Self-Driving car rental startup Zoomcar may soon get another funding push. This is courtesy due to its existing investor Mahindra & Mahindra, which is reportedly planning to invest $300-500 through a new funding round. According to report published in Livemint, Mahindra & Mahindra is planning to finance the new round through equity as well a…
Mahindra & Mahindra infuses $27.6 million in car rental startup Zoomcar
Auto major Mahindra & Mahindra (M&M) Ltd has infused $27.6 million (Rs 176 crore) in self-drive car rental startup Zoomcar. The investment gives auto major 16% stake in the Bengaluru based startup. M&M’s investment was part of Zoomcar’s series C funding round that also saw…
