Zoomcar
Zoomcar is India's largest peer-to-peer car-sharing marketplace offering self-drive car rentals. The company operates as an asset-light marketplace platform connecting individual car owners (hosts) with renters seeking short-term vehicle access. Post-COVID, Zoomcar shifted from an owned-fleet model to a pure marketplace model, keeping a commission on each booking while passing earnings to vehicle owners. The platform offers flexible rental terms by the hour, day, week, or month. Zoomcar went public on NASDAQ via SPAC merger in December 2023 and operates across India, Indonesia, and Egypt.
Public Company
Zoomcar is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
1,100–1,200
Total Funding
$206.6M
7 rounds
Latest Valuation
$0.17B
November 8, 2021
Funding
Total raised $206.6M across 7 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series C
Date
February 16, 2018
Amount
$40M
Valuation
$0.17B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| November 8, 2021 | Series E | $92M | — | SternAegis Ventures |
| January 20, 2020 | Series D | $30M | — | Sony Innovation Fund |
| February 16, 2018 | Series C | $40M | $0.17B | Mahindra & Mahindra |
Leadership
Greg Moran
Co-Founder
David Back
Co-Founder
Deepankar Tiwari
Chief Executive Officer
Uri Levine
Chairman
Sachin Gupta
Chief Financial Officer
Shachi Singh
Chief Legal Officer & General Counsel
Vishal Ramrakhyani
Senior Vice President & Head of Technology
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Revv
Indian peer-to-peer car-sharing and subscription platform; competing on convenience, customer loyalty, and subscription offerings.
Myles
Car subscription and self-drive rental service in India; focuses on providing vehicles without ownership complexity.
Ola Drive
Car rental service by Ola; offers self-drive car rentals similar to Zoomcar.
Drivezy
Peer-to-peer car and bike sharing platform in India; offers short-term and long-term vehicle rentals.
SelfDrive
Car rental service provider in India; offers daily, weekly, and monthly rentals plus EV and corporate fleet subscriptions.
BluSmart
Indian ride-hailing and car-sharing platform; emerging competitor in India's mobility space.
Zoomcar Investment FAQ
Zoomcar FAQ
Zoomcar completed its business combination with Innovative International Acquisition Corporation (IOAC) on December 28, 2023. The combined entity, renamed Zoomcar Holdings, Inc., began trading on NASDAQ under ticker ZCAR on December 29, 2023. The merger valued the company at approximately $456 million enterprise value. At the time of shareholder approval on December 19, 2023, 98.7% of all remaining outstanding public IOAC shares were redeemed.
Zoomcar shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Zoomcar had a valuation of approximately $0.17B at the time of its public offering. Current market capitalization fluctuates with the share price.
Zoomcar raised $206.6M across 7 disclosed funding rounds prior to its public listing.
Zoomcar was co-founded by Greg Moran, and David Back in 2013.
Zoomcar is headquartered in Bengaluru, India.
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