Bounce Revenue, Valuation, Funding & Investors

Bounce is valued at $520M as of January 2020.

Last Bounce valuation

$520M

Series D · Jan 2020

Last Bounce funding round

$5M

Series F · Mar 2026

Bounce revenue

$7M

Series C · Jun 2019

Key investors in Bounce

  • Accel
  • Peak XV Partners
  • Qualcomm Ventures
  • B Capital
  • Chiratae Ventures
  • Maverick Ventures

Bounce Overview

About Bounce

Bounce is a Bangalore-based bike-sharing service operating keyless scooters via app-based OTP access and one-way rentals for first- and last-mile metro connectivity in India. Launched in 2014 as Metro Bikes, it deploys over 25,000 vehicles in Bengaluru, Delhi, and Hyderabad with GPS tracking and docking-free stations.


Founded

2014

HQ

IndiaBangalore

Status

Privately held

Customer focus

B2C

Revenue model

Usage-based

Revenue

$7M (Jun 2019)

Valuation

$520M (Jan 2020)

Bounce Valuation

Bounce is currently valued at $520M, based on its Series D in January 2020.

The $105M round was led by Accel and B Capital, with participation from Omidyar Network India, Qualcomm Ventures, Vistra ITCL, Maverick Ventures, Alpha Wave Global and 3 other investors.

Bounce's valuation has grown 1.0x from $500M at its Series C in June 2019 to $520M in January 2020, across 2 priced rounds.

Bounce valuation by funding round

Revenue multiple
Bounce valuation by funding round
DateStageValuationRevenue Multiple
Jan 2020Series D$520M-
Jun 2019Series C$500M71.4x

Bounce Revenue

Bounce's latest recorded revenue is $7M, as of its Series C in June 2019. At a $500M valuation, that implies a 71.4x revenue multiple.

Bounce revenue by funding round

Bounce revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2019$7M$500M71.4xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Bounce Funding History

Bounce has raised a total of $221M across 6 funding rounds.

Bounce's first fundraising round was a $12M Series A in August 2018. The most recent completed round was a $5M Series F in March 2026.

Bounce funding rounds

Bounce funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Series FAccel (lead); B Capital (lead); Qualcomm Ventures; Vivekananda Hallekere$5M--
Jan 2023Series EPeak XV Partners (lead); Force Ventures$20M--
Jan 2020Series DAccel (lead); B Capital (lead); Omidyar Network India; Qualcomm Ventures; Vistra ITCL; Maverick Ventures; Alpha Wave Global; Brun Raschle; Peak XV Partners; Chiratae Ventures$105M$520MBounce Infinity is an Indian smart mobility startup providing app-based rental services for keyless electric scooters and bikes, enabling users to book rides via OTP without physical keys or human intervention, aiming to make daily commutes stress-free and efficient across urban areas. The company focuses on technology-driven solutions to address urban mobility challenges in India, positioning itself as a leader in convenient, reliable bike-sharing. In January 2020, Bounce Infinity raised $105 million in a Series D-II funding round led by Accel and B Capital, with participation from Alpha Wave Global, Bruno Raschle, Chiratae Ventures, Maverick Ventures Israel, Omidyar Network, Peak XV Partners (formerly Sequoia India), Qualcomm Ventures, and Vistra ITCL. The post-money valuation for this round was $500-520 million. The company continued raising funds post-2020, including a $72M Series C, $6.5M debt in March 2020, and a $20M Series E in January 2023 from Peak XV Partners, indicating sustained growth in the competitive Indian EV mobility market.
Jun 2019Series CAlpha Wave Global (lead); B Capital (lead); Omidyar Network India; Qualcomm Ventures; Maverick Ventures; Accel; Peak XV Partners; Chiratae Ventures$72M$500MBounce is an Indian electric vehicle (EV) startup focused on shared mobility, particularly dockless scooter rentals and later expanding into EV manufacturing and B2B rental ecosystems for last-mile delivery in the gig economy. The company raised $105M in its Series D-II round on January 8, 2020, with investors including Accel, B Capital, Alpha Wave Global, Chiratae Ventures, Maverick Ventures Israel, Omidyar Network, Peak XV Partners (formerly Sequoia India), Qualcomm Ventures, and Vistra ITCL. Financial filings show Bounce's revenue from operations grew from Rs 13.88 crore in FY19 to Rs 87.54 crore in FY20, reflecting scaling operations amid expansion. The company targeted ₹150 Cr revenue in FY25 per CEO statements. In competitive context, Bounce operates in India's crowded EV two-wheeler sharing market alongside players like Yulu, which reported Rs 42.8 crore revenue in FY23 and claimed $30M ARR in FY25. Bounce faced challenges including losses of Rs 442 Cr in FY20 despite revenue growth, and pursued strategic funding from existing backers for EV rental pivots.
Jan 2019Series BAccel (lead); Chiratae Ventures (lead); Mauritius Investments (lead); Peak XV Partners (lead)$7M--
Aug 2018Series APeak XV Partners (lead); Raghunandan G; Accel$12M--

Who has invested in Bounce?

14 investors have backed Bounce across its funding rounds, including Accel, Peak XV Partners, Qualcomm Ventures, B Capital, Chiratae Ventures and Maverick Ventures.

