Alpha Vector India’s grown Bicycle brand Frog raised an undisclosed capital from the giants Avaana capital and Titan Capital.
Titan Capital is the investment arm of Snapdeal Co-Founders Kunal Bahl, and Rohit Bansal stepped up, making their entry into space of Retail Bicycling.
With financing, Frog plans to expand the range of products by launching an electric bike in the market. In light of Central Governments Make in India Initiative, Alpha Venture is planning to invest in the manufacturing facility to produce more than one million cycles annually.
In addition to the offline channels with presence over 250 cities and 600+ retail points, the startup, Frog Bikes, also sell Bicycles with free shipping through its official online portal.
Frog – cycling products
Startup company, the Frog, claims to be India’s first company to make “3.0 High stability Tyres cycle and first Magnesium Light-weight Bicycle.” with this, AlphaVector plans to disrupt the buying experience from retail to after-sales service support by raising $8Mn to $10 Mn in future to support company’s growth plans to become the most preferred brand in the industry.
Changing Trends in the Industry
Indian Governments push towards electric vehicles reflects the positive mood of the industry where the bike and bicycle startups are gaining good interest from the investment community.
Splendid amount of funding managed from investors by startups in this niche like Yulu and Vogo, by offering bicycles on a rental basis that shows the change in the trend.
