Car rental startup Zoomcar raises $40 million in Series C

Bengaluru-based car rental startup Zoomcar has raised $40 million in a Series C investment round led by Mahindra and Mahindra. The startup has been valued at around $172 million after the funding round, according to reports. Founded in 2012, Zoomcar is a self-drive car rental platform and also allows car owners to share their car when it's not in use.