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TechCrunch Startup News
Bounce bags $19M to expand its traveler convenience network
Nov 13, 2024
Cody Candy, Co-founder and CEO of Bounce, shares insights into revolutionizing luggage storage for travelers. With a recent $19M funding boost, Bounce plans to expand its services and enhance convenience in global travel. Candy discusses the impressive 20x revenue growth since their last funding round and emphasizes the startup's focus on tapping into rental and sharing economies. His vision highlights the evolving landscape of travel convenience, making it easier for wanderers to explore their destinations without the baggage.
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Quick takeaways
- Bounce raised $19 million in Series B funding to strategically expand its luggage storage network across the Asia-Pacific region.
- The startup aims to enhance traveler convenience by integrating services like luggage storage into hotels and developing a mobile app for on-demand access.
Deep dives
The Rise of Bounce in Travel Convenience
Bounce, a startup specializing in luggage storage, has experienced significant growth, securing $19 million in Series B funding to enhance its services. The company's revenue has surged by 20 times since its Series A round, and it is focusing on market expansion, particularly in the Asia-Pacific region, where demand is growing rapidly. By analyzing user data, Bounce identifies high-demand locations for service expansion, ensuring strategic placement near key travel points like train stations. The startup aims to amplify its presence from 13,000 to around 30,000 locations by the end of 2026, emphasizing quality service in areas frequented by travelers.
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