Co-founder of unicorn InMobi is launching a bike-sharing startup in India


Over in India, there are a handful of startups working to get the country’s billion-person population on bikes. One of them is Yulu, co-founded by Amit Gupta, who formerly co-founded profitable, billion-dollar startup InMobi.

In the next three to four weeks, Yulu will launch its bike-sharing service in Bangalore with a few hundred bicycles. Yulu is starting with regular, dockless bicycles that people can rent using their iOS or Android phone. The bikes unlock via QR codes and bill the rider for every 30 minutes of use.

In order to achieve scale, Yulu is working with local city governments in India to create more dedicated bike lanes as well as working with agencies to carve out places that are safe to park the bikes.

Bike-sharing has become a hot space for founders and VCs alike….

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