Savaari Car Rentals Pvt. Ltd.
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Savaari Car Rentals Pvt. Ltd. - overview
Established
2006
Location
Bangalore, -, India
Primary Industry
Transportation Services
About
Savaari Car Rentals Pvt. Ltd. is a prominent car rental service in India, specializing in chauffeur-driven transportation for intercity travel, local rentals, and airport transfers. Founded in 2006 and headquartered in Bangalore, India, Savaari Car Rentals Pvt.
Ltd. provides extensive car rental services across over 1. 5 million routes in India. The firm was co-founded by Amit Jain, Gaurav Aggarwal, Manik Shah, Mohit Khanna, and Rahul Khanna, with Gaurav Aggarwal currently serving as CEO.
It has secured a total of INR 270 mn in funding, with the most recent round being Series B in October 2023, led by Intel Capital and Inventus Capital Partners. The company's latest valuation stands at INR 952. 94 mn. Savaari Car Rentals focuses on chauffeur-driven car rental services, encompassing intercity travel, local rentals, and airport transfers.
Their offerings include one-way and round-trip options, local rentals for periods ranging from 4 to 12 hours, and a seamless booking process through their website and mobile app. The company caters to diverse clients, including individuals, corporate clients, and families, across more than 2,000 cities in India, ensuring accessible travel solutions nationwide. In the most recent fiscal year, 2023, Savaari Car Rentals reported a revenue of INR 13,039,005. 10 and an EBITDA of INR 207,519.
30. Their revenue is primarily generated through direct-to-consumer transactions, with pricing structured for transparency and ease for customers. On October 31, 2023, it was announced that MakeMyTrip (India) Private Limited will acquire Savaari Car Rentals, completing the transaction on January 25, 2024. This acquisition is aimed at enhancing MakeMyTrip's foothold in the intercity car rental market within India.
The integration is expected to leverage Savaari's extensive service network, further expanding their market reach and operational capabilities.
Current Investors
Inventus Capital Partners, Intel Capital
Primary Industry
Transportation Services
Sub Industries
Car Hire Services
Website
www.savaari.com
Verticals
E-commerce, Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Savaari Car Rentals Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Savaari Car Rentals Pvt. Ltd. | - |
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