Bounce, a Bangalore-based startup that operates over 15,000 electric and gasoline docked bikes in nearly three dozen cities in India, said today it has raised $105 million in a new funding round as it explores sustainable ways to expand within the nation and build its own electric vehicles. The new financing round, Series D, was co-led by existing investors Eduardo Saverin’s B Capital and Accel Partners India, said the startup. The new round valued Bounce at a little over $500 million, up from about $200 million in June last year, a person familiar with the matter told TechCrunch.
Indian bike rental startup Bounce raises 5M
Source: Yahoo.com – Technology