New Delhi, April 9: India's only startup to offer used-car leasing in corporate and retail segment PumPumPum has secured Rs 5.5 crore pre-series A funding led by Inflection Point Ventures.
The startup endeavours to empower smart car ownership for Indian millennials by providing 'cars as a service' and ensuring safety, affordability, flexibility and minimised liabilities.
"Car leasing and subscription is fast catching pace in the country and has a great future ahead," said Founder and Chief Executive Officer of PumPumPum Tarun Lawadia.
"We are committed to offer a hassle-free smart car experience with zero down-payments, zero maintenance charges and zero insurance premiums," he added.
The startup has strategic tie-ups with financial partners such as ICICI Bank, IDFC Bank, Canara Bank and Kogta Finance.
PumPumPum redefines the traditional approach of car ownership by providing IoT enabled pre-owned cars at an affordable and flexible subscription for short to long-term durations.
(ANI/2 days ago) https://www.newkerala.com/business-india-news.php
