India, Jan. 12 -- Monthly car subscription service platform PumPumPum has secured INR 18 Cr ($2 Mn) in a pre-Series A funding round led by existing investor LC Nueva, with participation from Mufin Green Finance and Anupam Finserv.

The startup will use the funds to accelerate the development of its asset-light leasing tech platform, expand B2B2C employee leasing partnerships, strengthen OEM and dealer networks.

A portion of the capital will also be deployed to deepen its presence in metro markets as well as scaling tech and sales teams.

Founded in 2018 by Sameer Kalra and Tarun Lawadia, PumPumPum provides pre-owned car leasing targeted at young professionals and small businesses, with short-term and long-term leasing options.

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