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Bounce – How The Bike Rental Startup Is Changing The Way We Commute

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Bounce,Bike Rental Startup,Startup Stories,Bike Rental Bounce,Bike rental startup Bounce,Bounce Bike Rental,How to use Bounce Bikes,Bounce Bike offers,Bounce Founder,Bounce Startup History,Bounce Bike Latest News,Growth of Bounce Bike

Indian metropolitan cities see a huge influx of graduates and working individuals due to India’s IT and startup boom.  As more and more people keep coming, traffic congestion is becoming a major cause for concern, giving endless nightmares to commuters trying to go to their offices and get back home.  All this makes owning a four wheeler a hassle, owing to endless traffic snarls. Bounce, a startup based out of Bengaluru, Karnataka, is slowly trying to change how we commute every day.  Bounce offers bike rentals with the aim of cutting down commute time.

The beginning

Bounce was founded by Vivekananda HR, Varun Agni and Anil G., who initially founded Wicked Ride, a premium bike rental service.  The idea took seed when Anil placed an order for a Royal Enfield bike and found out there was a waiting time of 12 months for the bike to be delivered.  This got him thinking and a realization dawned upon him—renting a bike is cheaper and more hassle free compared to the waiting time for all high end or luxury rides.  This slowly led to the establishment of the company Bounce we know today.

Growth of Bounce

With the advent of the Metro Rail infrastructure, the founders realised first and last mile connectivity was going to be a problem and they set out to address this.  They brainstormed various modes like cars, cycles and two wheelers and eventually finalised two wheelers. Using the revenue generated from Wicked Ride, they assembled a fleet of twenty scooters and began operating from the Baiyappanahalli Metro Station in Bengaluru.  The initial operating model was they used to hand over the keys of the bike and obtain proper signed documents from the customers. They had a team at another location to collect the bikes and their keys.

However, after realising they need to scale up and it could be achieved by integrating technology with the operating model, they decided to develop an app which worked using the Internet of Things (IoT.)  This was when Varun developed software and hardware which could be integrated in the vehicles, making them capable of being operated without keys. This meant users could unlock the bike with just their mobile, using the Bluetooth and data on their devices.

To take the ease of use even further, they started offering two  options of renting bikes from which the customers could choose one.  The first is the dockless model, which lets the user pick up the bike closest to them and use it.  This can be used for first and last mile connectivity or short trips. The user can later leave the bike at the point of their destination for the next user to use.  The other option is hourly rentals, which lets the user rent bikes when they have longer trips.

The founders are looking into electric vehicles to further bring down the cost per kilometer for users.  Bounce is rapidly gaining a user base in the metro cities, thanks to the nature of its simple and easy to use system.  Regular commuters are now slowly beginning to accept the use of Bounce bikes to bring down their commute time, especially during peak hours when the roads are congested due to the massive presence of four wheelers.

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Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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Entrepreneur Stories

Razorpay Partners with MeitY Startup Hub to Accelerate Deeptech Innovation in Tier II and III Cities

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Razorpay

MeitY Startup Hub (MSH), under the Ministry of Electronics and Information Technology, has partnered with fintech leader Razorpay to support the growth of deeptech and emerging tech startups across India, with a special focus on those in Tier II and III cities. Through this collaboration, early-stage startups will gain access to Razorpay’s fintech infrastructure, mentorship, and resources via the Razorpay Rize program.

Startups in areas like AI, blockchain, robotics, and IoT will benefit from streamlined company incorporation support, expert mentorship, product credits, and guidance for applying to global accelerators such as Y Combinator. Selected founders will also join the exclusive Rize Community, connecting with peer networks and attending masterclasses.

MSH CEO Panneerselvam Madanagopal emphasized that this partnership will help founders scale faster by providing vital support in mentorship, capital access, and digital infrastructure. As India’s startup ecosystem surpasses 159,000 DPIIT-recognised startups, this initiative aims to give deeptech entrepreneurs the tools and networks needed to innovate for India and expand globally.

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Funding

Info Edge Delivers 36% Returns on Startup Investments

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Infoedge

Info Edge, the parent of Naukri.com, has achieved a 36% gross internal rate of return (IRR) on its startup investments since 2007, turning a total investment of INR 3,959 crore across 111 startups into a portfolio now valued at INR 36,855 crore-a nearly 9X gain. Early bets on Zomato and Policybazaar have been especially lucrative, with holdings in these two companies alone worth INR 31,500 crore as of March 2025.

The company’s investment strategy spans multiple vehicles, including the SEBI-registered Info Edge Venture Fund (IEVF), Info Edge Capital, and Capital 2B, with a combined fund corpus of INR 3,423 crore and Info Edge committing INR 1,614 crore. Early-stage investments now contribute 30-40% of the company’s overall value.

Info Edge’s Alternative Investment Fund (AIF) investments have yielded an IRR of 18.7%. Many portfolio companies, such as TrueMeds, Geniemode, Attentive.ai, and InPrime, have attracted follow-on funding from major investors like Accel, Peak XV Partners, and Tiger Global. Notably, BlueStone, the largest investment of Info Edge Capital, has filed for an IPO after securing investments from Prosus, Peak XV, and Steadview Capital.

Founder Sanjeev Bikhchandani emphasized the company’s focus on strong governance and financial controls, with a preference for value realization through public listings or strategic exits.

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