Scooter-sharing startup Bounce has secured $6.5 million in a debt funding round from InnoVen Capital. The company would be deploying the cash to invest in electric vehicle infrastructure.
With the latest investment round, InnoVen’s total investment in the Bounce has reached $12 million so far. Recently, the Bengaluru-based firm had also increased its ESOP pool size to 1,29,276 stock options worth around $18.1 million. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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