Mar 18, 2015

What Problem did ZOOM Car Startup Solve ?


Zoomcar is India's first membership-based, self-drive car rental service which allows individuals to hire cars by the hour or by the day. Reservations are made through the website or our mobile app.

PROBLEM:
Car parking in big cities is becoming a major problem.

SOLUTION:
Provide car sharing opting to address the space problem.

IDEA:
To start Self-drive car sharing company in India

USP:
First car rental company in India to offer an electric vehicle
Offer pick-up points to its customers

START:
2012: Zoom started with a fleet of seven cars.
2015: Zoom operates more than 250 cars in Bangalore

FUNDING:
SEED CAPITAL : Raised $1.5 million
SERIES A     : Raised $3 million

HELP:
Joined Microsoft's Accelerator Plus program in Bangalore to scale their business and raise capital



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