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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
former u.s treasury secretary larry summers...
India TV Business Desk June 04, 2013 12:50 IST
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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