Zūm Speeds to Modernise School Transportation by Raising $130 Million

Zūm

Zūm, a provider of student transportation, has recently raised $130 million in a Series D funding round. This was led by Softbank Vision Fund 2. This round also saw participation from existing investors, which include Sequoia and BMW I Ventures. This round brought the total funding raised so far to over $200 million.

Ritu Narayan founded Zūm in 2014. She decided to start Zūm after struggling to find suitable school transportation services for her children. She did not want to quit her job as an executive and thus overcome this by starting Zūm.

In a statement, she mentioned that ‘Making sure parents didn’t have to worry about their kids while on school transportation was and still is our primary goal.’

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