Online Bike and Scooter Rental Platform Wickedride Adventures Services Pvt Ltd have raised Rs. 62.13 crore ( $9.1 million) in a funding round led by Accel Partners and Sequoia Capital.
With the latest round in place, company’s valuation has roughly reached Rs. 130-132 crore.
As per Bengaluru based filings with Ministry of Corporate Affairs, Raghunandan Gangappa- co-founder of TaxiForSure that later got acquired by Ola also participated in the round.
Founded in 2014 by Vivekanand Hallekere along with Varun Agni and Anil G, WickedRide has two different entities for its online scooter and bike rental ventures. It focuses in on bringing the best of motorcycling on one platform and make it easily accessible.
The platform currently offers services in 10 cities including Bengaluru, Jaipur, Manipal, Ahmedabad, Mysore, Gokarna and even New Zealand as per company’s website.
Meanwhile, a few other startups in broader vehicle rental space have been successful in raising funding in recent months.
Zoomcar raised $27.6 Mn from automotive major Mahindra & Mahindra Ltd, while Ontrack, Bengaluru based bike rental company too raised an undisclosed amount from a Dubai based venture FZE.