According to the Startups 100 Index 2023, the top ranked startup in the UK is Caura. Caura is a car management app that helps drivers to manage all of their car-related admin in one place. The app allows users to book MOTs, servicing and repairs, as well as pay for city charges, tolls, road tax, insurance and parking. Caura has been praised for its convenience and user-friendly interface.
Caura launched in 2020 and was conceptualised and brought to life by CEO & Founder Dr. Sai Lakshmi, an ex-Bain consultant and former Business Development Manager at Apple. His entrepreneurial prowess is evident, having also founded Echo, the second largest pharmacy in the UK, which exited in 2019 to Lloyds Pharmacy. Caura was co-founded by Shaun Foce and Bhavin Kotecha who hold leadership roles across Technology and Finance respectively.
Caura has raised nearly $11m in funding to date, with a significant investment of $5m coming from Lloyds Banking Group (LBG) in January 2023. Caura’s previous backers include the venture arm of Jaguar Land Rover InMotion Ventures, Pareto Holdings, and Quiet Capital.
Caura continues to expand its offerings, having recently launched their own maintenance product this year, making it easier than ever for drivers to book an MOT, car service or repairs with local vetted mechanics. Future plans include developing embedded financial services such as vehicle financing, self-service SaaS solutions for SMEs, and white label solutions for enterprise providers.
UK motorists typically bounce between 8 to 10 websites to manage their motoring. Caura has streamlined this process, evident from its highly rated app, which boasts over 5,000 reviews on the App Stores and an impressive 4.8/5 star rating, solidifying its reputation as an award-winning solution.
Caura has offices in London and Manchester. The company’s headquarters is located in London.Caura has a team of over 50 employees. The company has experienced rapid growth in recent years, with its team size increasing by over 300% in the past two years.Caura is actively hiring for a number of positions. The company is looking for talented individuals to join its team in a variety of roles, including engineering, marketing, and sales.
A MESSAGE FOR CAURA TEAM
To the Caura team,
I wanted to take this opportunity to thank you for all of your hard work and dedication. Your passion for creating a more convenient and user-friendly way for drivers to manage their car-related admin is truly inspiring.
I know that you have faced many challenges along the way, but you have never given up. You have continued to innovate and improve your product, and you have built a strong and loyal user base.
I am confident that Caura will continue to succeed in the years to come. I am excited to see what you will achieve next.
Thank you again for all of your hard work. I wish you all the best in the future.
