Industry

Zoom closes seed round

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Bangalore-based Zoom, a membership-based car rental service which made waves a few months ago after picking up former U.S Treasury Secretary Larry Summers as a financial backer, has closed its seed round of capital.

The company has now raised a $1.6 million seed round, of which roughly $650,000 was raised previously.

The round has been backed by New York-based angel network Empire Angels and San Francisco-based venture capital fund FundersClub among other investors.

Previous investors, including former U.S SEC Comissioner Lady Barabara Judge, have also doubled down on the company.

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Printable version | Jan 27, 2020 2:04:08 AM | https://www.thehindu.com/business/Industry/zoom-closes-seed-round/article5193498.ece

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