Other Private Equity/Strategic Investments
Mufin Green Finance invests Rs.1.75-Cr in pre-owned car leasing co. PumPumPum
Delhi -based electric mobility solutions company Dream Road Technologies Private Limited operating as PumPumPum has raised INR 1.75 crore from Mufin Green Finance Limited in its Pre-Series A4 round, through issue of 10,340 compulsorily convertible preference shares (CCPS).Founded in 2018 Dream Road Technologies is a mobility solutions startup, which provides monthly subscription and leasing services for certified pre-owned cars for personal and business use .The fresh funding will be used for supporting operations and expansion as it aims to scale its technology-led mobility offerings.
Between Mar-21 and Jun-22, PumPumPum had attracted about USD 4 M from Yukti Securities, LC Nueva, Growthcap Ventures, Qi Ventures, Others.For FY24, PumPumPum had reported about INR 24 Cr in Operating Income and about INR 4 Cr in Net Loss.
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