Bounce, an Indian bike rental startup, is nearing to raise $200 million in an investment round from existing and new investors.
Existing investors including Accel US and B Capital Group and a U.S.-based venture capital firm, joining as a new investor, are expected to participate in the fundraising.
Of the projected $200 million investment, Bounce has already raised about $120 million in financing.
The company expects to largely use the funds to expand its existing operations within and outside the country, with a plan to launch in Australia in the next two weeks.