WheelsEMI Pvt. Ltd, which operates two-wheeler sales and financing startup Bike Bazaar, has raised about $21.4 million (Rs 170 crore) in its Series D funding round led by Women’s World Banking Asset Management, per media reports.
According to a report in VCCircle, Bike Bazaar will use the funding proceeds to grow its co-lending business across the two-wheeler segment, expand its geographical footprint and scale its electric vehicle business.