Snippets

PumPumPum raises $2 Mn round from LC Nueva, others

Used car leasing company PumPumPum has raised $2 million in equity from LC Nueva Investment Partners; Founders Room Capital

Shashank Pathak

02 Jun 2022 09:20 IST

New Update

PumPumPum raises $2 Mn round from LC Nueva, others

Used car leasing company PumPumPum has raised $2 million in equity from LC Nueva Investment Partners; Founders Room Capital; LetsVenture; Manish Agarwal, Founder and CEO, Nazara Group; and Uday Sodhi, Ex Business Head of Sony Liv.

PumPumPum provides vehicle leases to corporate and retail customers with service, maintenance, insurance, and any other vehicle-related issues.

The company claims to have recorded 10x growth in the auto segment in FY 2021-22. Though the company is currently only present in Delhi-NCR and Bengaluru, it manages and services its fleet in over 55 cities.

funding PumPumPum

Advertisment

Disclaimer:

Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.