Bounce Infinity raises $20 Mn from Sequoia, others after laying off 3-4% workforce


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Bike rental and EV startup Bounce Infinity has reportedly raised $20 Mn (INR 163 Cr) from existing investors including Sequoia Capital. The proceeds from the round will provide Bounce a cash runway while it continues to be in discussions for a strategic sale or even a larger fundraising round with external investors, sources told the Economic Times.