Indian car sharing startup Drivezy is nearing to complete a 432 crore rupees ($60.3 million) funding round.

Drivezy, which expects to close the latest round by end-January, could be valued at about $400 million.

The investments will come from backers including Japanese investment firm Das Capital, IT-Farm Corp, U.S.-based Bain Capital and European investment firm Accent Equity Partners.

The round came as Drivezy is seeking to boost its vehicle sharing platform, particularly its two-wheeler segment. Last month, Drivezy closed $20 million in Series B funding round.