Sony Innovation Fund has led a $30m investment for the car rental service as part of a series D round targeting a $100m final close.
India-based on-demand car rental service Zoomcar India has collected $30m from investors led by Sony Innovation Fund by IGV, a corporate venturing vehicle for consumer electronics producer Sony, the Economic Times reported yesterday.
The tranche also features undisclosed existing investors and reportedly forms part of an ongoing series D round for Zoomcar that is targeting a final close of $100m.
Earlier reports had indicated Zoomcar was seeking $500m in April 2019 from investors including automotive manufacturer Mahindra & Mahindra,…
