Pakistan-based mobility startup BusCaro has secured $2 million in fresh funding to scale its tech-driven daily commute services for students and corporate employees across major cities. The latest round, led by Daman Investments with participation from Cartography Capital, Epic Angels, Wahed Ventures, Accelerate Prosperity, and angel investors, brings Buscaro’s total funding to $3.5 million.
Founded in 2022 by Maha Shahzad, Buscaro operates as a structured alternative to crowded public buses, costly ride-hailing options, and unregulated transport providers. The company now facilitates over 900,000 bookings monthly, working with more than 80 organizations across Karachi, Lahore, Islamabad, and Rawalpindi. It reports a client retention rate of 97% and is projecting $8.6 million in annualized revenue by end-2025, up from $2 million in 2023 and $6.3 million currently.
At the heart of Buscaro’s model is a four-part technology platform: live tracking for passengers and parents, financial transparency for businesses, operational dashboards for administrators, and safety protocols to enhance trust. The company says this model has improved punctuality, lowered costs for employers, and provided stable income for drivers.
“We built Buscaro to be a safe, affordable, and structured solution for daily commuters,” said CEO Maha Shahzad, who launched the service with a single bus from her living room.
Investors see both social impact and scale potential in the startup. Ahmed Khizer Khan, CEO of Daman Investments, said: “By making commuting safe and technology-driven, Buscaro is redefining daily mobility in Pakistan. We’re excited to support their growth into new cities and beyond.”
Looking ahead, Buscaro plans to expand into tier-2 cities, collaborate with government agencies to modernize public transport, and explore international markets. The initiative has drawn endorsements from policymakers and industry leaders. Punjab Finance Minister Bilal Azhar Kayani called services like Buscaro “critical” for underserved communities, especially women, while Junaid Iqbal, former MD of Careem, said the company’s B2B-first approach is “on point” given Pakistan’s broken urban mobility landscape.
“Our vision is to make commuting safe, reliable, and affordable for families and companies across Pakistan and abroad,” Shahzad added.
