Qualcomm Ventures-backed bicycle sharing platform Bounce has reportedly raised $120m of a $200m round expected to be mostly funded by existing investors.

Wickedride Adventure Services, the owner of India-based bicycle and scooter rental service Bounce, which counts mobile semiconductor maker Qualcomm as an investor, is raising $200m in funding, TechCircle reported yesterday. Bounce has already secured an initial $120m according to people familiar with the matter, who specified that Accel, B Capital Group and other existing backers…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.