Zoomcar gets $92 million in SternAegis-led round

Zoomcar has raised $92 million through a private sale of shares to investors, led by SternAegis Ventures with participation from international family offices and institutional investors, the self-drive car rental company said in a news release Monday.

“Zoomcar intends to use the proceeds from this financing to grow its car-sharing marketplace in India and various select markets across Asia and the MENA (Middle East and North Africa) region,” it said.