ZoomCar Raises $215K to Expand Services in India
The self-drive car rental startup plans to enter the $3 billion rental car market in India and open up more locations by the end of 2013.
According to TechCircle on April 1, Bangalore-based ZoomCar India Pvt. Ltd. raised more than $215,000 from New York-based Empire Angels and a UK-based investor group led by Lady Barbara Judge.
The company aims to enter the $3 billion rental car market in India and expand to multiple neighborhoods over the next nine months.
ZoomCar currently runs a self-drive car rental service with seven vehicles, allowing members to rent by the hour or day. Once registered, members can choose a car from the website or mobile app and pick up or drop off the car from the same location once their usage is over.
View the full article from TechCircle by clicking on the URL:
http://techcircle.vccircle.com/2013/04/01/self-drive-car-rental-startup-zoom-raises-215k-in-angel-funding-targets-3b-rent-a-car-market/
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