PumPumPum, a Gurugram-based fintech mobility startup that provides monthly subscription of pre-owned cars at affordable rates, announced the appointment of Pratekk Agarwaal as Advisor to the board, according to ETHRWorld report.
An ex-CBO at BharatPe, Agarwaal has served as Director for the NBFC license process with RBI. He is an alumnus of IIM–Kozhikode having over 18 years of multi-industry expertise in building organisations including Bajaj Finserv/Bajaj Finance, Fullerton, IndoStar Capital, ftcash, and has experience in the deployment of financial products that leverages technology to make lending quick and seamless for new-age customers.
Tarun Lawadia, Founder and CEO, PumPumPum, said “We are privileged to have Agarwaal joining our Advisory Board and I am looking forward to working closely with him in our journey of delivering tremendous value to our customers. His rich and wide experience across diverse business segments and unmatched expertise built over the years in the start-up and fintech space will further accentuate our efforts to bring greater advancements to our existing product solutions portfolio and aid our expansion plans”.
Pratekk Agarwaal, Advisor, PumPumPum, said, “PumPumPum is addressing the issues around pre-owned cars by offering a subscription model on the vehicle of your choice, inclusive of insurance and maintenance and even a buyback/upgrade option by creating a funnel of highly credible users from Retail & corporate side.”
“On the supply side, the Pre-owned car segment is an asset-heavy market. However, Pumpumpum is able to create a safe car loan portfolio for the best banks and NBFCs. With our performance, we are now able to finance more cars in the same capital and are also expanding our financial partnerships by onboarding more NBFCs & Venture Debt companies. I look forward to advising the leadership team as they take the organization to greater heights,” Agarwaal added.
