PE-VC Fund Investments
EV mobility platform for gig workers Baaz Bikes to raise Rs.19-Cr from existing investors
Delhi-based electric vehicle (EV) mobility platform for gig workers, Baaz Bikes is raising INR 19 crore (USD 2.2 million) in its extended Series A round from its existing investors, including Big Capital, Rakuten Capital, and Kalaari Capital.Big Capital will be leading the round with INR 8.36 crore, while Rakuten Capital and Kalaari Capital will be investing INR 5.86 crore and INR 4.35 crore, respectively. Preetinder Singh Panjrath (CFO of Big Capital) will also contribute INR 50 lakh.Founded in 2019 by Anubhav Sharma and Shubham Srivastava, Baaz Bikes provides subscription-based scooters to gig workers at firms like Zomato, Zepto, Swiggy, and Amazon covering multiple battery swaps in a month.
Between Jul 2019 and Apr 2025, Baaz Bikes had attracted about USD 14 M from AdvantEdge Partners, Kalaari Capital, Big Capital, Rakuten Capital, Alteria Capital, Trifecta Capital and others.For FY24, Baaz Bikes had reported about INR 4 Cr in Operating Income and about INR 8 Cr in Net Loss.
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