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Indus, JSA, SAM, Algo, Samvad act on App-based scooter rental startup Bounce fundraise

Bar & Bench

App-based scooter rental startup Bounce has raised $97 million (Rs 692.39 crore) in Series D funding round, led by Facebook co-founder Eduardo Saverin’s venture capital fund B Capital.

Bounce has also received investments from companies like Sequoia Capital, Accel Partners India and Chiratae Partners, besides new investors Omidyar Network, Vistra ITCL, SCI Investments and Qualcomm Ventures, reported ET.

IndusLaw acted for Wickedride Adventure Services Private Limited, Accel India V (Mauritius) Limited, ON Mauritius, Qualcomm Asia Pacific and the team was led by Senior Partner Srinivas Katta along with Partner Pallavi Kanakagiri, Associates Anantha Krishnan Iyer and Abhishresth Goswami.

JSA advised B Capital Asia II and the team included Manvinder Singh, Anant Mishra, Divyam Sharma and Vishakha Singh.

Goodwin, Hong Kong Partner Yash A Rana, along with Ananth Lakshman and Abhishek Krishnan acted for Falcon Edge India.

Shardul Amarchand Mangaldas advised MPOF Mauritius Ltd and MAF Mauritius Ltd and the team included Partners Raghubir Menon and Ekta Gupta, along with Tanya Choudhary, Srishti Maheshwari, Swati Sharma and Tanmayee Chaulkar.

Algo Legal, Bangalore team including Prateek Mohapatra, Utsav Gandhi, Archan Chakraborty acted for SCI Investments VI, SCI Investments V and Redwood Trust.

Samvad Partners, Bangalore Partner Harish Narasappa along with Pushkar Deshpande advised IDG Ventures India Fund III LLC, Chiratae Trust.