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Pakistani mobility startup, BusCaro, has secured investment from Epic Angels, a global network of female executives and operators, to expand its operations and revolutionize Pakistan’s mobility sector. Epic Angels, the largest network of female investors focusing on the Asia Pacific and Latin American markets, has partnered with BusCaro to support its growth in the transportation industry.
BusCaro was established in 2022 to provide commuters with secure vehicles that meet their daily travel needs. According to the company, Epic Angels has contributed $6 million in annual revenue and 12 million bookings to BusCaro.
The company will be able to address the increasing market demand that has arisen as a result of the recent Pakistani educational regulations, which mandate high-capacity vehicles for 50% of students. This will be made possible by the combination of capital from Wahed Ventures and additional funding from prominent angel investors.
Strategic partnerships between corporations and educational institutions are employed by the company to acquire consumers at a low cost without causing any customer losses, while simultaneously collecting all invoices. BusCaro anticipates profitability in early 2026 and a $6.3 million annualised revenue by 2025.
Maaike Doyer, Founding and Managing Partner of Epic Angels, commented on the investment, saying, “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.”
Maha Shahzad, Founder and CEO of BusCaro, shared her appreciation for the support from Epic Angels, saying, “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.”
