Bengaluru-based scooter sharing startup Bounce has raised $6.5 million in debt funding from existing investor InnoVen Capital.
This marks InnoVen Capital’s third investment in Bounce, in a span of 18 months, taking the total debt investment to $12 million, exclusively from the firm.
Ankit Agarwal, Director, InnoVen Capital India, said,“InnoVen has been associated with Bounce since early days and impressed by the phenomenal progress they have made in a relatively short period of time."
Bounce recently raised $105 million as part of its Series D funding round, led by Accel Partners and B Capital Group, taking the total capital raised to over $200 million.
Started in 2008 as the first dedicated venture debt provider in India, InnoVen Capital India has done over 250 transactions with more than 170+ startups across various stages, including Swiggy, Byjus, Oyo Rooms, CureFit, Myntra, DailyHunt, FirstCry, Blackbuck, Rivigo, Ather Energy and Yatra. | To read full story, visit https://startuparound.com/read/1583215205.5828488/[Funding-alert]-Scooter-sharing-startup-Bounce-raises-$6.5M-from-InnoVen-Capital?ref=audio_experience