In a fresh round headed by Inflection Point Ventures (IPV), fintech mobility startup Pumpumpum has raised Rs 2 crore.
Before this, in June 2022, the startup had raised $2 million in equity from LetsVenture, Founders Room Capital, and LC Nueva Investment Partners.
The funds that will be raised will go toward expanding operations, expanding geographically, advancing technology, pursuing marketing initiatives, and developing the organization as a whole.
PumPumPum, a B2B2C and B2C pre-owned car leasing company, was founded in 2018 by Tarun Lawadia and Sameer Kalra. It provides a subscription-based platform that puts the ease, adaptability, and affordability of the user first.
The company provides a simple, tailored experience for accessibility and convenience by fusing technology and data analytics.
IPV made a new round of funding in the edtech startup MyCaptain earlier this month, investing Rs 14 crore (roughly $1.7 million). Among the companies in which it has recently invested are BonV Aero, AllTrak, and Onedioss.
