ONN Bikes raises $692,000 funding

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Z Nation Lab’s portfolio company, ONN Bikes, raised about $692,000 in pre-series A investment from Z Nation Lab, as reported by The News Minute. Having Spoken to Namit Jain, the founder, and CEO of the company, they gathered that he was quite excited about not only the funding but also getting to tap into Z Nation Lab’s vast resource of expertise and networking opportunities. He’s confident that the mentorship will help them expand into other cities, and maybe even internationally.

ONN Bikes is a platform that allows users to book and rent two-wheeler vehicles, daily, weekly, or monthly. It has already bagged Ola, Uber, and Swiggy as its customers, and plans to further expand and become a key player in the industry.

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