Startup Around

Avaana Capital infuses fresh funds in Frog Cycles


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NEW DELHI: Avaana Capital, has infused fresh funds in AlphaVector, owner of India’s fastest growing bicycle brand - Frog.
Rohit Bansal and Kunal Bahl as part of Titan Capital have also invested as part of this round.Frog is focusing on innovations to improve the bicycling experience for everyone.
It will use the funds from Avaana and Titan to expand its product offerings to cater to the growing Indian-middle-class and to launch electric bicycles.
The company also plans to invest in a state-of-the-art manufacturing facility with a capacity of 1 million cycles per year under the “Make in India” program.
As the fastest growing aspirational brand with a singular focus on creating affordable, comfortable, and stylish products for this target segment, we expect AlphaVector’s Frog cycles to emerge as a major player.” | To read full story, visit https://startuparound.com/read/1580882443.3222554/Avaana-Capital-infuses-fresh-funds-in-Frog-Cycles?ref=audio_experience
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