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Savaari Car Rental Raises Series A Funding Of $1M From Inventus Capital Partners

Bangalore based Savaari Car Rentals Pvt Ltd, a rental service that offers chauffeur-driven cars online, has raised  Rs 5 Crore or $1 Million in a series A funding from Inventus Capital Partners, reports VC Circle. Samir Kumar and Parag Dhol from Inventus Advisory Services, India (Indian subsidiary of the US-based Inventus Capital Partners) will be joining the Board of Directors at Savaari.

Savaari, which was founded by Gaurav Aggarwal in 2006 now covers a network of over 100 operators across 60 cities and has servicedover 7 lakh trip hours and 75 lakh trip kms. It provides single day, multi-city, multi days, and special packages targetted at retail & business users, and online booking agents.

The car rental service, operates across the country excluding North-east India and has a customer care center setup in Dehradun. The capital will be used to strengthen their marketing team and help them grow its business across cities by establishing a robust sales network. Apart from that, Savaari will invest also in technology solutions for enhancing customer experience. Until now, the company has invested to put in place an integrated backend engine for booking management and automated billing.

Other car rental services

There are a bunch of of car rental services popping up each day from  OlacabsGetmecab.com, and Easycabs. Services like Easycabs also provides in-car entertainment internet services, though the service is available in Mumbai as of yet. Makemytrip.com also provides car rental services with a chauffeur as well as self-driven cars.

When it comes to car rental services, it all comes down to how easy it is to book the car online and with big players like Makemytrip playing in the league which manages the entire trip-experience from train, flight, hotel, and car booking it remains to be seen how other services perform.

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