Buscaro has secured $2 million in new funding to accelerate the growth of its safe and technology-enabled commuting services across Pakistan’s major cities. The round was led by Daman Investments with participation from Cartography Capital, Epic Angels, Wahed Ventures, Accelerate Prosperity and several angel investors, bringing Buscaro’s total funding to $3.5 million. This investment underscores a rising interest in structured and affordable transport solutions at a time when public transit systems in Pakistan are facing significant challenges. With over 900,000 monthly bookings and partnerships with more than 80 corporate clients, schools and institutions, the company is positioning itself as a trusted commuting partner.
Founded by Maha Shahzad in 2022, Buscaro began with a single bus from her living room and quickly scaled to become one of Pakistan’s largest mass transit platforms. After global competitor Swvl exited Pakistan, Shahzad identified the gap in the market and launched Buscaro as an affordable, safe and structured solution for daily commuters. The platform’s four-part technology stack offers live ride tracking for passengers and parents, financial transparency for organizations, operational visibility for administrators and safety-focused systems. With a client retention rate of over 97 percent in Karachi, Lahore, Islamabad and Rawalpindi, Buscaro’s model is proving effective for businesses, parents and commuters alike.
The company’s financial growth reflects its traction in the market. Revenues have increased from $2 million in 2023 to more than $6.3 million today, and it is on track to close 2025 with $8.6 million in annualized revenue. Buscaro’s latest funding round comes at a time when Pakistan’s urban transport sector is burdened with outdated regulations, high fuel costs and a fragmented vendor market. Investors see potential in the company’s approach to addressing these challenges. Ahmed Khizer Khan, CEO of Daman Investments, stated that by making commuting safe and technology-driven, Buscaro is redefining daily mobility in Pakistan and the firm is eager to support its growth into new cities.
Buscaro’s services are particularly valued by women commuters and parents who prioritize safety and reliability. Commuter Iqra Shabbir shared that she prefers the service because vehicles arrive on time, rides are comfortable and she feels safe. Parent Abdul Majid added that his two children use Buscaro for their school commute, making their morning routine easier and giving him peace of mind about their safety. With its latest funding, the company is planning to expand into tier-2 cities and underserved industrial hubs, while also exploring collaborations with government bodies to upgrade public transport systems. International expansion is also being considered as part of its broader vision to make commuting safe, reliable and affordable for families and companies.
This local initiative is being recognized by government officials and industry veterans alike. Punjab Finance Minister Bilal Azhar Kayani emphasized his support for initiatives that empower women through safer public transport options, while former Careem MD Junaid Iqbal highlighted the severity of Pakistan’s urban mobility issues and praised Buscaro’s business-to-business approach as a practical solution to the country’s $5 billion fuel import challenge. By filling the gap left behind by Swvl and building a comprehensive, tech-enabled transport network, Buscaro is positioning itself as a homegrown solution for Pakistan’s daily commuting needs.
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