# Bike Bazaar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bike-bazaar

- Industry: Financial Services
- Headquarters: Pune, India
- Website: www.bikebazaar.com
- Total disclosed funding: $58M
- Latest round: Series D (Jan 25, 2023)
- Investors on record: 8

## About

Bike Bazaar, based in India, operates as a bicycle retail platform, providing a diverse range of high-quality bicycles, accessories, and maintenance services to cycling enthusiasts.Established in 2017 in Pune, India, Bike Bazaar focuses on the retail of bicycles and related products. The company was founded by Karunakaran Vadakkepat, Phaneendra Kumar, Ratheesh Bharathan, and Srinivas Kantheti. To date, Bike Bazaar has successfully completed 11 deals and raised a total of USD 10.00 mn, including an investment from responsAbility Investments AG during their latest funding round.Bike Bazaar specializes in a comprehensive selection of bicycle products and services. Their offerings include various types of bicycles such as road bikes, mountain bikes, and electric bikes, aimed at meeting the diverse needs of cycling enthusiasts. Additionally, they offer essential accessories like helmets, lights, locks, and apparel, catering to both individual consumers and businesses, including casual riders, professional cyclists, and retailers across major metropolitan areas in North America and Europe.In the most recent fiscal year of 2022, Bike Bazaar reported a revenue of USD 20.10 mn and an EBITDA of USD 1.45 mn. The company generates income through direct-to-consumer sales and retail partnerships, employing a flexible pricing strategy that accommodates both premium and accessible products to capture a broader market.Bike Bazaar is focused on expanding its product line and entering new markets. The company plans to introduce new bicycle models and accessories over the next year. Recent funding, including an investment from the Yogesh Mahansaria Family Office, will support these initiatives, enabling the company to enhance its offerings and expand its reach into additional geographic regions.

## Funding rounds

- Series D, Jan 25, 2023, $10M — DEG, Elevar Equity, Faering Capital, Women's World Banking
- Series D, May 31, 2022, $17M — Elevar Equity, Faering Capital, Eco Power Solutions, Inc., Women's World Banking, AMP Fitness, Light Travels Llp
- Series C, Nov 3, 2020, $4M — Elevar Equity, Astra Industries and Trading Pvt Ltd
- Series C, Jun 19, 2020, $9.8M — Elevar Equity, Faering Capital
- Series B, Oct 12, 2018, $14M — Elevar Equity, Faering Capital
- Series A, Mar 24, 2017, $3.5M — Elevar Equity

## Investors

- Elevar Equity (https://capitalatlas.ai/funds/elevar-equity) — Series A, Series B, Series C, Series D
- Faering Capital (https://capitalatlas.ai/funds/faering-capital) — Series B, Series C, Series D
- Astra Industries and Trading Pvt Ltd — Series C
- Eco Power Solutions, Inc. — Series D
- Women's World Banking — Series D
- AMP Fitness — Series D
- Light Travels Llp — Series D
- DEG — Series D