ZoomCar Raises $8M

zoomcarZoomCar Private Limited, a Bangalore, India-based self-driven car rental startup, raised $8m in funding.

The round was led by Sequoia Capital India with participation from Mohandas Pai, Abhay Jain, Empire Angels, FundersClub, Basset Investment Group, and Triangle Growth Partners.

The company intends to use the funds to expand its presence into other cities, hire new people (read here) and continue to develop its technology.

Led by Greg Moran, CEO, and David Back, President, Zoomcar is a a membership-basedĀ self-drive car rental service which allows users to rent cars by the hour, day, week, or month.

The mobile app is available for Android and iOS.

FinSMEs

31/10/2014

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