Qualcomm Ventures took part in a series D round that hiked the valuation of the electric scooter rental service from $250m to $450m.
India-based scooter rental service Bounce has received $97m in a series D round featuring Qualcomm Ventures, the corporate venturing arm of mobile semiconductor producer Qualcomm, LiveMint reported on Wednesday, citing a regulatory filing.
Venture capital firm B Capital led the round, which included trustee services provider Vistra ITCL, Sequoia Capital, Accel India, Chiratae Partners, Omidyar Network and SCI Investments. The transaction valued Bounce at $450m, a person familiar with the matter told LiveMint.
Sources told TechCrunch in November 2019…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
