Car sharing platform Zoomcar is in talks with conglomerate Mahindra and Mahindra as well as two undisclosed investors over a round that will support growth.
India-based car rental service Zoomcar, has entered talks with potential investors including conglomerate Mahindra and Mahindra to raise $50m, LiveMint reported yesterday, citing two people close to the development.
One of the sources said three investors have expressed interest, with the talks having advanced furthest with Mahindra, though neither it nor Zoomcar have commented.
Founded in 2012, Zoomcar operates an online platform that allows users to book a vehicle that they pay for, locate and unlock through an app, and…
