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A report by JLL titled The Rise of Senior Living Market in India has said that the independent living units dominate existing supply with 84 percent market share and 2 BHK units account for around 43 percent of the present senior living supply
PumPumPum, a startup that gives used cars on lease, has secured Rs 5.5 crore in a funding round led by Inflection Point Ventures. Lets Venture & Agility Ventures were other investors in the round. The company will use the money for consumer awareness, technology development, brand building and expansion. “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. We are committed to offer a hassle-free smart car experience with zero down-payments, zero maintenance charges and zero insurance premiums,” said Tarun Lawadia, founder and chief executive officer of PumPumPum.
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.