Indian car rental site ZoomCar raises $1m in seed round
New York-based Empire Angels has led a $1 million seed round for Indian car rental service ZoomCar. Funders Club, Basset Investment Group and former US Securities and Exchange Commission (SEC) Commissioner Lady Barbara Thomas Judge also took part in the round. The Bangalore-based company has also previously raised funding from former US Treasury Secretary Larry Summers.
Launched in February 2013, Zoom is a membership-based company which offers car rentals by the hour or by the day. This latest investment will be used by the business to expand its 52-car fleet and add...
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