• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, June 23, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

ONN Bikes Raises Funding From Grace Capital Ventures

by Chinmay Bidkar
December 5, 2016
in News
Reading Time: 1 min read
0
ONN Bikes Raises Funding From Grace Capital Ventures
TwitterWhatsappLinkedin

ONN Bikes

You might also like

Apple Eyes AI Startup Perplexity in Acquisition Discussions

Texas Enacts Statewide Ban on Student Cellphone Use During School Hours

FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

5 December 2016, India :

On-demand bike rental platform ONN Bikes has raised an undisclosed amount of funding from Grace Capital Ventures. The six months old startup, launched in May 2016 by Namit Jain and Shanky Munoth was a part of the incubator launched by Z National Labs.

“We started in June 2016 and till mid October, we were only dealing with the B2B market. Our focus was to have certain revenues coming into the system to stabalise in the B2B segment, and then get into B2C, where lots of cash burning is involved. We tied up with companies such as Ecom Express, Swiggy, Ola and Uber, who take bikes from us on a lease basis,” said Jain while talking to vccircle.

Onn Bikes delivers self-driven bikes at your door step within 30 minutes of order. It has an exciting range of bikes from gearless trendy scooters to stylist sports bikes ranging between as low as Rs. 99 for 4 hours and as high as Rs. 999 for a week.

The company plans to utilize the fresh funds for business expansion in Jaipur and Pune and around 54 more cities and tourist destinations in next couple of years. ONN aims to develop its technological base to further minimize human involvement in the routine ground operations.

Also read-
THE ARTIFICIAL LEAF THAT CONVERTS CARBON DIOXIDE TO FUEL
MR. HOT FOODS HAS RAISED AN UNDISCLOSED AMOUNT OF SEED FUNDING
Tags: fundingInvestmentNamit JainONN BikesShanky Munothstartup
Tweet54SendShare15
Previous Post

This is How BlackBerry’s Last Phone Looks!

Next Post

Amazon Go Lets You Pick Up Goods And Walk Out Of The Store !

Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

Recommended For You

Apple Eyes AI Startup Perplexity in Acquisition Discussions

by Sneha Singh
June 23, 2025
0
Apple Eyes AI Startup Perplexity in Acquisition Discussions

Apple executives are quietly exploring the possibility of acquiring artificial intelligence startup Perplexity AI, according to sources familiar with the matter. The tech giant's interest stems from its...

Read more

Texas Enacts Statewide Ban on Student Cellphone Use During School Hours

by Harikrishnan A
June 23, 2025
0
Can the iPhone Be Made in America? Trump Thinks So — But Reality Tells a Different Story

A new law in Texas is about to change what school days look like for thousands of students. Signed by Governor Greg Abbott, House Bill 1481 (HB 1481)...

Read more

FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

by Harikrishnan A
June 23, 2025
0
FBI Warns Americans to Delete Fraudulent DMV Scam Texts Amid 700% Surge in Attacks

A new wave of scam text messages pretending to be from state Departments of Motor Vehicles (DMVs) is sweeping across the United States, prompting a serious warning from...

Read more
Next Post
Amazon Go Lets You Pick Up Goods And Walk Out Of The Store !

Amazon Go Lets You Pick Up Goods And Walk Out Of The Store !

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?