U.S. venture capital firm B Capital Group and hedge fund Falcon Edge Capital have led a $72 million Series C funding round in Indian bike rental startup Bounce.
Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capital India and Qualcomm Ventures also participated in the round.
With the new capital raised, Bounce will extend its presence nationally, especially in smart cities, and also strengthen its technology.
To date, the startup has secured total financing of $101.2 million in over six rounds.