VavaCars’ vision is to become the most trusted car transaction platform in emerging markets. It will launch in Turkey in 2019 and Pakistan in 2020. With the successful completion of a $50 million Series B fundraising round, the company is committed to expanding in Karachi and expanding its footprint throughout Pakistan.
VavaCars has transformed the way consumers buy, sell, and exchange automobiles in the unstructured and fragmented used car market. The company has opened six customer service centers in Karachi over the last two years and continues to provide an enhanced customer experience consistent with its values of trust, transparency, and convenience.
Khalil Shahab has been appointed Country Manager to oversee the acceleration and investment in VavaCars in Pakistan. Khalil previously served as Chief of Staff for a $1 billion fund focused on emerging market healthcare investments. He brings a breadth of experience from a variety of industries, including private equity, real estate development, and operations.
Khalil added
“I’m excited to begin my journey with VavaCars and be a part of an extraordinary mission to make car trading in Pakistan easier, simpler, and faster for consumers.” The current team has already established a disruptive business model in Karachi, and I look forward to collaborating with them on national expansion.”
Lawrence Merritt, CEO of VavaCars, stated:
“In keeping with VavaCars’ tradition of hiring the best talent, I am pleased to extend a warm welcome to Khalil Shahab, our Country Manager. I am confident that he will build a values-driven team that will advance our vision and mission, given his track record of establishing businesses and developing teams in Pakistan.”