Bounce raises $3 mn from InnoVen Capital

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Press Trust of India Mumbai
Last Updated : Sep 25 2018 | 1:55 PM IST

Two-wheeler rental service provider Bounce Tuesday said it has raised USD 3 million from InnoVen Capital, a leading venture debt and specialty lending firm in Asia.

The funds will be used to fund the expansion plans of the company, a release said.

The company, which recently rebranded itself from Metro Bikes to Bounce, had last month raised USD 12.2 million in a Series A funding round led by Sequoia Capital India and Accel Partners.

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First Published: Sep 25 2018 | 1:55 PM IST

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