[Funding alert] Bounce raises $3M debt funding led by InnoVen Capital
22 April 2019 8:22 AM GMT
The Bengaluru-based scooter sharing platform Bounce has raised $3 million debt funding led by InnoVen Capital. The funding will primarily be used to acquire more scooters.
![[Funding alert] Bounce raises $3M debt funding led by InnoVen Capital](https://democracynewslive.com/h-upload/uid/f9pPyUo7znh3jIy38y6g11AX2dF6YqN06786212.jpg "[Funding alert] Bounce raises $3M debt funding led by InnoVen Capital")
- Bengaluru-based scooter-sharing platform Bounce has raised $3 million debt funding led by InnoVen Capital.
- Last month, it had raised $4 million debt funding led by Sachin Bansal.
- The platform currently has over 5,000 keyless bikes in Bengaluru and this funding will go towards the company's plans to expand and increase its density and penetration in the city.
- Soon after, Metro Bikes rebranded itself as 'Bounce'.Bounce, claims to do close to 24,000 rides a day and has in total done more than 1.9 million rides.
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