Bounce, a dockless bike rental startup, announced that they have raised an additional $105 Million ( around INR 748 Cr) from B Capital Group and Accel Partners.
Kabir Narang, general partner and co-head of Asia at B Capital Group will now be joining Bounce board after this freshest funding.
Now, the company is planning to add more electric vehicles and will expand to more cities.
This Bengaluru-based company earlier raised $97 Mn (INR 690.95 Cr) led by B Capital, Eduardo Saverin’s (Facebook co-founder) venture capital firm.
Existing investors in Bounce like Qualcomm Ventures, Chiratae Ventures, Maverik Ventures, Sequoia Capital India, Falcon Edge, and Omidyar Network India among others also marked their presence in this ongoing Series D funding round.