The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.
May - 2012 - issue > Venture Beat
Savaari Car Rentals secures `5 Crore Funding from Inventus Capital
SI Team
The company aims to provide world class car rental services in India with prices that compete with the local car rental providers. It tries to lower the operating cost through extensive use of technology to provide excellent services. Savaari will use the funds to build a service to allow easy bookings by providing an automated billing for their customers. The company will also use the funds to recruit marketing talent and to grow its business across cities by establishing a strong sales network. Some of the funds will be used to improve technology solutions which deliver superior travel experiences to the customer.
Samir Kumar and Parag Dhol from Inventus Advisory Services (India) will be joining the Board of Directors at Savaari. Inventus's investment portfolio companies are Vizury Interactive Solutions Pvt Ltd (Internet marketing company), TeliBrahma (mobile digital media firm), Insta Health Solutions (hospital IT solutions firm), Pilani Soft Labs of redBus.in (online bus ticketing provider) and Wealth India Financial Services of FundsIndia.com (online investment services platform).
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