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.
