GoZoomo shuts down, founders return money to VCs
Used car marketplace GoZoomo has decided to shut down and return the remaining money to the VCs. Founded in 2014, GoZoomo raised $6 million in funding from top VCs including SAIF Partners. “The right thing to do is to treat the capital respectfully and deploy it where there's a better chance to create huge value,” said GoZoomo Co-founder Arnav Kumar.