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Bike-sharing startup Bounce raises $72 million in Series C funding

Updated : June 17, 2019 10:35 PM IST

Bike-sharing startup Bounce has raised $72 million in Series C funding led by Facebook co-founder Eduardo Saverin's B Capital and Falcon Edge Capital.
The company, which competes with Yulu Bikes, Vogo and other bike-sharing startups, plans to use the new financing for expansion to multiple cities and fortify its dock-less technology. 
Existing investors Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network, Sequoia Capital and Qualcomm Ventures also participated in the round. 
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