Scooter sharing startup Bounce's valuation crosses $220 mn with new funding

Raises $72 million in a series C financing round led by B Capital Group and Falcon Edge Capital; would use capital to expand its presence nationally and strengthen its technology.

Bounce, a bike and scooter sharing start-up, has raised $72 million in a series C financing round led by B Capital Group and Falcon Edge Capital. The Bengaluru-based firm said the investment took the valuation of the company to over $220 million. 

This year in January, its valuation was between $45 million and $50 million when it raised $8 million in a funding round led by Chiratae Ventures, according to the company.

This new funding round saw participation from Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capital India, and Qualcomm Ventures. 

The round