About 99
99 is a company based in Sao Paulo (Brazil) founded in 2012 was acquired by Didi in January 2018.. 99 has raised $380.5 million across 5 funding rounds from investors including Didi, SoftBank and Qualcomm Ventures. 99 offers products and services including 99 App, 99Food, and 99Pay. 99 operates in a competitive market with competitors including Uber, Didi, Lady Driver, Free Technology and Ubiz Technology, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name 99 Tecnologia Ltda
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Products & Services of 99
99 offers a comprehensive portfolio of products and services, including 99 App, 99Food, and 99Pay. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for requesting and providing transportation services
Service for ordering food from restaurants and home delivery
Platform for making and managing electronic payments
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Sales and Marketing
33 people
Product Management Team
31 people
Software Development Team
26 people
Leadership Team
19 people
Finance and Accounting
16 people
Creative and Marketing Team
12 people
Senior Team
11 people
Strategy Team
11 people
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Funding Insights of 99
99 has successfully raised a total of $380.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $137.5 million completed in July 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $137.5M
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First Round
First Round
(02 Feb 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series C - 99 | Valuation |
investors |
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| May, 2017 | Amount | Series C - 99 | Valuation | SoftBank |
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| Jan, 2017 | Amount | Series C - 99 | Valuation | Didi |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 99
99 has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Didi, SoftBank and Qualcomm Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Carveout investments are managed by Riverwood Capital in private equity.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Sectors like ad tech, food tech, logistics, services are targeted.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 99
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 99
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
99 Comparisons
Competitors of 99
99 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Uber, Didi, Lady Driver, Free Technology and Ubiz Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
An AI-enabled platform is operated for ride-hailing and on-demand services.
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| domain | founded_year | HQ Location |
App-based taxi booking platform for women
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| domain | founded_year | HQ Location |
On-demand ride-hailing app for booking, tracking, and safe transportation services.
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| domain | founded_year | HQ Location |
App-based platform for ride-hailing and driver partnerships in Brazilian cities.
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| domain | founded_year | HQ Location |
App for booking rides and transportation in various Brazilian cities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on 99
Frequently Asked Questions about 99
When was 99 founded?
99 was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is 99 located?
99 is headquartered in Sao Paulo, Brazil.
Is 99 a funded company?
99 is a funded company, having raised a total of $380.5M across 5 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Feb 02, 2015.
What does 99 do?
Founded in 2012 in Sao Paulo, Brazil, 99 operates as a ride-hailing platform within the transportation sector. Users are enabled to locate nearby cabs, view estimated fares, and book rides by submitting details through the app. Real-time driver tracking and online payments are supported. The service is accessible via an iOS mobile application, serving the Brazilian market.
Who are the top competitors of 99?
99's top competitors include Uber, Didi and Lady Driver.
What products or services does 99 offer?
99 offers 99 App, 99Food, and 99Pay.
Who are 99's investors?
99 has 6 investors. Key investors include Didi, SoftBank, Qualcomm Ventures, Riverwood Capital, and Tiger Global.
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