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Exclusive: Baaz Bikes to kick off Series B round led by BIG Capital

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Exclusive: Baaz Bikes to kick off Series B round led by BIG Capital

Full-stack electric vehicle ecosystem for gig workers, Baaz Bikes is set to raise its Series B funding round led by BIG Capital, with participation from existing investor Kalaari Capital and Aravind Sanka.

The company's board has approved the issuance of 6,105 Series B preference shares at an issue price of Rs 75,716 each to raise Rs 46.22 crore, according to regulatory filings reviewed by Entrackr.

BIG Capital will lead the round with an investment of Rs 38 crore, while Kalaari Capital will contribute Rs 8 crore. The remaining amount will be invested by Aravind Sanka. The ongoing Series B round appears to be part of a larger fundraise, with the company likely to bring in additional capital as the round progresses.

According to Entrackr's estimates, the transaction pegs Baaz Bikes' post-money valuation at around Rs 325 crore ($34 million). This valuation could change if the company raises additional capital in the ongoing round.

The fresh proceeds will be used towards capital expenditure, product development, and working capital requirements, as per the company's filings.

Founded by Anubhav Sharma and Shubham Srivastava, Baaz Bikes operates a full-stack electric mobility platform focused on gig workers. The company provides electric scooters on a subscription basis to delivery partners working with platforms such as Zomato, Swiggy, Zepto and Amazon. Its subscription model also covers multiple battery swaps, helping delivery partners avoid the upfront cost of purchasing an electric vehicle.

22 crore Series B round, including its July 2025 extended Series A funding.



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