Pumpumpum, a mobility startup, secures INR 2CR headed by IPV
Summary
The funds will be allocated for growth in operations, geographical reach, technological advancements, marketing endeavors and overall organizational development for greater visibility, and sustained success of the enterprise.Founded in 2018 by Tarun lawadia, Founder & CEO and Sameer Kalra, Co-Founder & CGO, both ex-IITians and senior leasing professionals working on affordable & flexible mobility solutions. Together, they lead Pumpumpums strategic growth and operational excellence, leveraging their diverse expertise from varied sectors.Vinay Bansal, Co-Founder, Inflection Point Ventures says, India is now a country with the highest population, the biggest need one has after roti kapda aur makaan is transportation. Diverging from traditional ownership and other new car leasing models, PumPumPum offers a subscription-based platform that prioritizes consumer convenience, flexibility, and affordability. Through the integration of technology and data analytics, the company delivers a seamless and personalized experience, setting new industry benchmarks for accessibility and convenience. The company strategically positions itself to tap into the significant $6 billion Serviceable Addressable Market (SAM) for pre-owned car leasing in the country.