New Delhi: Leasing Old Cars (Lease) At the startup company Pampapampam (PumPumPum) Said on Friday that it has raised Rs 5.5 crore in the funding round led by Inflection Point Ventures. Other investors investing include Let’s Venture and Ajility Ventures.
Will be able to rent a car
The company will use this money for various activities. These include consumer awareness, technology development, brand building and expansion. Tarun Lawadia, the founder and CEO of Pampamppam, said that the activities of leasing and renting a car in the country are increasing rapidly. These activities are expected to increase further in the coming time.
Experience of smart car will be available
He said that the company is continuously working to take this business to new heights. We are confident that money investment in the company will help us in product development, marketing business and growing the company. Lavadia said that Pampampam will provide a better experience of smart cars to its customers.
Car will be available without payment and insurance
In this, no payment will be taken in the beginning, maintenance, insurance premium will also not be taken. For use, the car will be available on payment of ten thousand rupees to one lakh rupees per month. The company will expand its operations to 15 cities in the next three years.