Founder of Car Leasing Startup- Pumpumpum, Tarun Lawadia

Tarun Lawadia is the founder of Pumpumpum, a smart car subscription model that empowers millennials by giving monthly subscriptions of pre-owned cars at cheap rates.

Lawadia began his work as a derivatives analyst in 2011, a job that was largely unknown a decade ago. He joined Chaayos as chief of operations three years later. It was still early days for the tea store operation. Lawadia became an entrepreneur after co-founding Pluss, a smartphone app for medicine deliveries, after working for almost a year.
Lawadia happened to run into another business venture in 2018 that was very ahead of its time: used-car leasing. While the market for used automobiles was expanding at a healthy rate and a number of new competitors had entered the fray, used-car leasing was still in its infancy.

But it was the aim of PumPumPum, a used-car leasing firm that launched in 2018 and began operations a year later, that pushed Lawadia to take the leap. He was sure that PumPumPum would not only have a head start, but would also be better equipped to deal with the early hurdles. With tarun, the nascent firm got off to a good start, earning Rs 28 lakh in the first fiscal year. The firm raised Rs 2.2 crore three months later, in July 2020.

The startup enables someone to lease high-quality pre-owned vehicles in excellent condition. Pumpumpum is a top startup in India that allows a corporate employee to buy the car of their dreams at a reasonable price. PPP is the finest alternative on the market because the monthly fees are less than an EMI on an automobile. Depending on the individual’s preferences, all brands and models are available. One can rent a car for anywhere from 6 to 24 months. Employees of startups and small businesses have benefited greatly from this clever car subscription model.