Bounce funding | Pixr8 News

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...

Rent a Bike Platform Bounce raises $72 million Series C funding

Bounce, a smart mobility solution provider has raised USD 72 million as a part of its series C round of funding led by B capital Group and New York-based hedge fund Falcon Edge Capital. The funding round also saw participation from Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capital India, and Qualcomm Ventures. The funding will help accelerate Bounce expansion across various Indian cities. Bounce has deployed a fleet of over 5,000 keyless scooters in the city and the app allows the users to pick up a scooter and drop it at any legitimate parking spot. We appreciate the ongoing support of our investors, who have continuously believed in the growth trajectory of Bounce. Also, our journey so far wouldn't have bee...

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...