Bangalore-based car rental service Zoom which launched recently has raised $230,000 of seed capital from high net worth investors and angel groups in the US, UK, and India. Marquee investors who participated in the round in January include the Empire Angel Group based out of New York and Barbara Thomas, Lady Judge from UK.
Zoom is a membership-based, local self-drive service that allows individuals to hire cars on hour or daily basis. The company is looking to raise an additional $100-150k in the next 6-8 weeks to help finance its expansion in Bangalore. The company has a tie-up with Bangalore-based Ramesh Tours & Travels.
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