Metro Bikes, a rental start-up for scooters and motorcycles, has raised $12.2 million in a Series A funding round led by Sequoia Capital India and Accel Partners, which will help the start-up develop technologies and expand into newer markets.

— Mint

Link Legal India Law Services advised Wickedride Adventure Services Private Limited (Metro Bikes) and its promoter led by a team of partner K Venkat Satyanarayana; associate Rashmi Menon.

Rajaram Legal also represented Wickedride Adventure Services Private Limited.

Themis Associates represented the lead investors.

Update 28 June 2019: Poovayya & Co advised Geetham Shares and Securities Private Limited, which is the family office of existing investor Chandrasekhar Gopalan, led by a team of partner Rohan Kumar.

Deal value: Raised around INR 62.13 Crore in aggregate in Series A round of funding.

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.