Tuesday, November 5

Tag: Bike rental

Bike Rental Startup Bounce Raises $105 Million Funding
23Jan By NitishNo Comments
FUNDING

Bike Rental Startup Bounce Raises $105 Million Funding

Bangalore-based bike rental startup Bounce has raised $105 million in Series D funding round led by Accel Partners and Facebook Co-founder Eduardo Saverin's B Capital Group. Existing investors Accel Partners India, Falcon Edge, Chiratae Ventures, Omidyar Network India, Maverick Ventures, Sequoia Capital India, and Qualcomm Ventures also participated in this round of funding. The new funding round will soar Bounce valuation upto $520 million and takes the total capital raised to $194 million. The current funding will to focus on deeper Electric Vehicle (EV) integration and a platform play, and will push towards profitability. Vivekananda H.R, CEO and Co-founder of Bounce, said, "Our growth to 1,20,000 rides a day, in a little over a year and largely in one city, underlines tha...
Read More
Bike rental startup Bounce raises $3 million
23Apr By PriyankaNo Comments
FUNDING

Bike rental startup Bounce raises $3 million

Bike rental startup Bounce has raised $3 million in debt funding from existing investors Innoven Capital. The funding will use to expand its operation. Till date, Bounce raised over $22.5 million in two rounds and the total debt funding from Innoven is now $6 million. As per the news, the bike rental is also in talks with Facebook co-founder Singapore based fund for further investment. Founded in 2014, the Bengaluru based Bounce has a fleet of 5,000 keyless bikes. Bounce offered premium motorcycle rentals under the Wicked Rides banner, it later added commute bikes under the Metro Bikes label, re-branded as Bounce in August 2018. Bounce currently claims to complete 24,000 rides a day and more than 1.9 million rides since inception. Since the start of its service in September 2...
Read More