New Delhi, Jan. 23 -- Shared mobility start-up Bounce on Thursday received $105 million (Rs 749 crore) series D venture capital funds infusion led by Accel and the B Capital Group.
"The innovation around the keyless mechanism of using a scooter coupled with other Internet of Things (IoT) modifications makes Bounce very unique. We are excited to continue partnering with the Bounce team," Accel partner Anand Daniel said in a statement.
Daniel said Bounce has identified one of the key gaps in the mobility sector and has managed to provide a convenient and cost-efficient solution with its tech capabilities.
Existing investors in the start-up also include Falcon Edge, Maverick Ventures, Omidyar Network India and Qualcomm Ventures, among other...