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Bounce: Raises $105M To Expand In India | Fintech InShorts: Latest fintech news, analysis by experts

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Bounce: Raises $105M To Expand In India

By Steve Sam

January 27, 2020

Bounce: Raises $105M To Expand In India

Bangalore based startup Bounce has confirmed that it has raised $105M in it’s latest funding round
Currently, it operates over 15,000-17,000 electric bikes and gasoline docked bikes in nearly 36 Indian cities
The team will use the funding to expand the firm in India and build its own electric vehicles to push profitability
The new financing round, Series D, has been led by the investor Eduardo Saverin’s B Capital and Accel Partners India
The valuation of Bounce has excessed to $500M, up from $200M last year
Bounce, also known as Metro Bikes, allows customers to rent a bike from the given parking spots in the cities

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