Existing investor Mahindra & Mahindra is reportedly in line to lead the car rental platform's next round with an investment of between $300m and $400m.
Automotive manufacturer Mahindra & Mahindra has entered discussions to invest in India-based on-demand car rental service Zoomcar as part of a $500m funding round, LiveMint reported today.
The prospective round will consist of a mixture of debt and equity financing, according to two people aware of the development, one of which told LiveMint that Mahindra is set to invest between $300m and $400m.
Zoomcar runs a self-drive vehicle rental platform that enables users to book and rent cars through a…
