About ONN Bikes
ONN Bikes is a company based in Mumbai (India) founded in 2015 by Namit Jain.. 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 as of March 24, 2024. ONN Bikes offers products and services including Bike Rental Service and Scooty Rental Service. ONN Bikes operates in a competitive market with competitors including Vogo, Ridobiko, Ontrack, Ghoom and Bykemania, among others.
- Headquarter Mumbai, India
- Employees 6 as on 24 Mar, 2024
- Founders Namit Jain
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Motocruizer Technologies India Private Limited
- Date of Incorporation 26 Oct, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$361.12 K (USD)-12.33as on Mar 31, 2023
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Net Profit
$-111.22 K (USD)60.54as on Mar 31, 2023
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EBITDA
$-46.52 K (USD)84.29as on Mar 31, 2023
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Total Equity Funding
$7.48 M (USD)
in 6 rounds
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Latest Funding Round
$6.21 M (USD), Angel Round
Dec 01, 2018
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Investors
Venture Catalysts
& 56 more
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Employee Count
6
as on Mar 24, 2024
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Products & Services of ONN Bikes
ONN Bikes offers a comprehensive portfolio of products and services, including Bike Rental Service and Scooty Rental Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for renting bikes with flexible daily and monthly plans
Service for renting scooties at low hourly rates with zero deposit
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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 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 Total Funding
- Total Rounds 6
- Last Round Angel Round — $6.2M
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First Round
First Round
(12 Oct 2016)
- Investors Count 57
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Angel Round - ONN Bikes | Valuation | Venture Catalysts |
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| Jul, 2018 | Amount | Angel Round - ONN Bikes | Valuation | Anil Kothari , Shradha Manish Mehta |
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| Dec, 2017 | Amount | Seed - ONN Bikes | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage companies
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Founded Year | Domain | Location | |
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Startup accelerator
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ONN Bikes
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ONN Bikes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Onn Bikes Comparisons
Competitors of ONN Bikes
ONN Bikes operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vogo, Ridobiko, Ontrack, Ghoom and Bykemania, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
On-demand scooter rentals are facilitated via mobile app in India.
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| domain | founded_year | HQ Location |
Motorbikes are rented online via a station-based booking platform.
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| domain | founded_year | HQ Location |
Ontrack is engaged in two-wheeler rental and financing services.
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| domain | founded_year | HQ Location |
Operates an app-based platform for electric scooter rental services.
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| domain | founded_year | HQ Location |
Offers self-drive motorbike rental services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Onn Bikes
Frequently Asked Questions about ONN Bikes
When was ONN Bikes founded?
ONN Bikes was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is ONN Bikes located?
ONN Bikes is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of ONN Bikes?
Namit Jain is the current CEO of ONN Bikes. They have also founded this company.
Is ONN Bikes a funded company?
ONN Bikes is a funded company, having raised a total of $7.48M across 6 funding rounds to date.
How many employees does ONN Bikes have?
As of Mar 24, 2024, the latest employee count at ONN Bikes is 6.
What is the annual revenue of ONN Bikes?
Annual revenue of ONN Bikes is $361.12K as on Mar 31, 2023.
What does ONN Bikes do?
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.
Who are the top competitors of ONN Bikes?
ONN Bikes's top competitors include Vogo, Exa Mobility and Ridobiko.
What products or services does ONN Bikes offer?
ONN Bikes offers Bike Rental Service and Scooty Rental Service.
Who are ONN Bikes's investors?
ONN Bikes has 57 investors. Key investors include Venture Catalysts, Z Nation Lab, Narnolia, Metaform, and Grace Capital Group.
What is ONN Bikes's valuation?
The valuation of ONN Bikes is $5.88M as of Jul 2018.