About ONN Bikes
ONN Bikes is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2015 by Namit Jain. On-demand two-wheeler rentals and rent-to-own options are provided. ONN Bikes has raised $7.48 million across 6 funding rounds from investors including Venture Catalysts, Z Nation Lab and Narnolia. The company has 6 employees. ONN Bikes was last valued at $5.88 million in July 2018. Its chief executive, as recorded, is Namit Jain. Its website onnbikes.com draws about 177 thousand monthly visits. Its Indian entity Motocruizer Technologies India Private Limited reported revenue of ₹3.00 Cr. ONN Bikes offers products and services including Bike Rental Service and Scooty Rental Service. Its focus areas include Consumer, Road Transport Tech, Self Drive Rentals and Motorized Two-Wheeler. Its competitors include Vogo, Ridobiko and Ontrack; 3 of its 3 listed competitors have raised funding.
Company details
ONN Bikes was founded in 2015 in Mumbai, India, as a platform in the two-wheeler mobility sector. On-demand rentals and rent-to-own options are facilitated through flexible daily, monthly, and quarterly booking plans. Vehicles are accessed and managed via a mobile application, including payments and rental oversight. Maintenance and sanitization services are handled at dedicated stations, while safety measures incorporate protocols and on-demand helmet availability.
- Headquarters Mumbai, India
- Employees 6
- Founders Namit Jain
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Website category Vehicles · Motorcycles
- Email••••••••
- Phone•••• ••••
- Website onnbikes.com
- Social LinkedIn X Facebook
- Legal Name Motocruizer Technologies India Private Limited
- Date of Incorporation 26 Oct, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.00 Cr
FY 2023 · -12% YoY
- Net Loss-₹92.5 Lakh
FY 2023 · -31% margin
- EBITDA-₹38.7 Lakh
FY 2023 · -13% margin
- Total Equity Funding$7.48M (USD)
in 6 rounds
- Latest Funding Round$6.21M (USD), Angel Round
Dec 2018
- InvestorsVenture Catalysts
& 56 more
- Employee Count6
Associated legal entities of ONN Bikes
ONN Bikes operates through Motocruizer Technologies India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Motocruizer Technologies India Private Limited CIN U74999MH2015PTC269558 | Active | 26 Oct 2015 | Mumbai, Maharashtra | ₹3.0 Cr | 6 | 4 | View details |
Products & Services of ONN Bikes
ONN Bikes offers a comprehensive portfolio of products and services, including Bike Rental Service and Scooty Rental Service.
Platform for renting bikes with flexible daily and monthly plans
Service for renting scooties at low hourly rates with zero deposit
Funding Insights of ONN Bikes
ONN Bikes has successfully raised a total of $7.48M across 6 strategic funding rounds. The most recent funding activity was a Angel Round of $6.21 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $7.48M
- Total Rounds 6
- Last Round Angel Round — $6.21M
- First Round $100,000
(Oct 2016)
- Investors Count 57
All 6 funding rounds of ONN Bikes with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $6.21M | Angel Round | – | Venture Catalysts | – |
| Jul 2018 | $181,746 | Angel Round | $5.88M | Anil Kothari, Shradha Manish Mehta | – |
| Dec 2017 | Seed | – | – | ||
| Nov 2017 | $687,964 | Seed | $6.09M | Z Nation Lab | |
| Nov 2016 | $293,850 | Seed | $••••• | Grace Capital Group | |
| Oct 2016 | $100,000 | Seed | $••••• | Z Nation Lab, Surbhi Jain |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2018 | $5.88M | •••••••• |
| Nov 2017 | $6.09M | •••••••• |
| Nov 2016 | $••••• | •••••••• |
Full valuation and stage history of ONN Bikes
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $5.88M (Jul 2018). 57 investors in total: 13 institutional and 44 angel.
