ZoomcarZCAR
ZCAR
About: Zoomcar Holdings Inc is India's largest marketplace for cars on rent. Zoomcar is a leading emerging-market-focused peer-to-peer car-sharing marketplace, with approximately 21,000 vehicles registered through its platform. The Company derives its revenue principally from short-term self-drive rentals and vehicle subscriptions. The self-drive rental business generates the majority of revenue. Geographically The company operates in India, Egypt, Indonesia, Vietnam, and the Philippines, Out of which the majority of revenue is derived from India.
Employees: 191
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0.68% less ownership
Funds ownership: 2.27% [Q2] → 1.59% (-0.68%) [Q3]
15% less funds holding
Funds holding: 13 [Q2] → 11 (-2) [Q3]
23% less capital invested
Capital invested by funds: $221K [Q2] → $170K (-$51.2K) [Q3]
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Research analyst outlook
We haven’t received any recent analyst ratings for ZCAR.
Financial journalist opinion
Neutral
PRNewsWire
1 day ago
Zoomcar Launches 'Zoomcar Cabs': Affordable Car Rentals with Drivers as a New Offering
BENGALURU, India , Dec. 20, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), India's leading car-sharing marketplace, has announced the launch of Zoomcar Cabs, as a pilot in Bengaluru, that provides commercial cars with professional drivers at the best prices. Expanding beyond its successful self-drive offerings, this expansion into chauffeur-driven services marks Zoomcar's commitment to diversifying its offerings and enhancing customer experiences.
Neutral
PRNewsWire
1 month ago
Zoomcar Launches Subscription Model: Drive Longer, Pay Less for More Days
BANGALORE, India , Nov. 19, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the leading marketplace for car sharing in India, is excited to introduce Zoomcar Subscription, a new service designed to provide affordable long-term car sharing options. Through this offering, Guests can now book self-drive cars for extended periods, starting with minimum 7 days to more than 30 days, benefiting from progressively lower daily rates for longer durations.
Neutral
PRNewsWire
1 month ago
Zoomcar Reports Significant Profitability Improvement in its Second Quarter Financial 2024 Results
BANGALORE, India , Nov. 14, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. (NASDAQ: ZCAR) ('Zoomcar,' or 'we,' or 'our'), the leading marketplace for car sharing in India, today announced results for its second quarter ended September 30, 2024. Hiroshi Nishijima, CEO of Zoomcar stated, "By making customer experience our top priority, we've been able to organically boost guest repeat bookings and improve host retention.
Neutral
PRNewsWire
1 month ago
Zoomcar Announces Closing of $9.15 million Private Placement
BANGALORE, India , Nov. 7, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, today announced the closing of a private placement with certain institutional investors. The aggregate gross cash proceeds were $9.15 million, before deducting fees to the placement agent and other offering expenses payable by the Company, and includes a $2.5 million investment by one of the Company's directors.
Neutral
PRNewsWire
1 month ago
Zoomcar Announces Pricing of $9.15 million Private Placement
BANGALORE, India , Nov. 6, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, today announced the pricing of a private placement with certain institutional investors. The aggregate gross cash proceeds are expected to be $9.15 million, before deducting fees to the placement agent and other offering expenses payable by the Company.
Neutral
PRNewsWire
1 month ago
Zoomcar Doubles Customer Support Team To Enhance Guest and Host Experience
BANGALORE, India , Nov. 5, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, announced a major expansion in its customer support efforts, doubling its customer support team to ensure faster, more efficient assistance for both Hosts and Guests on its platform. This expansion marks a significant step in addressing customer feedback and improving overall service quality.
Neutral
MCAP MediaWire
1 month ago
Zoomcar to Present at the 2024 ThinkEquity Conference
Bangalore, India, October 28, 2024 – PRISM MediaWire – Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (Nasdaq: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York.
Neutral
PRNewsWire
1 month ago
Zoomcar to Announce Second Quarter 2024 Financial Results on 14 November 2024
BANGALORE, India , Oct. 28, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, plans to report its financial and operating results for the second quarter ending September 30, 2024 before markets open on November 14, 2024. The Company will post the release on its Investor Relations website investor-relations.zoomcar.com.
Neutral
PRNewsWire
1 month ago
Waze Co-founder and former Infosys board member, Uri Levine, Returns to Zoomcar in Strategic Advisory Role
BENGALURU, India , Oct. 22, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, welcomes back Waze Co-Founder Uri Levine as the Strategic and Financial Advisor. Mr. Levine served as Zoomcar's Chairman of the Board from 2021 to 2023, prior to its public listing, and will now provide strategic oversight to the Zoomcar team with a strong focus on problem solving, operational excellence, and capital growth.
Neutral
PRNewsWire
2 months ago
Zoomcar Announces Debt Restructuring Amidst Continued Growth and Leadership Focus on Financial Stability
BENGALURU, India , Oct. 16, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, hit a major milestone in the debt restructuring process that is aimed at reducing the company's debt obligations of approximately $31 MM out of the total outstanding debt ("debt" and "payables") as on June 30, 2024. Zoomcar has successfully negotiated with lenders and vendors who approximately owe 75% of the immediately payable debt.
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