Zoomcar touches 92 million !
- ByStartupStory | November 9, 2021
The famous Car-sharing startup Zoomcar has raised $92 million in a private placement led by New York-based SternAegis Ventures with participation from international family offices and institutional investors. Zoomcar intends to use this financial growth in its car-sharing marketplace in India and markets across Asia. They made it clear that it will continue to invest in its advanced engineering and data science platform enabling it to strengthen its market leadership in global car sharing. Zoomcar also recently expanded across South-East Asia and the MENA region to create a global car-sharing platform.
Greg Moran, the CEO of Zoomcar said “This successful crossover financing is a milestone for Zoomcar as we enter the next phase of our international growth and position the company to enter the public equity markets”. Zoomcar allows individuals to rent from a diverse pool of cars by the hour or by the day.
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