Bike Rental Startup Bounce Raises $3 Mn From InnoVen Capital
With a fleet of 5,000 keyless bikes, the company will use this fund towards the expansion plans and will also increase its density.
- Six months after raising $3 Mn from Innoven Capital, Bengaluru-based two wheeler rental startup Bounce has raised another $3 Mn in debt funding from InnoVen.
- With a fleet of 5,000 keyless bikes in Bengaluru, the company said it will use this fund towards the expansion plans and will also increase its density and penetration in the city.
- Coupled with its previous funding, the company has so far raised over $22.5 Mn in series A and B. Flipkart cofounder Sachin Bansal had earlier invested $3 Mn in debt in Bounce through BAC Acquisitions.
- The post Bike Rental Startup Bounce Raises $3 Mn From InnoVen Capital