• Sequoia India and Accel back on-demand scooter startup in $12.2M deal

    2 monthes ago - By Tech Crunch

    Two of India's most prominent VCs are backing a motorbike on-demand service after Sequoia India and Accel led a $12.2 million investment in Metro Bikes. Sequoia India and Accel were joined in the round by Raghunandan G, who founded TaxiForSure which sold to Ola , among other investors.
    Metro Bikes started out as a luxury bike rental service in 2014 - initially as “Wicked Rides” - and it launched scooters and other two-wheel rentals in 2016. Now, the company is rebranding to Bounce and refocusing its business to on-demand scooter rentals for first and last mile transportation. The idea is...
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