Online two-wheeler marketplace Bike Bazaar raised $52.8 million in a mix of equity and debt

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Online two-wheeler marketplace Bike Bazaar raised $52.8 million in a mix of equity and debt in its ongoing Series D funding where $21.4 million raised as equity funding from Women’s World Banking Asset Management (WAM) and the remaining $31.4 million as debt funding from several banks as well as financial institutions in the past six months

WheelEMI is the parent company of the online two-wheeler marketplace Bike Bazaar. Its services include buying and selling used two-wheelers as well as financing for new and used two-wheelers. Bike Bazaar intends to use the funds to expand further into India’s rural cities as well as to scale its new vertical of selling and purchasing used two-wheelers. Bike Bazaar claims over 1000 touchpoints and a presence in more than 140 Indian cities. It also claims to have disbursed over 3 lakh two-wheeler loans and a gross transaction value (GTV) of over INR 1,500 Cr.

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Online two-wheeler marketplace Bike Bazaar raised $52.8 million in a mix of equity and debt

Online two-wheeler marketplace Bike Bazaar raised $52.8 million in a mix of equity and debt in its ongoing Series D funding where $21.4 million raised as equity funding from Women’s World Banking Asset Management (WAM) and the remaining $31.4 million as debt funding from several banks as well as financial institutions in the past six months

WheelEMI is the parent company of the online two-wheeler marketplace Bike Bazaar. Its services include buying and selling used two-wheelers as well as financing for new and used two-wheelers. Bike Bazaar intends to use the funds to expand further into India’s rural cities as well as to scale its new vertical of selling and purchasing used two-wheelers. Bike Bazaar claims over 1000 touchpoints and a presence in more than 140 Indian cities. It also claims to have disbursed over 3 lakh two-wheeler loans and a gross transaction value (GTV) of over INR 1,500 Cr.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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