Ahmedabad: City-based Arjit Soni led bicycle-sharing startup MYBYK has in the maiden round of funding raised USD 1 million in pre-Series A funding from Avon Cycles and other investors, including Sanjay Baweja, ex-CFO, Flipkart, an official release from the company said. The company is targeting to increase its fleet to two million bikes by 2025.

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