Investors in ONN Bikes
ONN Bikes has secured backing from 57 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Venture Catalysts, Z Nation Lab and Narnolia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Venture capital firm focused on early-stage companies | gauravsinghviventures.com | Surat, India | ||
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
Multiple sectors are incubated by the foundation in Mumbai, India. | jitojiif.com | Mumbai, India | ||
Early-stage tech startups are funded by Gaurav Singhvi Ventures. | gauravsinghviventures.tcc.mode | |||
Business solutions for retailers are provided by Vista Business Ventures. | vistabusinessventures.tcc.mode | Mumbai, India | ||
Multi-asset trading platform | 1997 | narnolia.com | Kolkata, India | |
Limited information available | touchstone-ventures.com | Singapore, Singapore | ||
Data analytics and research & development services are provided worldwide. | 1995 | metaform.com | Charlottesville, United States | |
Brand of consumer electronic products | pivotalenterprise.tcc.mode |
Investor details for ONN Bikes
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Board of directors of Motocruizer Technologies India Private Limited (ONN Bikes)
Motocruizer Technologies India Private Limited is the primary company behind ONN Bikes. The board of Motocruizer Technologies India Private Limited currently have 4 directors; the longest-serving is Namit Jain, appointed in 2015. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Namit Jain DIN 07274151 | Director | 26 Oct 2015 | 11 yrs | Motocruizer Technologies India Private Limited |
| Nitish Naresh Seth DIN 09271708 | Director | 04 Jan 2024 | 2 yrs 9 mo | Motocruizer Technologies India Private Limited |
| Akshay Jain DIN 05105598 | Nominee Director | 03 Jun 2024 | 2 yrs 4 mo | Motocruizer Technologies India Private Limited |
| Nitesh Ramesh Aggarwal DIN 06848632 | Nominee Director | 03 Jun 2024 | 2 yrs 4 mo | Motocruizer Technologies India Private Limited |
People of ONN Bikes
6 people are tracked at ONN Bikes (2 in leadership, 4 in team); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
CA Nitish Seth | Chief Business and Finance Officer | Leadership |
JITU SINGH | Area Manager | Team |
kashyap khemani | Operations Manager | Team |
Rajashekar Reddy | Project Manager | Team |
Ashish lakhera | Operations office Executive | Team |
Complete people profiles for ONN Bikes
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Financials of ONN Bikes
Figures of Motocruizer Technologies India Private Limited, the primary company behind ONN Bikes, for FY 2023. Revenue was ₹3.00 Cr (-12% year on year). Net loss was -₹92.5 Lakh (-31% margin). EBITDA was -₹38.7 Lakh (-13% margin). Revenue has grown at a compounded annual rate of -33% over three years and -15% over five years.
- ₹3.00 CrRevenue · FY 2023 · -12% YoY
- -₹92.5 LakhNet loss · -31% margin
- -₹38.7 LakhEBITDA · -13% margin
- ₹10.8 LakhPaid-up capital
- 6Employees (provident fund records)
- -33%Revenue CAGR, 3 years
- -15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Motocruizer Technologies India Private Limited are on its company page.
Detailed financial statements for ONN Bikes
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of ONN Bikes
4 dated milestones of ONN Bikes across 3 years, from founding to its latest funding, stage changes and deals.
- Founded ONN Bikes is founded.
- Funding First funding round of $100K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $6.2M.
Competitors of ONN Bikes
ONN Bikes has 3 listed competitors in our database, 3 of them funded. They include Vogo, Ridobiko and Ontrack.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vogo.in | 2015 | Bengaluru, India | $158.29M | 1 | On-demand scooter rentals are facilitated via mobile app in India. | |
| ridobiko.com | 2016 | Delhi, India | $13,575 | Motorbikes are rented online via a station-based booking platform. | ||
| on-track.in | 2016 | Bengaluru, India | $202,962 | Ontrack is engaged in two-wheeler rental and financing services. |
Detailed competitors of ONN Bikes
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Web traffic of ONN Bikes
The website of ONN Bikes (onnbikes.com) receives about 177.2K visits a month and ranks #227,281 among all websites worldwide, #5,216 in Motorcycles.
- Monthly visits177.2K
▲ 12.5% vs previous month
- Unique visitors99.2K
per month
- Global rank#227,281
among all websites
- Category rank#5,216
Vehicles · Motorcycles
- Bounce rate30%
- Pages per visit3.3
- Average visit1 min 31 sec
- DevicesDesktop 13% · Mobile 87%
Websites whose visitors overlap most with ONN Bikes. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
freedo.rentals | freedo.rentals | 100% | #283,306 | – | |
gearzvehicle.com | gearzvehicle.com | 79% | #328,292 | – | |
| twistthrottle.in | 79% | #730,165 | View details | ||
| bikehirechennai.com | 68% | #3,319,537 | View details | ||
| bikewale.com | 68% | 62M | #701 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for ONN Bikes
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- 18 similar websites
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Top companies in Road Transport Tech
3 companies that operate in the same segment as ONN Bikes (Road Transport Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 798.05 M | USD 19.11 M | 817 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M |
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Related news about Onn Bikes
Complete news archive for ONN Bikes
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Frequently Asked Questions about ONN Bikes
ONN Bikes was founded in 2015 and raised its 1st funding round 1 year after it was founded.
ONN Bikes is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Namit Jain is the CEO of ONN Bikes, as recorded in our data. They have also founded this company.
ONN Bikes is a funded company, having raised a total of $7.48M across 6 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Oct 2016.
ONN Bikes has 6 employees.
The primary company behind ONN Bikes, Motocruizer Technologies India Private Limited, reported revenue of ₹3.00 Cr for FY 2023, down 12% year on year.
ONN Bikes was founded in 2015 in Mumbai, India, as a platform in the two-wheeler mobility sector. On-demand rentals and rent-to-own options are facilitated through flexible daily, monthly, and quarterly booking plans. Vehicles are accessed and managed via a mobile application, including payments and rental oversight. Maintenance and sanitization services are handled at dedicated stations, while safety measures incorporate protocols and on-demand helmet availability.
ONN Bikes offers Bike Rental Service and Scooty Rental Service.
ONN Bikes has 57 investors. Key investors include Venture Catalysts, Z Nation Lab, Narnolia, Metaform, and Grace Capital Group.
The valuation of ONN Bikes is $5.88M as of Jul 2018.
ONN Bikes operates through Motocruizer Technologies India Private Limited.