Dockless Scooter-Sharing Startup Bounce Raises $3 Mn Venture Debt From InnoVen Capital

Dockless Scooter-Sharing Startup Bounce Raises $3 Mn Venture Debt From InnoVen Capital

SUMMARY

The startup plans to use the funding to further boost Bounce’s expansion plans

The startup planned to work on improving its delivery models and expand to other major cities across India by 2020

Bounce provides premium bike rental services

Bengaluru-based dockless two-wheeler rental service Bounce has raised $3 Mn in venture debt from venture debt and speciality lending firm InnoVen Capital. Founded as Wicked Rides in 2014 by Vivekananda HR, Varun Agni and Anil G, the company offers premium motorcycle rentals under the Wicked Rides banner, with commute bikes under the Metro Bikes label, now rebranded as Bounce.

The startup plans to use the funding to further boost Bounce’s expansion plans and establish a pan-India presence.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.