Pakistani mobility startup BusCaro has secured investment from Epic Angels, the largest global female investor collective to revolutionize Pakistan’s mobility sector.

Epic Angels is the largest global network of female executives and operators investing in Asia Pacific and Latin America. This week, they are excited to announce their investment in BusCaro, a mobility startup in Pakistan that is revolutionizing mass transit by providing safe, reliable bus and minivan transportation to commuters for workplaces and schools by leveraging technology.

Summer 2022: One bus and a founder with a big vision – to make public transport safe and affordable in Pakistan. Fast forward to 2025, the company is touching US$ 6M ARR and has processed 12M+ bookings. This is the story of BusCaro, who just closed their latest round of funding with Epic Angels, Wahed Ventures, and notable angels to meet the demand created by new regulations in Pakistan that require schools to have 50% of their students use high capacity vehicles.

BusCaro is transforming Pakistan’s transportation landscape by providing safe, reliable, and affordable bus and minivan services for daily commute. In a market where 25 million potential customers have traditionally relied on a fragmented network of buses, ridesharing services, taxis, rickshaws, and private drivers, BusCaro stands out with its innovative tech-driven solution to long-standing challenges of safety, pricing transparency, and reliability.

BusCaro’s impact is particularly significant in addressing transportation safety concerns, especially for women commuters – a critical issue in a country where 85% of women have reported experiencing harassment on public transport. Through strategic partnerships with corporations and educational institutions, BusCaro is able to acquire customers at almost zero customer acquisition cost, has a 99% customer retention rate and 100 percent invoice collection rate, and is on track to achieve $6.3M in ARR in 2025, with profitability expected by early 2026.

“We first invested in BusCaro in January 2024 for their Pre-Seed round and have been beyond impressed by the fast yet sustainable growth they have achieved over the past year. Under Maha’s leadership, BusCaro has cracked the code to low cost acquisition – something competitors in the market have been unable to do. We are excited to continue to support the BusCaro team by leveraging our diverse and global network of investors,” says Maaike Doyer, Founding and Managing Partner of Epic Angels.

Maha Shahzad Founder and CEO of BusCaro says, “When we were first connected with Epic Angels, I looked up Maaike (the founder) on LinkedIn and her profile said ‘gets sh*t done.’ She’s not kidding – that sums up the Epic Angels motto. They’re quick, transparent and don’t waste a founder’s time. They’re always there to support but are never trying to run your business for you. These are amazing women we’re very proud to have in our corner.”