Inflection Point Ventures has injected INR 2 Crores into Pumpumpum, a Fintech mobility startup, aimed at fostering its operational growth, geographical expansion, technological enhancements, marketing initiatives, and overall organizational development. Founded in 2018 by Tarun Lawadia, Founder & CEO, and Sameer Kalra, Co-Founder & CGO, both ex-IITians and senior leasing professionals, Pumpumpum specializes in offering affordable and flexible mobility solutions.
Vinay Bansal, Co-Founder of Inflection Point Ventures, emphasizes the significance of transportation in India, highlighting the need for leasing pre-owned cars to address the country’s high population and limited car ownership. He views Pumpumpum as a category creator and leader in this market segment.
Tarun Lawadia, Founder & CEO of Pumpumpum, underscores the shared vision with Inflection Point Ventures to revolutionize auto leasing and enhance mobility options for all. He accentuates Pumpumpum’s commitment to making car leasing accessible, convenient, and affordable, while leveraging its unique value proposition to redefine industry standards.
Pumpumpum distinguishes itself in the Fintech mobility sector through its innovative B2B2C & B2C pre-owned car leasing model, which prioritizes consumer convenience, flexibility, and affordability. By integrating technology and data analytics, the company delivers a seamless and personalized experience, setting new industry benchmarks for accessibility and convenience.
Operating nationwide, Pumpumpum covers all regions of India, strategically positioning itself to tap into the significant $6 billion Serviceable Addressable Market (SAM) for pre-owned car leasing in the country. The company’s commitment to nationwide coverage aligns with its goal of providing innovative and convenient pre-owned car leasing solutions to a wide spectrum of customers, establishing itself as a key player in the Indian automotive market.
Pumpumpum has garnered several prestigious awards, including recognition as the “Best Emerging Auto Leasing Company of the Year” at the Iconic Platinum Awards and accolades from ET Now Leaders of Tomorrow and the World BFSI Congress.
