Bicycle sharing platform Hellobike has entered discussions with SoftBank for an investment as part of a $400m round that would value it at $2bn.
Telecommunications and internet group SoftBank is set to invest in China-based bicycle rental service Hellobike at a $2bn valuation, in a round expected to reach $400m, Reuters reported today.
Private equity firm Primavera Capital will also participate in the round, people with knowledge of the matter told Reuters. SoftBank’s discussions with Hellobike were originally reported by The Information yesterday.
Founded in 2016, Hellobike operates an app-based bicycle sharing service with more than 200 million registered users that focuses on third…
