Pakistan-based mobility startup Buscaro has raised $2 million in fresh funding to expand its tech-enabled commute services for students and corporate employees in major cities. The round was led by Daman Investments, with participation from Cartography Capital, Epic Angels, Wahed Ventures, Accelerate Prosperity, and angel investors, taking total funding to $3.5 million.
The company says it is now processing more than 900,000 bookings a month and is on track to close 2025 at $8.6 million in annualized revenue, up from $2 million in 2023 and over $6.3 million currently. Buscaro works with over 80 organizations across Karachi, Lahore, Islamabad, and Rawalpindi, claiming client retention above 97 percent.
Positioning itself as a structured alternative to crowded public buses, costly ride-hailing, and informal operators, Buscaro dedicates routes to partner schools and companies. Its platform combines live tracking for passengers and parents, financial transparency for businesses, operational dashboards for administrators, and safety protocols designed to build trust. The company says the model has improved punctuality and lowered transport costs for employers, while offering steadier incomes for drivers.
“Students, parents, and employees needed a dependable way to travel every day, and no one was stepping up,” said founder and CEO Maha Shahzad. “We built Buscaro to be that solution — safe, affordable, and structured.” Shahzad launched the service from her living room with a single bus; it has since scaled into one of the country’s largest mass-transit platforms.
User feedback cites reliability and safety as key draws. “Their vehicles show up on time, rides are comfortable and I feel safe,” said commuter Iqra Shabbir. Parent Abdul Majid added that the service “makes our morning routine much easier” and provides “a sense of security” for his children.
Investors framed the bet as both impact and scale. “By making commuting safe, structured, and technology-driven, Maha and her team are improving lives every day,” said Ahmed Khizer Khan, CEO of Daman Investments. “We look forward to helping them accelerate growth, expand into new cities, and redefine urban mobility across the region.”
Buscaro plans to expand into tier-2 cities, partner with government bodies to upgrade public transport using its technology, and explore international markets. Punjab Finance Minister Bilal Azhar Kayani called services like Buscaro “critical” for underserved communities, especially women, and said he looked forward to their arrival in District Jhelum. Economist and former Careem founding MD Junaid Iqbal said urban mobility remains “completely broken,” noting that two-wheelers dominate commutes and add to fuel imports: “BusCaro’s strategy to start by focusing on B2B use cases is on point.”
