Zoomcar eyes Massive Expansion with $30 Mn Fresh Funding

Bengaluru based Zoomcar has started 2020 with a bang after it announced a massive funding round of $30 Mn. The latest fund infusion in one of India’s popular self-driving car rental startup was spearheaded by Sony Innovation Fund, an venture capital arm of electronic giant Sony. Image Source: Youtube.com Some existing investors also reportedly took part in…

ByGirish ShettiJanuary 21, 20200Comments

News

Zoomcar and Drivezy are Holding Merger Talks: Report

Car and bike rental startup Drivezy and self-drive car rental company Zoomcar are holding merger talks, according to a report published in Livemint. These unconfirmed merger talks marks what could be possibly the first consolidation phase in India’s urban mobility space. Zoomcar holding talks to merge with rival Drivezy Livemint cited unidentified source to claim that the…

ByGirish ShettiJune 11, 20190Comments

Funding News

Zoomcar eyes Implausible Dream of Unicorn tag, Thanks to Mahindra : Report

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…

ByGirish ShettiApril 3, 20190Comments

News

Mahindra & Mahindra Pumps $27.6 million in car rental startup Zoomcar

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…

ByGirish ShettiFebruary 16, 20180Comments

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