Bengaluru-based bike rental start-up Bounce raises over $100 million in funding

Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round.

The funding was co-led by existing investors Eduardo Saverin from B Capital and Accel Partners India, TechCrunch reported. The new amount raised places Bounce’s valuation at just over $500 million. Bounce was valued at $200 million last June after its Series-C funding round.

Other investors including Sequoia Capital India, Maverik Ventures, Qualcomm Ventures, Chiratae Ventures, Falcon Edge and Omidyar Network had also participated in the funding round. After this latest round of funding, Kabir Narang, General Partner and Co-head, Asia, at B Capital Group will be joining the board, Inc42 reported.