About Gofun
Gofun is a company based in Beijing (China) founded in 2015.. Gofun has raised $46.38 million across 3 funding rounds from investors including Volkswagen Group and Harvest Investments. Gofun operates in a competitive market with competitors including TIER, eHi Car Services, Zuche, Izuche and Ponycar, among others.
- Headquarter Beijing, China
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Sectors
Transportation, Automotive & LogisticsTravel & Hospitality
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Email
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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
$46.38 M (USD)
in 3 rounds
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Latest Funding Round
$14.85 M (USD), Series B
Oct 16, 2020
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Investors
Volkswagen Group
& 1 more
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Employee Count
Employee Count
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Funding Insights of Gofun
Gofun has successfully raised a total of $46.38M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $14.85 million completed in October 2020. 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 3
- Last Round Series B — $14.8M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series B - Gofun | Valuation |
investors |
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| Jun, 2017 | Amount | Series A - Gofun | Valuation | Harvest | |
| Jun, 2016 | Amount | Seed - Gofun | Valuation | Volkswagen Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 Gofun
Gofun has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Volkswagen Group and Harvest Investments. 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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Harvest Investments is focused on financial instrument valuation solutions.
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Founded Year | Domain | Location | |
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Passenger and commercial vehicles are manufactured globally by Volkswagen Group.
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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 Gofun
| 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 |
Financial Statements - Gofun
| 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 |
Gofun Comparisons
Competitors of Gofun
Gofun 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 TIER, eHi Car Services, Zuche, Izuche and Ponycar, 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 |
Electric kick-scooters are rented through a mobile app platform.
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| domain | founded_year | HQ Location |
Online car rentals are offered to retail and corporate clients.
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| domain | founded_year | HQ Location |
Online car rental platform
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| domain | founded_year | HQ Location |
Online platform for renting self-drive cars
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| domain | founded_year | HQ Location |
Electric vehicles are rented self-drive on a per-minute basis.
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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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Latest news on Gofun
Frequently Asked Questions about Gofun
When was Gofun founded?
Gofun was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Gofun located?
Gofun is headquartered in Beijing, China.
Is Gofun a funded company?
Gofun is a funded company, having raised a total of $46.38M across 3 funding rounds to date.
What does Gofun do?
Gofun was founded in 2015 in Beijing, China, as a provider in the mobility sector. An online platform is operated for self-drive car rentals, allowing users to locate, book, and unlock vehicles through a mobile app. Hourly rental services are offered, along with features including multiple payment methods and real-time vehicle information. Vehicles are required to be returned to designated parking areas at the end of each use.
Who are the top competitors of Gofun?
Gofun's top competitors include TIER, Zuche and eHi Car Services.
Who are Gofun's investors?
Gofun has 2 investors. Key investors include Volkswagen Group, and Harvest Investments.