Buscaro, a rapidly scaling platform for safe and structured daily commuting, has successfully closed a $2 million funding round. The round was led by Daman Investments with participation from Cartography Capital, Epic Angels, Wahed Ventures, Accelerate Prosperity, and notable angels, bringing the company's total capital raised to $3.5 million.
The investment aims to significantly scale its operations across Pakistan, addressing a critical urban mobility challenge.
Pakistan's major cities grapple with a complex daily commute. Overcrowded public transport, safety concerns with informal options, and expensive ride-hailing services create significant stress for millions. Consequently, Buscaro emerged to fill this void, offering a dependable alternative for students and employees. The company now manages over 900,000 monthly bookings, projecting an impressive $8.6 million in annualized revenue by the close of 2025.
Buscaro’s model focuses on B2B partnerships, providing dedicated routes for companies, schools, and institutions. Unlike fragmented transport providers, its integrated four-part technology stack ensures live tracking for passengers, financial transparency for businesses, and operational visibility for administrators. Furthermore, safety-first systems build essential trust. With over 80 corporate partners across Karachi, Lahore, Islamabad, and Rawalpindi, Buscaro boasts a client retention rate exceeding 97% year after year. This strategic approach highlights the growing importance of mobility tech solutions in emerging markets.
For commuters, the impact is tangible. Parents gain peace of mind with live tracking for their children's school commutes. Women passengers consistently report feeling safer with Buscaro than with other options. Companies, moreover, observe reduced absenteeism, improved punctuality, and lower transport costs. Drivers, or "captains," also benefit from higher, steadier incomes due to guaranteed demand.
Looking ahead, Buscaro plans to expand into underserved tier-2 cities across Pakistan. The company also aims to pursue partnerships with government bodies to upgrade public transport networks using its technology. International expansion is also on the horizon, leveraging the company’s scalable platform and operational expertise.
