Pakistan’s mobility startup BusCaro raises pre-seed finance of $1.5 million

Pakisan's mobility startup BusCaro announced this week that it had secured $1.5 million in pre-seed funding in a round led by Orbit Startups, with participation from Wahed Ventures and angel investors.

BusCaro aims to address the gap between Pakistan’s inefficient public transport system and its often too-expensive taxis, rideshares, and rickshaws. Currently operating in Karachi, Lahore, and Islamabad, the company plans to collaborate with Pakistan’s 40,000 minivan and minibus drivers, connecting them with passengers through partnerships with entities like employers and schools. A typical BusCaro trip costs passengers, or their fare-paying partners, around Rs150, whereas the same trip in a rideshare vehicle could cost Rs800, and in a cab, it could go up to Rs1,400.

In a Linkedin post, the startup stated, “Navigating the challenges and doubling down on the impact — BusCaro closes a successful pre-seed funding round. We thank our exceptional team, partners, and investors for their unwavering support and for propelling us to greater heights!”