Lead investors include Accel, B Capital, Peak XV Partners, Alpha Wave Global, Chiratae Ventures and 1 other investor.


Bounce Investors

Investors in Bounce by funding rounds participated
InvestorHQRoundsRoleFirst check
AccelUnited StatesPalo Alto, CA5LeadAug 2018
Peak XV PartnersIndiaBangalore5LeadAug 2018
Qualcomm VenturesUnited StatesSan Diego, CA3ParticipantJun 2019
B CapitalUnited StatesLos Angeles, CA3LeadJun 2019
Chiratae VenturesIndiaBangalore3LeadJan 2019
Omidyar Network IndiaIndiaMumbai2ParticipantJun 2019
Maverick VenturesUnited StatesUnited States2ParticipantJun 2019
Alpha Wave GlobalUnited StatesMiami, FL2LeadJun 2019
Raghunandan GIndiaBangalore1ParticipantAug 2018
Vistra ITCLIndiaMumbai1ParticipantJan 2020
Mauritius InvestmentsMauritiusPort Louis1LeadJan 2019
Vivekananda HallekereIndiaBangalore1ParticipantMar 2026

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Bounce

Bounce has acquired 2 companies to date.

Last acquisition by Bounce was on October 6th 2021. Bounce acquired Twenty Two Motors for $5M.


Latest Acquisitions by Bounce

Twenty Two Motors
ofo India
Description
Twenty Two Motors is a Delhi-based electric vehicle manufacturer producing connected two-wheelers for urban commuting. The company develops battery-powered scooters integrating IoT features for performance and navigation.
ofo India is a dockless bike-sharing service operating in Indian cities including Bengaluru, Hyderabad, Mysore, Jaipur, Udaipur, Belagavi, Manipal, and Jaisalmer. As a former subsidiary of ofo Inc., it deployed QR code-enabled bikes for short urban trips. Acquired by Bounce in November 2018, the operations integrated into scooter-sharing fleets backed by Sequoia Capital.
HQ CountryIndiaIndia
HQ City
Haryana
New Delhi
Deal Date6 Oct 202128 Nov 2018
Valuation$5Mundisclosed
EV/Revenue
EV/EBITDA

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Bounce Competitors

Bounce competitors include listed companies like Phoenix Bicycle, BiNBiN, Piaggio and Youon Technology, and private ones like Tenways and Spironet.

Public and private companies comparable to Bounce
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Phoenix BicycleChinaChinaPublicly listed$322M$30M$594M-
TenwaysHong KongHong KongPrivate--$353M-
BiNBiNTurkeyTurkeyPublicly listed$11M($12M)$347M-
PiaggioItalyItalyPublicly listed$1.7B$284M$780M0.7x
Youon TechnologyChinaChinaPublicly listed$61M($17M)$814M-
SpironetBeninCotonouPrivate--$900M-

Bounce Public Comps

Bounce is still privately-owned, but its public comps include Phoenix Bicycle, BiNBiN, LiveWire, Piaggio, Youon Technology, Martı, Gogoro, Lobo Technologies, Fly-E Group and Micromobility com.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Phoenix Bicycle$322M$30M1.6x-16.8x-
BiNBiN$11M($12M)30.9x-(27.8x)-
LiveWire$26M($66M)12.3x12.3x(4.8x)-
Piaggio$1.7B$284M0.8x0.7x4.7x4.5x
Youon Technology$61M($17M)6.2x-(22.7x)-
Martı$39M($23M)6.9x3.8x(11.8x)115.5x
Gogoro$281M$24M1.2x1.2x14.4x5.1x
Lobo Technologies$23M($3M)0.5x-(4.2x)-

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Common questions about Bounce

When was Bounce founded?Bounce was founded in 2014.
Where is Bounce headquartered?Bounce is headquartered in Bangalore, India.
Is Bounce publicly listed?No, Bounce is a private, VC-backed company.
What is Bounce's valuation?Bounce was last valued at $520M in its Series D in January 2020.
How much funding has Bounce raised?Bounce has raised $221M across 6 funding rounds.
What was Bounce's last funding round?Bounce's last funding round was a $5M Series F in March 2026, led by Accel and B Capital.
Who are Bounce's investors?Bounce's investors include Accel, Peak XV Partners, Qualcomm Ventures, B Capital, Chiratae Ventures, Omidyar Network India, Maverick Ventures, Alpha Wave Global, Raghunandan G, Vistra ITCL and 4 others.
What is Bounce's revenue?Bounce's latest recorded revenue is $7M (June 2019).
What is Bounce's revenue multiple?Bounce's latest valuation implies a 71.4x revenue multiple ($500M valuation on $7M of revenue).
Which companies are comparable to Bounce?Companies comparable to Bounce include Phoenix Bicycle, Tenways, BiNBiN, Piaggio, Youon Technology and Spironet.
How many companies has Bounce acquired?Bounce has acquired 2 companies, including Twenty Two Motors and ofo India.
What was the largest acquisition by Bounce?The $5M acquisition of Twenty Two Motors in October 2021 is the largest acquisition Bounce has made to date.

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