- EBITDA₹7.24 Cr
FY 2025 · 3% margin
- Total Equity Funding$5.93M (USD)
in 4 rounds
- Latest Funding Round$262.2K (USD), Series B
Mar 2022
- InvestorsMakeMyTrip
& 3 more
- Employee Count153
- Acquired byMakeMyTrip
(Oct 2023)
Associated legal entities of Savaari
Savaari operates through Savaari Car Rentals Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Savaari Car Rentals Private Limited CIN U60231KA2012PTC062501 | Active | 13 Feb 2012 | Bangalore, Karnataka | ₹274 Cr | 153 | 6 | View details |
Products & Services of Savaari
Savaari offers a comprehensive portfolio of products and services, including App.
Application requiring portrait mode for optimal use
Apps and channels of Savaari
Savaari publishes 1 mobile app with over 1M+ downloads.
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 $5.93M
- Total Rounds 4
- Last Round Series B — $262,200
- First Round $1M
(Mar 2012)
- Investors Count 3
All 4 funding rounds of Savaari with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $262,200 | Series B | $26.83M | Hindustan Media Ventures | – |
| Mar 2016 | $254,884 | Series B | $12.36M | Athera | – |
| Oct 2013 | $4.41M | Series B | $••••• | Intel | |
| Mar 2012 | $1M | Series A | $••••• | Athera | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $26.83M | •••••••• |
| Mar 2016 | $12.36M | •••••••• |
| Oct 2013 | $••••• | •••••••• |
| Mar 2012 | $••••• | •••••••• |
Full valuation and stage history of Savaari
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $26.83M (Mar 2022). 4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments are provided by Athera. | 2008 | atheravp.com | Bengaluru, India | |
Printed newspapers and periodicals are produced and published. | 1918 | hmvl.in | Delhi, India | |
Semiconductor ICs and microprocessors are designed and manufactured. | 1968 | intel.com | Santa Clara, United States | |
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | makemytrip.com | Gurugram, India |
Investor details for Savaari
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Board of directors of Savaari Car Rentals Private Limited (Savaari)
Savaari Car Rentals Private Limited is the primary company behind Savaari. The board of Savaari Car Rentals Private Limited currently have 5 directors; the longest-serving is Gaurav Naresh Aggarwal, appointed in 2012. 14 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Naresh Aggarwal DIN 05164101 | Director | 13 Feb 2012 | 14 yrs 8 mo | Savaari Car Rentals Private Limited |
| Manik Shah DIN 05164313 | Director | 28 Feb 2012 | 14 yrs 8 mo | Savaari Car Rentals Private Limited |
| Niraj Kumar Munka DIN 10407086 | Director | 01 Dec 2023 | 2 yrs 11 mo | Savaari Car Rentals Private Limited |
| Anurag Sharma DIN 10330745 | Director | 28 Feb 2024 | 2 yrs 8 mo | Savaari Car Rentals Private Limited |
| Nihit Jain DIN 10761443 | Director | 06 Sep 2024 | 2 yrs 2 mo | Savaari Car Rentals Private Limited |
People of Savaari
10 people are tracked at Savaari (2 in leadership, 8 in team); the tracked headcount is 153.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Dipankar Swami | Business Head - Alliances And Affiliates | Leadership |
Ansh Bhatnagar Bhatnagar | Team Lead | Team |
Shubhendu Satyam | Team Lead | Team |
Advika Parthvi | Product Manager - Growth | Team |
Vasudeva K.M | Program Manager | Team |
Hemant Sharma | Senior Business Development Officer | Team |
Govind Singh | Manager Accounts | Team |
Silpa Chacko | Brand Manager - Growth | Team |
Smiral Shah | Graphic Designer | Team |
Complete people profiles for Savaari
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Financials of Savaari
Figures of Savaari Car Rentals Private Limited, the primary company behind Savaari, for FY 2025. Revenue was ₹274 Cr (+77% year on year). Net profit was ₹4.71 Cr (2% margin). EBITDA was ₹7.24 Cr (3% margin). Revenue has grown at a compounded annual rate of +64% over three years and +28% over five years.
- ₹274 CrRevenue · FY 2025 · +77% YoY
- ₹4.71 CrNet profit · 2% margin
- ₹7.24 CrEBITDA · 3% margin
- ₹3.2 LakhPaid-up capital
- 153Employees (provident fund records)
- +64%Revenue CAGR, 3 years
- +28%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Savaari Car Rentals Private Limited are on its company page.
Detailed financial statements for Savaari
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Savaari
5 dated milestones of Savaari across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Savaari is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $262K.
- Exit Acquired by MakeMyTrip.
Competitors of Savaari
Savaari has 3 listed competitors in our database, 3 of them funded. They include Zoomcar, Meru and Revv.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zoomcar.com | 2012 | Bengaluru, India | $264.32M | Self-drive car rentals are facilitated via a sharing marketplace. | ||
| meru.in | 2007 | Mumbai, India | $135.07M | 23 | Ride-hailing services are facilitated via an app-based platform. | |
| revv.co.in | 2015 | Bengaluru, India | $38.23M | 200 | Cars are rented online via a user-friendly platform. |
Detailed competitors of Savaari
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Web traffic of Savaari
The website of Savaari (savaari.com) receives about 687.7K visits a month and ranks #54,678 among all websites worldwide, #1,524 in Car Rentals.
- Monthly visits687.7K
▼ 26% vs previous month
- Unique visitors556.6K
per month
- Global rank#54,678
among all websites
- Category rank#1,524
Travel and Tourism · Car Rentals
- Bounce rate27%
- Pages per visit3.2
- Average visit1 min 50 sec
- DevicesDesktop 18% · Mobile 82%
Websites whose visitors overlap most with Savaari. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cabbazar.com | 100% | 471.6K | #87,950 | View details | |
| zoomcar.com | 88% | 715K | #58,422 | View details | |
| revv.co.in | 83% | 741.6K | #71,335 | View details | |
| gozocabs.com | 82% | 191.5K | #171,359 | View details | |
| chikucab.com | 74% | 72.7K | #555,260 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Savaari
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- 40 similar websites
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Top companies in Online Travel
3 companies that operate in the same segment as Savaari (Online Travel) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 399 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 465 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 425 |
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Related news about 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 CEO of Savaari, as recorded in our data. They have also founded this 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 A of $1M, raised on Mar 2012.
Savaari has 153 employees.
The primary company behind Savaari, Savaari Car Rentals Private Limited, reported revenue of ₹274 Cr for FY 2025, up 77% year on year.
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 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.
Savaari operates through Savaari Car Rentals Private Limited.
Yes. Savaari was acquired by MakeMyTrip in October 2023.