About Bochewang
Bochewang is a company based in Beijing (China) founded in 2014.. Bochewang has raised $46.1 million across 2 funding rounds from investors including China Pacific Insurance, Ping An and Far East Horizon. Bochewang has completed 1 acquisition, including Fairlubo. Bochewang operates in a competitive market with competitors including Carro, Souche, Uxin, Automobile industry Internet platform Daxu and Cheyipai, among others.
- Headquarter Beijing, China
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.1 M (USD)
in 2 rounds
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Latest Funding Round
$30 M (USD), Series B
Jan 22, 2016
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Investors
China Pacific Insurance
& 6 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Bochewang
Bochewang has successfully raised a total of $46.1M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in January 2016. 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 2
- Last Round Series B — $30.0M
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First Round
First Round
(20 May 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series B - Bochewang | Valuation | China Pacific Insurance | |
| May, 2015 | Amount | Series A - Bochewang | Valuation | New Horizon Capital , Fosun RZ Capital |
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| 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 Bochewang
Bochewang has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include China Pacific Insurance, Ping An and Far East Horizon. 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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Growth stage companies are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on retail tech, mobile tech, and multiple sectors
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Founded Year | Domain | Location | |
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Early & growth stage centric tech-focused VC firm investing in China and the US
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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 Bochewang
Bochewang has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Fairlubo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Accident-damaged cars are auctioned to dealers via membership platform.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bochewang
| 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 |
Bochewang Comparisons
Competitors of Bochewang
Bochewang 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 Carro, Souche, Uxin, Automobile industry Internet platform Daxu and Cheyipai, 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 |
Full-stack marketplace services for car ownership are provided.
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| domain | founded_year | HQ Location |
O2O-based used car transaction platform
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| domain | founded_year | HQ Location |
Used cars are auctioned online through a B2C platform.
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| domain | founded_year | HQ Location |
SaaS-driven dealership management solutions for automotive dealerships
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| domain | founded_year | HQ Location |
B2B used car trading platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Bochewang
When was Bochewang founded?
Bochewang was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Bochewang located?
Bochewang is headquartered in Beijing, China.
Is Bochewang a funded company?
Bochewang is a funded company, having raised a total of $46.1M across 2 funding rounds to date. The company's 1st funding round was a Series A of $16.1M, raised on May 20, 2015.
What does Bochewang do?
Bochewang was founded in 2014 and is based in Beijing, China. A web platform is provided for auctions of second-hand cars that have been restored, focusing on vehicles damaged in accidents. When repair costs exceed vehicle value, insurance companies direct owners to auction the cars to repair shops. Operations are claimed in 35 cities, with over 10,000 registered repair shops participating.
Who are the top competitors of Bochewang?
How many acquisitions has Bochewang made?
Bochewang has made 1 acquisition, including Fairlubo.
Who are Bochewang's investors?
Bochewang has 7 investors. Key investors include China Pacific Insurance, Ping An, Far East Horizon, FRZ Capital, and NH Fund.