Metro Bikes, an urban mobility solution start-up, has raised $12.2 million from investors led by Sequoia Capital India Advisors and Accel Partners. G Raghunandan, founder of TaxiForSure and a consortium of other investors have also participated in the Series A fund raising.
The company has also changed its brand name to Bounce. The funds will be used to further scale the Bounce network across Bengaluru, invest in a delivery model through innovations in technology and develop a pan-India presence by expanding to all major cities across India by 2020. The start-up offers a ...
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