Fintech mobility player PumPumPum has secured an undisclosed amount of new bridge funding from LC Nueva AIF, an India-based Category-II AIF Fund.
PumPumPum plans to utilise the capital for consumer awareness, technology development, and expansion in over 15 cities, said a press release.
Mr Sohil Chand, Chief Investment Officer, LC Nueva AIF, said, “We are confident that this investment and partnership will make an impactful contribution to the fintech mobility space and drive adoption for used car leasing in India.”
Mr Tarun Lawadia, Founder & CEO, PumPumPum, said, “The funding will be used to deepen PumPumPum presence in its current markets and expand into new ones.”
