Zoomcar Holdings, a prominent car-sharing marketplace in developing nations, has recruited Adarsh Menon as President to manage the company.
This news follows Zoomcar’s recent NASDAQ listing after the completion of its corporate merger. Menon’s new job will include overseeing all elements of the company’s development, operations, and customer experience.
A seasoned leader. Menon brings over 22 years of expertise to Zoomcar, having previously worked with Flipkart for 8 and a half years and Hindustan Unilever for 12 years. In his previous post at Flipkart, he was in charge of all of the company’s new companies, which included ClearTrip (Travel ECom), Shopsy (Hypervalue ECom), and ReCommerce (Used Goods ECom).
According to Zoomcar, Menon has a great track record of managing companies at different phases of development by developing strong revenue moats, profit pools, and partnerships.
He has established and managed large, high-performing, engaged, and agile cross-functional teams, as well as mentored and developed numerous industry leaders.
Greg Moran, CEO and Co-Founder of Zoomcar said, “Adarsh’s diverse skill sets and seasoned leadership will be critical in continuing to scale our business. I am convinced that in his new capacity, he will assist the firm position itself optimally as we strive to achieve new heights with our developing market-focused peer-to-peer vehicle sharing platform.“
He said, “At Zoomcar, we’re currently sitting on the cusp of a dramatic transformation within personal mobility, and I look forward to working closely with Greg and the broader Zoomcar team to help the company reach new heights.“
Zoomcar is an Indian carsharing network based in Bangalore. David Back and Greg Moran founded the company in 2013, and it now operates in over 34 locations.
In December 2023, it announced that it had merged with Innovative International Acquisition Corporation (IOAC) to establish Zoomcar Holdings Inc.
Zoom worked with auto manufacturers such as Ford and Mahindra, allowing them to be the first automobile rental business in India to provide an electric vehicle (the Mahindra REVA E2O by Mahindra) and the Ford EcoSport “urban SUV by Ford” in 2013. Zoom also collaborates with local real estate developers, colleges, hotels, and corporate IT parks to secure parking and provide pick-up sites for its users.
Zoom, Uber, and the Ashoka Foundation created RideSmartBLR, a month-long campaign in Bangalore to boost vehicle rentals and prevent intoxicated driving for health, economic, and environmental reasons.
Zoom was a participant in Microsoft’s Accelerator Plus program in Bangalore in Spring 2014. This initiative is intended to give more personalized help to late-stage start-ups as they expand their operations and obtain finance.
