Pumpumpum stands out as India’s pioneering pre-owned car leasing company, providing top-tier, pre-owned vehicles to both corporate entities and individual customers. It is empowering millennials with an IoT enabled smart car subscription model.
Inflection Point Ventures has announced an investment of INR 2 Crores in Pumpumpum- a Fintech mobility startup. 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.
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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 its 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. Two-wheeler for a bachelor and 4-wheeler for a family is not a convenience but a necessity. However, only about 8% of Indian households (approximately 1 in 12) own cars. Hence the notion of leasing out pre-owned cars is bound to succeed. And Pumpumpum is category creator and leader, in the market of leasing pre-owned cars”.
Tarun Lawadia, Founder & CEO, Pumpumpum says, “IPV’s second round of funding with its highlights our commitment to revolutionizing auto leasing and amplifying mobility options for all. This investment underscores our shared vision of making car leasing accessible, convenient, and affordable, while leveraging PumPumPum’s unique selling proposition to redefine industry standards.”
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PumPumPum’s standout position in the Fintech mobility sector stems from its innovative B2B2C & B2C pre-owned car leasing model. Diverging from traditional ownership and other new car leasing models, it offers a subscription-based platform that prioritizes consumer convenience, flexibility, and affordability.
About Pumpumpum
PumPumPum a FinTech Start-up in Auto Leasing was founded in 2018 and is growing at 200% YOY and has redefined vehicle ownership by offering on-demand access to aspirational cars, revolutionizing the pre-owned automotive industry.
