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Former U.S Treasury Secretary Larry Summers invests in Bangalore-based ZoomCar

New Delhi, June 4: Former U.S Treasury Secretary Lawrence ‘Larry' Summers has invested $30,000 in Bangalore-based ZoomCar, a membership-based car rental service. As part of the deal, Summers will join the board of advisors.Summers' investment

India TV Business Desk [ Updated: June 04, 2013 12:50 IST ]
former u.s treasury secretary larry summers invests in
former u.s treasury secretary larry summers invests in bangalore based zoomcar

New Delhi, June 4: Former U.S Treasury Secretary Lawrence ‘Larry' Summers has invested $30,000 in Bangalore-based ZoomCar, a membership-based car rental service. As part of the deal, Summers will join the board of advisors.




Summers' investment is in the form of warrants, according to Zoom co-founder and president David Back.

Bangalore-based ZoomCar India has already raised nearly half a million dollars in seed funding already.

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