About Savaree
Savaree is a Transportation, Automotive & Logistics company based in Lahore (Pakistan) founded in 2014, and was acquired by Careem in March 2016. P2P Carpooling platform. The company was acqui-hired. Its focus areas include Consumer, Road Transport Tech, Pooling and Car.
Company details
Savaree was founded in 2014 in Lahore, Pakistan, as a peer-to-peer carpooling platform. Routes, departure dates, and times are posted by drivers through the app. Passengers are enabled to search and select from available options that match their travel needs. Operations focus on facilitating shared rides within the transportation sector, primarily serving users across Pakistan.
- Headquarters Lahore, Pakistan
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website savaree.co
- Social LinkedIn X Facebook
- Acquired by Careem (Mar 2016)
Funding Insights of Savaree
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Savaree 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 |
|---|---|---|---|---|---|
| Jun 2015 | Angel Round | – | – |
2 investors in total: 2 institutional.
Investors in Savaree
Savaree has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Careem and Invest2Innovate.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| invest2innovate.com | ||||
Rides and deliveries are facilitated via a mobile app platform. | 2012 | careem.com | Dubai, United Arab Emirates |
Investor details for Savaree
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Savaree
3 dated milestones of Savaree across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Savaree is founded.
- Funding First funding round.
- Exit Acquired by Careem.
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Frequently Asked Questions about Savaree
Savaree was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Savaree is headquartered in Lahore, Pakistan. It is registered at Lahore, Punjab, Pakistan.
Savaree was founded in 2014 in Lahore, Pakistan, as a peer-to-peer carpooling platform. Routes, departure dates, and times are posted by drivers through the app. Passengers are enabled to search and select from available options that match their travel needs. Operations focus on facilitating shared rides within the transportation sector, primarily serving users across Pakistan.
Savaree has 2 investors. Key investors include Careem, and Invest2Innovate.
Yes. Savaree was acquired by Careem in March 2016.