Carzonrent Buys Startup Ridingo; Aims Rs 6000 Cr Sales in 5 Years

Car rental firm, Carzonrent on Monday acquired car-pooling startup firm Ridingo, as it plans to grow aggressively and achieve Rs 6,000 crore revenue by having presence in 250 Indian cities in the next five years. "Carzonrent India (CIPL) today acquired Ridingo, a car-pooling startup company as part of its strategy to build leadership into evolving 'sharing economy'," CIPL said in a statement. It further said: "CIPL has aggressive g...