FundingMobility & Logistics
Baaz Bikes lines up ₹46 crore Series B
By Abha Lohia · Editor ·
Series BNew DelhiFounded 2019
- Baaz Bikes rents electric scooters, with battery swaps included, to delivery workers on food and grocery apps through a monthly subscription
- Its board cleared new Series B shares worth ₹46.22 crore, with BIG Capital putting in ₹38 crore and Kalaari Capital adding ₹8 crore
- The filing values the company near ₹325 crore after the money comes in, and the round may grow as more investors join
What happened
- Baaz Bikes is set to raise a Series B round.
- Its board approved 6,105 new preference shares.
- The issue price is ₹75,716 a share.
- BIG Capital leads with ₹38 crore.
- Kalaari Capital adds ₹8 crore and angel Aravind Sanka the rest.
Why it matters
- The cash goes to equipment, product work and day-to-day running costs.
- Post-money value is estimated near ₹325 crore (about $34 million).
- More money may come in as the round continues.
The business
- Baaz runs a full-stack electric mobility platform.
- It targets gig workers who deliver for large apps.
- Riders get scooters on a subscription.
- The plan includes several battery swaps.
- This removes the upfront cost of buying a vehicle.
The founders
Who put in money
- BIG Capital Lead — Puts in ₹38 crore
- Kalaari Capital Existing investor — Puts in ₹8 crore
- Aravind Sanka Investor — Takes the remaining amount
In numbers
₹46.22 CrRound size · 2026
What happens next
- More capital may be added to the round.
Words to know
- Post-money valuation
- company value right after the new money is added
The numbers around it
Mobility & Logistics in November 2026: 4 rounds with a disclosed amount, $91.0 million in all; the biggest was Ola Electric (₹600 Cr). Every sector this year →
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a listing or a sale. Each step is larger and asks for more proof. In India, Series A rounds run from a few million dollars to about $15 million, as of November 2026.
- Series B/C: Series B, C, D and later rounds are growth rounds: large cheques for a startup with a proven model that wants to expand, enter new markets or move toward profit and a listing. In India they are usually priced in CCPS and, when foreign investors take part, must follow FEMA pricing rules.
- IPO subscription: IPO subscription is the number of times investors bid for the shares on offer. A subscription of 50 times, written 50x, means bids were worth fifty times the shares available in that portion. It shows demand, not the quality of the company or the price after listing.
Read next
PartnershipDelhivery to deploy 2,000 electric vansDelhivery is a logistics company that moves parcels and freight across India with a large intra-city delivery fleetNewsOla Electric shifts from own stores to dealersOla Electric makes electric scooters and has so far sold them mainly through stores it runs itself across the countryPolicyConsumer regulator fines Ola ₹10 lakh over advance tippingOla runs a ride-hailing app in India, operated by ANI Technologies, where users book cabs, autos and bike taxis
All startup news on 13 November 2026 →
Is this Baaz Bikes? Get your “Featured on StopDown” badge →