Bounce Incurs Rs 277 Cr Expenditure to Generate Rs 15 Cr Revenue in FY22

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  • Bike rental startup Bounce incurred a total expenditure of Rs 277 Cr in FY22.
  • The company generated a total revenue of Rs 15 Cr in FY22.
  • Bounce received funding from Silicon Valley investors in 2019.
  • The company’s yellow scooters were seen in major cities.
  • Bounce had a vision of becoming the next big thing for mobility in India.
  • The pandemic hit and the company had to adjust its plans.