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Metro Bikes Raises $12.2 Mn Funding; Rebrands To Bounce | Business Standard News

by business-standard.com posted 1week ago 6 views
Bike rental startup Metro Bikes today said it has raised USD 12.2 million in series-A funding round led by Sequoia India and Accel Partners, and has rebranded itself as Bounce. Raghunandan G, founder of TaxiForSure, along with a consortium of other investors also participated in the funding round, the company said in a release. The company will use the funds to further scale its network across Bengaluru, invest in a robust delivery model through innovations in technology and develop a pan-India presence by expanding to all major cities by 2020, it added.

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