Bengaluru-based Zoomcar India Pvt Ltd. which offers self-drive rental services under the brand name Zoomcar, has raised additional investment from a Hong Kong based venture capital firm, Cyber Carrier CL.
Jessica Wong, the managing director of Cyber Carrier CL declined to give out the exact amount to BloombergQuint, but said it would be just less than $10 million, making it their “biggest investment made in India so far.”
The fact that the Chinese market is 5-6 years ahead of where India is and now we have access to that knowledge base and capital base, and will be very well positioned as compared to the smaller competitors,”
Moran added that the investment will help the company, now that its looking to enter the African market by the end of 2017, where the Chinese already have a strong presence.
Wong shares the sentiment.
We are quite familiar with…