Bike Bazaar Raises Additional $10 Million In Funding, Will Focus On Electric Vehicles
Amount Raised
$10 Million
Round Type
Funding Round
Description
Two-wheeler sales and financing startup, Bike Bazaar, on Monday said that it has raised Rs 82 crore (or roughly $10 million) in additional funding from DEG, a Germany-based development finance institution and a subsidiary of KfW Group.With this funding, Bike Bazaar has closed its latest fundraise with a total equity capital of Rs 250 crore (or $30 million). It had raised Rs 170 crore in September last year, led by Women World’s Banking Asset Management (WAM). Existing investors Elevar Equity and Faering Capital have also participated in the fund raise. According to the company, it will use the new funds to penetrate deeper into rural Indian markets and to continue to increase its focus on electric mobility in the business-to-business (B2B) and consumer spaces.“Bike Bazaar is doubling down on electric two-wheeler financing by offering products including leasing and rental solutions especially for last-mile delivery in the e-commerce & food-delivery industry,” said Srinivas Kantheti, cofounder and managing director of Bike Bazaar
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Bike Bazaar that raised within 45 days of this round, from Fundz verified event records.
- Kredivo Holdings raised $270M (Series D) on March 22, 2023.
- ID Finance raised $32M (Funding Round) on March 22, 2023.
- Eightco Holdings raised $11M on March 15, 2023.
- Natech raised an undisclosed amount (Funding Round) on March 13, 2023.
- Coherent Logix raised $85M on March 7, 2023.
- Marco raised an undisclosed amount (Funding Round) on February 27, 2023.
Who to call at Bike Bazaar, and when
A new round usually means Bike Bazaar is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Bike Bazaar raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Bike Bazaar, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Bike Bazaar. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Bike Bazaar raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Bike Bazaar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.