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Why Have Car Rental Startups Failed in India?

Quick Take Drivezy raised about $40 Mn but never closed its $100 Mn Series C in 2019, then liquidated part of its fleet in 2020. Zoomcar survived by switching to a peer-to-peer model, yet still lost $14.62 Mn in the year to March 2026 and was delisted from Nasdaq in July 2025. Revv raised $38.2…

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