Bounce, an Indian scooter rental start-up, has raised ₹692.39 crore as a part of its Series D round of funding. The round was co-led by Facebook co-Founder Eduardo Saverin’s B Capital and Accel. The company was founded by Vivekananda H.R., Anil G, and Varun Agni in 2014.
Other investors who participated include existing investors Chiratae Ventures, Sequoia Capital, along with Omidyar Network and Qualcomm Ventures, among others.
Earlier, it had raised $72 million in its Series C round in June last year, which was led by B Capital, Falcon Edge, Accel Growth Fund, Maverick, and Qualcomm, with existing investors Sequoia Capital, Chiratae Ventures, Omidyar, and Accel Partners.
The company will utilize these funds to further scale its teams, technology, and supply.
Bounce calls itself – “India’s first smart urban mobility solution, with a mission of making daily commute stress-free, time-saving, reliable and convenient.” The company offers hourly rentals, as well as one-way rental services where in users can pick up and drop bikes anywhere they need to – including airport drop in select cities.
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