About Kuaidi Dache
Kuaidi Dache is a company based in Hangzhou (China) founded in 2012. Kuaidi Dache has raised $977 million across 6 funding rounds from investors including Weibo, Alibaba Group and eHi Car Services. Kuaidi Dache operates in a competitive market with competitors including Didi, UCAR, Didachuxing, T3 Travel and Shouqi Limousine & Chauffeur, among others.
- Headquarter Hangzhou, 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
$977 M (USD)
in 6 rounds
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Latest Funding Round
$142 M (USD), Series D
May 27, 2015
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Investors
Weibo
& 3 more
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Employee Count
Employee Count
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Funding Insights of Kuaidi Dache
Kuaidi Dache has successfully raised a total of $977M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $142 million completed in May 2015. 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 6
- Last Round Series D — $142.0M
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First Round
First Round
(01 Apr 2013)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2015 | Amount | Series D - Kuaidi Dache | Valuation |
investors |
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| Jan, 2015 | Amount | Series D - Kuaidi Dache | Valuation | Alibaba Group , SoftBank Capital |
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| Oct, 2014 | Amount | Series C - Kuaidi Dache | Valuation |
investors |
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Investors in Kuaidi Dache
Kuaidi Dache has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Weibo, Alibaba Group and eHi Car Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Micro-blogging platform for real-time updates and multimedia sharing is operated.
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Founded Year | Domain | Location | |
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Conglomerate group operating a portfolio of businesses
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Founded Year | Domain | Location | |
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PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by Kuaidi Dache
Financial Statements - Kuaidi Dache
Kuaidi Dache Comparisons
Competitors of Kuaidi Dache
Kuaidi Dache 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 Didi, UCAR, Didachuxing, T3 Travel and Shouqi Limousine & Chauffeur, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 |
Cab services are booked via an online platform across China.
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| domain | founded_year | HQ Location |
Taxi booking services are facilitated via a mobile app platform.
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| domain | founded_year | HQ Location |
Ride-hailing services are facilitated via an AI-enabled platform.
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| domain | founded_year | HQ Location |
High-end app-based car hailing services are provided in China.
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Frequently Asked Questions about Kuaidi Dache
Kuaidi Dache was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Kuaidi Dache is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Kuaidi Dache is a funded company, having raised a total of $977M across 6 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Apr 01, 2013.
Kuaidi Dache, backed by Alibaba.com, is a Chinese taxi-hailing app (iPhone and Android) with a tipping function, allowing passengers to give drivers an extra 5 to 20 yuan. Customers can bid a price they are willing to pay the drivers. Launched in September 2012, the app currently has nearly 5M registered users, including 200k taxi drivers. According to its latest Quarterly report, by Mar 31, 2014, Kuaidi Taxi had covered 261 cities including all the provincial capitals, with 650 QoQ growth rate. The number of daily transaction reached 6.23 million, 20.7 times of one year ago. The company got merged with Didi Dache and the merged entity is been renamed to Didi Chuxing.
Kuaidi Dache's top competitors include Didi, Didachuxing and UCAR.
Kuaidi Dache has 4 investors. Key investors include Weibo, Alibaba Group, eHi Car Services, and SoftBank.