Khobar-based Vision Ventures has invested in Egyptian bus booking startup, the firm announced today, without disclosing the size of investment. The investment is an extension of the seed round Buseet raised three months ago from 500 Startups, Cairo Angels, and some other angel investors, the firm told MENAbytes.
Founded last year by Amr El-Sawy, Khaled Moawad and Mohamed Abdel Aziz, who have previously worked at companies like Microsoft and LinkDev, Buseet allows commuters book modern minibuses, which are cheaper than the regular ride-hailing options and better than public transportation. Their services are currently available on some fixed routes in Cairo and Alexandria. You may learn more about them in this article where we profiled the company.
“Buseet solves a simple problem with a simple no fuss solution. It offers commuters an easy, clean, comfortable and cost effective alternative that is better than public transport and cheaper than personal solutions. This is a very big problem in densely populated cities,” said Kais Al-Essa, the Founding Partner of Vision Ventures, speaking to MENAbytes.