Overview
Product Description
Zoomo (www.gozoomo.com) is a Bangalore based technology start-up pioneering in peer-to-peer transactions of pre-owned cars and providing a hassle free experience. We bridge the gap of information asymmetry and bring standardization in the fragmented pre-owned cars market.
Quick Stats
2014
Started in
2016
Closed in
11-50
Employee (s)
$6,000,000
Total Raised
Why did Zoomo fail?
Answers - 1
Aaron Kazah
written on Jan. 26, 2017
No Sustainable Business Model
The founding team of Zoomo decided to shut down when they realized that unit economics was not adding, despite several changes to their business model. They closed the company and returned back their VC money.
Investors - 2
Funding Rounds - 2
All sources for funding rounds
- https://www.crunchbase.com/organization/zoomo/funding-rounds
