BOUNCE CASE STUDY
BOUNCE CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE, INVESTORS
CEO and Co-Founder : Vivekananda Hellekere
BOUNCE BUSINESS MODEL
Bounce is Bangalore based startup founded in 2014. Bounce is a bike rental platform which provide keyless Scooter for rent , you just have to use the OTP to start the scooter, you can pick up the bike from anywhere through Bounce app and derop it at any location once you reached your destination. app provide both short & long ride on rent . Idea of the Bounce came into mind when anil had to wait 12 months for a Royal Enfield after placing order.
FUNDING
Total funding of Bounce is $100.2 million.
April 2019 Bounce raised $72 million in Series C
April 2019 Bounce raised $3 million in Series C
March 2019 Bounce raised $3 million in Series C
Jan 2019 Bounce raised $7 million in Series B
Sept 2018 Bounce raised $3 million
Aug 2018 Bounce raised $12.2 million in Series A
INVESTORS
Sequoia Capital India, Accel Partners, Chiratae Ventures, Maverick Capital Ventures, B Capital, Qualcomm Ventures, omidyar Network, Innoven Capital, BACQ.
COMPETITORS
ONN Bikes, Rapido, WheelStreet, Drivezy, Vogo, Snapbikes, Volercars, Zoomcar, Revv & Rentrip.
CITIES
BANGALORE, JAIPUR, UDAIPUR, MYSORE, BHUJ, AHMEDABAD, MAMPI, BELAGVI,JAISALMER.
DISCOVER
FOUNDED: 2014
HEADQUATERS: Bengaluru, Karnataka
CEO & CO-FOUNDER : Vivekananda Hellekere
REVENUE OF BOUNCE : $3 Million
PLAYSTORE RATING: 4.2
EMPLOYEES : 105
APP
Bounce application is available on playstore with rating of 4.2, which is easy to use, reserving a bike in bounce app is very easy you just have to tap on the book the bike section, select the date you are interested in than select a bike you like & also select the pickup location of your choice , after that reconfirm your selected bike, date and pickup location and you will be taken to the payment gateway. after you make the payment, reservation will be confirmed.
FEATURES
ANYWHERE TO ANYWHERE : pick and drop any where in the city.
FUEL & HELMET INCLUDED
SAVE TIME & SPEND LESSER: fare starting at Rs 5/km & Rs 0.5/min.
Thanks for reading
BOUNCE CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE, INVESTORS