Car-sharing marketplace Zoomcar said it had completed a $92 million private placement led by New York City-based SternAegis Ventures with participation from international family offices and institutional investors.
Zoomcar will use the funding to grow in India and various select markets across Asia and the MENA region, and invest in its advanced engineering and data science platform.
SternAegis acted as the exclusive placement agent for this offering and ThinkEquity acted as special advisor, a statement said.
