Pumpumpum, a fintech mobility startup, has secured Rs 2 crore in a fresh funding round led by Inflection Point Ventures (IPV).
Previously, the company had raised $2 million in equity funding from LC Nueva Investment Partners, Founders Room Capital, LetsVenture, and other investors back in June 2022.
The newly acquired funds will fuel the expansion of operations, geographical footprint, technological enhancements, marketing initiatives, and overall organizational growth.
Established in 2018 by Tarun Lawadia and Sameer Kalra, Pumpumpum operates in the B2B2C and B2C segments, focusing on the pre-owned car leasing model. It offers a subscription-based platform prioritizing consumer convenience, flexibility, and affordability.
By leveraging technology and data analytics, the company provides a seamless and personalized experience to enhance accessibility and convenience.
Earlier this month, IPV also invested in edtech startup MyCaptain in a new round worth Rs 14 crore (approximately $1.7 million). Its recent investments include BonV Aero, AllTrak, Onedioss, among others.
