Venture capital firm SternAegis Ventures led the latest round for the Sony, Ford, Nokia and Mahindra & Mahindra-backed car rental service.
Zoomcar, the India-based on-demand car rental service backed by corporates Sony, Mahindra & Mahindra and Ford, has raised $92m in a series E round led by SternAegis Ventures, TechCrunch reported on Monday.
Founded in 2012, Zoomcar runs a mobile platform where users can flexibly hire cars on a monthly, weekly, daily or even hourly basis. It currently boasts over 10,000 vehicles on its platform.
The series E proceeds will be use to expand the company’s footprint in more than 20…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
