Private Equity PE-VC Fund Investments
E-scooter rental platform Baaz Bikes raises Rs.46.22 Cr led by Big Capital
Source Baaz Bikes (opens in a new tab)Baaz Bikes (opens in a new tab)Entrackr (opens in a new tab)
Gurugram-based Baaz Bikes has raised a Series B round led by Big Capital, with participation from other existing investors Kalaari Capital and Aravind Sanka. The company will issue 6,105 Series B preference shares at INR 75,716 per share to raise INR 46.22 crore. BIG Capital led the investment with INR 38 crore, while Kalaari Capital contributed INR 8 crore, with the remaining balance provided by Aravind Sanka. The current transaction values the company at an estimated INR 325 crore (USD 34 million).Founded in 2019 by Anubhav Sharma and Shubham Srivastava, Baaz Bikes operates an electric mobility platform providing electric scooters on a subscription basis to delivery partners associated with companies such as Zomato, Swiggy, Zepto, and Amazon.The company plans to use the new funds for capital expenditure, product development, and working capital requirements.
Between Jul 2019 and Jul 2025, Baaz Bikes had attracted about USD 16 M from AdvantEdge Partners, Alteria Capital, Trifecta Capital, Big Capital, Kalaari Capital, Rakuten Capital, and others.For FY25, Baaz Bikes had reported about INR 18 Cr in Operating Income and about INR 25 Cr in Net Loss.