Zoomcar Raises $11mn From Sequoia, Empire Angels and NGP

Digital India FYI

Zoomcar Raises $11mn From Sequoia, Empire Angels and NGP

Car rental service Zoomcar has raised $11 million in funding from Sequoia, Empire Angels and NGP.


The company plans to use the funds to add new vehicles to its fleet, continue hiring, and build out its tech and product.

Currently Zoomcar has a fleet of over 1,500 cars that can be picked up from 250 locations spread across 6 cities – Bangalore, Mumbai, Delhi, Pune, Chennai and Hyderabad.

Over the next one year, the company plans to add 7,000 cars and launch in 15 additional cities in the country.

Despite adding over 1,000 cars in this year alone, the startup isn’t able to meet consumer demand for rental cars that they can drive themselves.

Further, Zoomcar is also working on commute packages that give office goers an economic self-drive option to use its service on weekdays.

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