About Ofo
Ofo is a company based in Beijing (China) founded in 2014 by Dai Wei. It operates as a B2C. Ofo has raised $1.87 billion across 12 funding rounds from investors including Alibaba.com, Didi and Ant Group. Ofo operates in a competitive market with competitors including Beryl, Mobike, Zoov, nextbike and HumanForest, among others.
- Headquarter Beijing, China
- Founders Dai Wei
- Stage Unicorn
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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
$1.87 B (USD)
in 12 rounds
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Latest Funding Round
$586 M (USD), Series E
Mar 13, 2018
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Investors
Alibaba.com
& 13 more
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Employee Count
Employee Count
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Funding Insights of Ofo
Ofo has successfully raised a total of $1.87B across 12 strategic funding rounds. The most recent funding activity was a Series E round of $586 million completed in March 2018. 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 12
- Last Round Series E — $586.0M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Series E - Ofo | Valuation | Alibaba | |
| Mar, 2018 | Amount | Debt – Conventional - Ofo | Valuation |
investors |
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| Jul, 2017 | Amount | Series E - Ofo | Valuation | Alibaba |
| 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 Ofo
Ofo has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba.com, Didi and Ant Group. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Diversified investments are managed across private equity and real estate.
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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 Ofo
| 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 - Ofo
| 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 |
Ofo Comparisons
Competitors of Ofo
Ofo 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 Beryl, Mobike, Zoov, nextbike and HumanForest, 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 |
Online platform providing bicycle rental services
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| domain | founded_year | HQ Location |
App-based rental platform offering bicycles
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| domain | founded_year | HQ Location |
On-demand e-bike sharing is facilitated through a mobile app platform.
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| domain | founded_year | HQ Location |
End-to-end solutions for bicycle sharing
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| domain | founded_year | HQ Location |
App-based rental platform offering e-bicycle
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| domain | founded_year | HQ Location |
Online platform offering electric bicycle sharing system
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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 Ofo
Frequently Asked Questions about Ofo
When was Ofo founded?
Ofo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Ofo located?
Ofo is headquartered in Beijing, China.
Who is the current CEO of Ofo?
Dai Wei is the current CEO of Ofo. They have also founded this company.
Is Ofo a funded company?
Ofo is a funded company, having raised a total of $1.87B across 12 funding rounds to date. The company's 1st funding round was a Series E of $700M, raised on Mar 01, 2015.
What does Ofo do?
Ofo, established in 2014, excels in providing transportation services, sharing economy, bicycle rentals, and free-float services. Operates a free-float bicycle rental platform for urban mobility. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Who are the top competitors of Ofo?
Ofo's top competitors include nextbike, HumanForest and Beryl.
Who are Ofo's investors?
Ofo has 14 investors. Key investors include Alibaba.com, Didi, Ant Group, CITIC Capital, and Tianhe Capital.
What is Ofo's valuation?
The valuation of Ofo is $2B as of Apr 2017.
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