Roamer has raised six-figure (USD) seed investment and is now offering 30 minutes car rental with driver in Rawalpindi & Islamabad. The investment was raised from angel investors in London, Saudi Arabia, Dubai, and Pakistan.
Get 30 minutes rides for Rs 300 only! No Peak Factor & Unlimited Stops only on Roamer app!#30minRs300
Posted by Roamer on Monday, February 10, 2020
Mohammad Hadi, CEO Roamer said “We have recently raised a sizeable investment from our network of angel investors and we plan to use this investment to accelerate growth in Rawalpindi & Islamabad as well as to expand to Lahore and Karachi in the next few months. We are also launching 30 minutes car rental to provide more value to our users who were previously limited to minimum one-hour bookings.”
Ali Moeen, CTO/COO, said, “The transportation space and the startup environment at large is undergoing a transition where we are seeing that path to profitability is becoming a larger concern to investors. With the recent news of other startups closing operations in some territories to now create a path to profitability, I can proudly say that our business model was built around a defined profitability path and healthy unit economics right from the start. The times of irresponsible user acquisition are dead and Roamer is one of the new age startups leading the change.”