Savaari Car Rentals Pvt Ltd (www.savaari.com), India’s largest online chauffeur driven car rental company has received its Series A funding of INR 5 crore from Inventus Capital Partners. This is a first for any online car rental organization in the country. Since its inception, Savaari has grown to a network of over 100 operators across 60 cities and has clocked an experience of over 7 lakh trip hours and 75 lakh trip kms. Savaari Car Rentals is targeted at corporate users, retail users and online travel agents. Clients of Savaari opt for day trips as well as multi-day, multi-city trips.
Savaari has invested in a robust integrated backend engine that allows easy bookings management, as well as giving automated billing for its customers. Savaari delivers a seamless booking and journey experience to customers by completely owning the customer experience and being the only touch point for customers throughout their journey. Savaari will further invest in technology solutions to deliver superior travel experiences to the customer.
Savaari will also use the funds raised to hire top marketing talent, and grow its business across cities by establishing a robust sales network.
"We are excited to have access to Inventus and their entrepreneurial experience. We believe that their support and direction will help us innovate and establish ourselves as the leader in the online car rental space in the country. The funds will be utilized to expand our reach within the country and in building a valued, scalable & innovative business" said Gaurav Aggarwal, Founder & CEO of Savaari.
“In Savaari we found a passionate entrepreneur who had boot-strapped the business to make it a significant pan-India operation. . Inventus believes the highly fragmented car rental market is ripe for aggregation, and Savaari is well poised to become the leading player in this space” said Samir Kumar, Managing Director, Inventus Advisory Services. “Inventus has used Savaari for over 50+ trips across multiple cities, and we’re very satisfied customers ourselves”, he added.
Samir Kumar and Parag Dhol from Inventus Advisory Services (India) will be joining the Board of Directors at Savaari.
About Inventus Capital Partners:
Inventus Capital Partners is a US-India venture firm managed by successful entrepreneurs and industry operating veterans who have guided and financed over 100 entrepreneurs with operations in India and/or Silicon Valley. Inventus backs entrepreneurs first and foremost. The companies financed by the Inventus managers over their careers have achieved nearly three dozen successful IPOs or mergers, to date, resulting in the creation of over $30 billion in aggregate wealth and market value for the company founders and shareholders.
About Savaari:
Savaari was founded by Gaurav Aggarwal. He and his co-founders have grown the business to a network of over 100 operators across 60 cities. The company has to date clocked an experience of doing over 7 lakh trip hours and 75 lakh trip kms. Savaari has its operations center in Moradabad and a customer care centre in Dehradun, while being HQ in Bangalore. Cars from Savaari can be booked online by visiting www.savaari.com or offline by calling their 24x7 customer contact number, +91 935 858 5237
Sourced From: Savaari Car Rentals
