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Self-Drive Car Rental Firm Zoomcar Raises $5 Million

Self-drive car rental venture Zoomcar has closed an interim round of funding from existing investors, estimated at about Rs 31 crore ($5 million), as the company redraws strategy following the exit of cofounder David Back. Existing investors Empire Angels, FundersClub and Basset Investment Group, and funds advised by Triangle Growth Partners, who had backed the company in 2013, had also participated.

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