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ZOOMCAR FINANCIALS
Car rental platform Zoomcar says hackers accessed personal data of 8.4 million usersZoomcar, a car-sharing platform, informed about a data breach where a third-party entity accessed personal data of 8.4 million customers. T...- Zoomcar implements debt restructuring for the next long driveZoomcar is actively restructuring its debt to reduce obligations of $31 million by June 30, 2024. The company has negotiated with lenders a...
- Zoomcar eyes onboarding 20,000 cars by end of FY25Zoomcar, a car sharing platform, is set to expand its fleet by over 5000 cars by the end of FY24 and 20,000 cars by FY25. The expansion aim...
- Zoomcar gets $92 million in SternAegis-led roundThe funding comes ahead of the company’s proposed plans to list in the US via a SPAC listing over the next nine to 12 months.
- Meru Cabs in stake sale talks with Japan’s Orix AutoMeru Mobility, in which Mahindra has a 55% stake, also has plans to raise Rs 350-400 crore from a clutch of strategic investors.
- Stuck in first gear: Car subscription services are not gaining momentumExperts say a lease model is unlikely to bring in large volumes in the country where car ownership is considered a status symbol. India sel...
- Hyundai Motor India launches Mobility Membership to enhance customer satisfactionAt present, the carmaker has tied up with 20 partners across vehicle needs, mobility services and lifestyle companies to offer exclusive be...
- Mobility firms Ola, Zoomcar may downsize fleet as rides thin outZoomcar owns more than 10,000 cars that customers rent on a self-drive basis. A large portion of their fleets has been unused since the beg...
- India is becoming a popular destination for foreigners to chase their startup dreamsA host of foreign nationals are relocating to India to fulfil their startup ambitions despite stumbling blocks.
- Zoomcar hires former Goldman Sachs exec Hemanth AluruIn his new role, Aluru will be leading the strategic financing and partnerships for Zoomcar, in addition to corporate strategy and driving ...
- How subscription model is a test of loyalty for companies like Netflix, HotstarThe model, once restricted to a few products, is now being used for a range of offerings.
- Japan’s ORIX sees an OAIS in car rental spaceWith $25 million additional funding, company aims to achieve 10% market share in a year.
- Zoomcar is sharpening its focus on user experienceThese are heady times for India’s biggest self- drive car rental startup but what’s equally startling is the unending consumer rants on soc...
- Zoomcar to go international, bets on countries in Asia, AfricaSince its inception in April 2013, Zoomcar reported strong unit economics in most of the cities in India with almost 9lakh trips in 25 citi...
- Self drive car co Zoomcar plans to foray further into east and south IndiaCo plans to increase its fleet size two times and double its revenue this year
- Zoomcar banks on ZAP model for robust growthMoran said over the next six to 12 months it will hive-off its existing company owned cars.
- Cyber carrier takes a ride in Zoomcar's Series-B round"Customer experience and IoT - enabled product innovation will remain our priorities as we scale ZAP across India and our relationship with...
- Self-drive car rental startup Revv raises $9 million in equity and debt financingFounded in 2015 by Agarwal and Karan Jain, both formerly with McKinsey, Revv is currently present in four cities across the country – Delhi...
- DriversKart partners with QuikrServices for on- demand driver serviceAs per Vinit Srivastava, CEO of Driverskart, the company is expecting a 15 per cent growth in customer base and trips offered by month in t...
- Foreign entrepreneurs try proven solutions for consumer playThey are expanding their focus from social enterprise and non-profit industries to tap into the massive potential of the country’s emerging...
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