Baaz Bikes is set to raise a ₹46.22 crore Series B round led by BIG Capital. Kalaari Capital and Aravind Sanka will also participate. The company runs an electric scooter subscription service for gig workers.
Investor split and valuation
BIG Capital will invest ₹38 crore. Kalaari Capital will invest ₹8 crore, and Aravind Sanka will cover the rest. Entrackr estimates the post-money valuation at about ₹325 crore (US$34 million).
What gig workers get
Baaz Bikes provides electric scooters on a subscription basis. Delivery partners from platforms such as Zomato, Swiggy, Zepto, and Amazon use the service. The subscription includes battery swaps and avoids upfront EV purchase costs.
Company and funding
Baaz Bikes was founded by Anubhav Sharma and Shubham Srivastava. It had raised about US$12 million before this Series B. That total includes an extended Series A in July 2025.
The fresh funds will go toward capital expenditure. The company also plans to spend on product development and working capital. Additional capital may be added as the round progresses.
Read more: entrackr.com