[Funding alert] Used car leasing startup PumPumPum raises Rs 5.5 Cr in pre-Series A round led by Inflection Po

Gurugram-based startup
PumPumPum, which offers used car leasing in the corporate and retail segment, on Friday announced that it has raised Rs 5.5 crore in pre-Series A round led by Inflection Point Ventures. Other investors Lets Venture and Agility Ventures also participated in the funding round.
According to the official statement, PumPumPum plans to utilise the capital for category disruption, consumer awareness, technology development, brand building and expansion. 
Speaking about the new development,
Tarun Lawadia, Founder and CEO, PumPumPum stated,
“Car leasing and subscription is fast catching pace in the country and has a great future ahead. To take this niche category to newer heights, we are consistently expanding our reach along with tech disruption and high decibel consumer awareness."

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