Bengaluru bike-sharing startup Bounce raises â¹22 crore
Bengaluru-based bike-sharing startup Bounce has raised nearly â¹22 crore ($3 million) in venture debt from lending firm InnoVen Capital. Previously known as Metro Bikes, the startup will use the capital to expand its services across India, according to a statement. Founded in 2014, Bounce offers bike rentals for first and last mile transportation with cost based on distance and time-spent.