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IndusLaw drives Bounce-Wickedride scooters into $72m Series C with JSA, SAM, Themis, Goodwin

Two-wheeler rental startup Bounce raised $72 million in its series C funding round led by global technology fund B Capital Group and Falcon Edge Capital, a New York-based hedge fund. Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capital India and Qualcomm Ventures, the investment arm of Qualcomm Inc, also participated in the round.

Mint

IndusLaw advised Wickedride Adventure Services Private Limited (which operates Bounce), and Accel Partners India, Accel Partners USA, Omidyar Network’s ON Mauritius, Qualcomm Asia Pacific Pte Ltd;;. The team was led by senior partner Srinivas Katta and partner Pallavi Kanakagiri. It also included senior associate Anantha Krishnan Iyer, associate Abhishresth Goswami and associate Adarsh Kumar.

(Link Legal India Law Services and Rajaram Legal had advised Wickedride on a previous funding round, with Rajaram as its deal counsel, but it is understood that Wickedride went with Indus due to a potential conflict issue this round).

J Sagar Associates (JSA) Gurgaon partner Manvinder Singh, with lawyers Anant Mishra, Divyam Sharma and Aman Parnami advised B Capital Asia II Ltd.

Goodwin Procter Hong Kong partner Yash A Rana, with lawyers Ananth Lakshman and Abhishek Krishnan advised Falcon Edge India I LP.

Shardul Amarchand Mangaldas partners Raghubir Menon and Ekta Gupta, with lawyers Tanya Choudhary and Srishti Maheshwari acted for Maverick Ventures.

Themis Associates Bangalore lawyers Siddharth Seshan, Utsav Gandhi and Shivani Setty acted for Sequoia Capital India and Chiratae Trust.

2019-06-01

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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