Scooter rental platform Bounce has raised another $3 million debt fund from InnoVen Capital. This is the second round of funding from the InnoVen, taking their total debt investment to $6 million.
With a current fleet of 5,000 dockless bikes in Bengaluru, Bounce will use the capital to expand and increase its density and penetration in the city. Backed by Sequoia, Chiratae Ventures, and Accel India, Bounce recently raised $3-4 million from Flipkart co-founder Sachin Bansal.
