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Indian bike rental startup Bounce raises $105M

Bounce, a Bangalore-based startup that operates more than 20,000 electric and gasoline dockless bikes and scooters in nearly three dozen cities in India, said today it has raised $105 million in a new funding round as it explores sustainable ways to expand within the nation and build its own electric vehicles. The new financing round, a Series D, was co-led by existing investors Eduardo Saverin’s B Capital and Accel Partners, the startup said. The new round valued Bounce at a little over $500 million, up from about $200 million in…

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