Bounce
“Can Bounce become the global go-to luggage storage marketplace by connecting travelers with local partner stores in cities worldwide?”
Founded2014
HQSan Francisco, CA, USA (originally Bangalore, India)
Total raised$194M+
Latest roundSeries D, January 2020
Valuation$500M+ (2020)
IndustryMarketplace / Travel
The story
Originally founded in 2014 as Metro Bikes, a dockless two-wheeler rental service in Bangalore, the company rebranded to Bounce and expanded aggressively across Indian cities, reaching 120,000+ daily rides and partnering with 250,000+ stores. The current Bounce (bounce.com) appears to be a luggage storage marketplace—a distinct, later-stage product pivot—connecting travelers with local shops and hotels that store bags, with Stripe as its payment processor. The Indian scooter rental and the luggage-storage platform share the same brand name but are likely separate entities or a significant pivot.
Last 12 months
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Product timeline
2014
Founded as Metro Bikes, a dockless scooter and bike rental startup in Bangalore, India.· pivot
2019
Rebranded from Metro Bikes to Bounce; raised $72M Series C at $200M+ valuation to expand electric scooter operations.· pivot
2020
Raised $105M Series D at $500M+ valuation; total funding reaches $194M; expanded to 20,000+ scooters across ~36 Indian cities.· banking
The stack
1 layer disclosed in Bounce’s embedded-finance stack
Payments / PSP
Accounting gap: none