Gozoomo, a Bangalore, India-based is a peer-to-peer car platform, raised $5m in funding.
The round was led by SAIF Partners.
The company intends to use the funds to strengthen operations, technology and product leadership in their niche.
Led by Arnav Kumar, CEO, Gozoomo operates a peer-to-peer car platform for patrons to buy verified, pre-inspected cars from direct owners without paying any brokerage. It is active in Bangalore & Mumbai, with impending launches in Delhi, Pune, Hyderabad & Chandigarh. It follows a business model that offers services throughout the transaction process including car shortlisting, establishing a fair price, inspection, paperwork, advance booking, loans, insurance, warranty, refurbishing and post sales support.