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ZOOMCAR LOANS
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...
- Former BharatPe COO Dhruv Bahl launches venture fundFormer BharatPe COO Dhruv Dhanraj Bahl launches venture capital fund, Eternal Capital. The fund plans to raise Rs 120 cr with a greenshoe o...
- Zoomcar aims to onboard more cars on supply side via third-party tie-upsZoomcar has partnered with Delhi NCR-based used-car marketplace Cars24 on February 7 to aid its hosts in fleet expansion and increase earni...
- Bollywood & cricket kindle NFT fire; IT firms go all out to retain talentNon-fungible tokens have been all the rage this year, but sales have been slow in India.
- 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...
- Truecaller may have finally found a plan to make some moolahTruecaller is now launching a new business vertical, aimed at turning the revenue tide — credit offerings.
- Buy a car or subscribe to it via Zap, Revv? Here is a cost comparisonCar subscription services are a new alternative to buying a vehicle. We compare the costs to determine whether the option works for you or ...
- 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 ...
- Indians are increasingly renting cars instead of buying. But does it really suit you?The car subscription model, with its flexibility, is changing urban India. But it might not be for everyone.
- Slowing sales, structural shifts and rural demand is bringing small cars back into focusA deep structural shift emerging in consumer demand is sending car makers back to the drawing board.
- Self-drive car rental MyChoize plans to invest $25-30 million in next 2 years21 years back Japan-based Orix had forayed into India’s B2B segment with chauffeur-driven car rentals for corporate and since then the comp...
- Startups like Zoomcar, MobiKwik opt to borrow money to meet working capital needs as investors become cautiousWhile entrepreneurs see venture debt as an additional source of capital, the shift points to a growing wariness among investors about start...
- InnoVen Capital eyes doubling loan commitment in 12-15 monthsThe firm, now under the control of Singapore's Temasek, provides debt financing to venture capital-backed early-stage and mid-growth compan...
- Nine ventures from expat entrepreneurs giving their best shot in the Indian startup boomYou know that India is witnessing a startup boom when a bunch of foreign entrepreneurs and NRIs band together to form an Expat Entrepreneur...
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