Zoomcar raises $40 M in Series C funding led by Mahindra & Mahindra

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Zoomcar, the Bengaluru-based car rental platform, today has $40 million in Series C funding. The fundraising was led by Mahindra & Mahindra. Zoomcar announced it had raised $40 million in Series C funding led by Mahindra & Mahindra Ltd. Existing investors also participated in the round. Zoomcar had, in August 2016, raised $24 million in Series B funding. With the latest round of funding, the total funds raised by Zoomcar stand at $100 million.

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