The coronavirus pandemic has impacted several businesses worldwide leading to layoffs across industries. In a recent development, Bengaluru-based two-wheeler rental startup Bounce announced that it has decided to lay off around 22% of its workforce or about 130 employees due to the impact of Covid-19 on the mobility industry. Announcing the decision through a company…
Bounce, one of India’s largest shared mobility players, announced that it has resumed its operations in Bengaluru and Hyderabad. In addition to its dockless scooter sharing model, Bounce has introduced flexible long-term rental plan and a subscription based model, Bounce – A (AtmaNirbhar) to ease commute within cities during the lockdown 4.0. The company said…
Bounce, India’s dockless shared mobility player, announced that it has been working with the Bengaluru Railway Division to provide its COVID warriors with commute options to reach work in time during lockdown. “Under the ScooterHero initiative, over 1000 idle two-wheelers have been registered on the Bounce platform and they will be deployed free of charge…
Bengaluru-based scooter rental startup Bounce has recently laid around 20% of its workforce in as a cost-cutting measure, as an Entrackr report. Most of these lays are from mid and senior-level with high salary packages. According to the report, the company has decided to let go of about 120 employees primarily from an internal project…
US-based investment firm Falcon Edge Capital has raised $300mn India-focused venture capital fund Alpha Wave Incubation (AWI). The fund is anchored by investors from UAE and an undisclosed entity of the Government of Abu Dhabi. According to a report by The Economic Times, AWI is in the final stages of closing the corpus and is…
Bounce, an Indian scooter rental start-up, has raised an additional $105mn from Accel Partners and B Capital Group. The latest round is part of the ongoing Series D funding round. The company was founded by Vivekananda H.R., Anil G, and Varun Agni in 2014. Other investors who participated include Sequoia Capital India, Chiratae Ventures, Maverik…
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…
Indian scooter rental start-up Bounce raised $150 million in an ongoing funding round led by its existing investors Eduardo Saverin’s B Capital and Accel Partners India. The current financing round, dubbed as Series D funding raised the market value of Bounce to $500 million. Earlier this year in June, during its Series C funding, the…
Bounce, the bike rental startup founded in 2014 is on way to raise its next round of funding which is expected to be in the range of $ 125 – $ 150 Mn. The company was founded in 2014 by Vivekananda HR, Varun Agni, and Anil G, and has been a key player in the…