Pumpumpum, a leading FinTech mobility startup focused on pre-owned car leasing, has secured INR 2 crore in funding led by Inflection Point Ventures (IPV).
This investment will fuel Pumpumpum’s growth across various areas, including expanding operations, geographical reach, technological advancements, marketing initiatives, and overall organizational development.
Founded in 2018 by Tarun Lawadia and Sameer Kalra, both IIT alumni with extensive experience in leasing, Pumpumpum offers a unique B2B2C and B2C pre-owned car leasing model.
They prioritize affordability and flexibility through a subscription-based platform that leverages technology and data analytics to deliver a seamless and personalized user experience.
Unlike traditional car ownership or new car leasing models, Pumpumpum prioritizes convenience and caters to a wider range of car preferences, including both popular and unconventional choices. This approach has not only expanded consumer options but also boosted confidence among financial institutions.
Pumpumpum’s Achievements Include:
- Awarded the ET Now Leaders of Tomorrow in the Fintech category
- Recognized as the Most Innovative Fintech Product of the Year and Emerging Company of the Year at the World BFSI Congress and ET Accent Business Leads of the Year, respectively
- Won the “Best Emerging Auto Leasing Company of the Year” at the Iconic Platinum Awards
Pumpumpum is experiencing significant growth, boasting a 200% year-over-year increase. The company is redefining car ownership by offering on-demand access to a wider range of vehicles, revolutionizing the pre-owned car industry in India.
About Inflection Point Ventures & Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 12,000 CXOs, HNIs, and Professionals to together invest in startups.
The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF, Physis Capital, to invest in pre-Series A to Series B growth-stage start-ups.
