About RenRenChe
RenRenChe is a company based in Beijing (China) founded in 2014.. RenRenChe has raised $760 million across 7 funding rounds from investors including Didi, Tencent and Goldman Sachs. RenRenChe operates in a competitive market with competitors including Carro, Guazi, Souche, Autohome and Uxin, 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
$760 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Didi
& 8 more
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Employee Count
Employee Count
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Funding Insights of RenRenChe
RenRenChe has successfully raised a total of $760M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(01 Apr 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series F - RenRenChe | Valuation |
investors |
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| Apr, 2018 | Amount | Series E - RenRenChe | Valuation | Goldman Sachs | |
| Sep, 2017 | Amount | Series D - RenRenChe | Valuation | Didi |
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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 RenRenChe
RenRenChe has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Didi, Tencent and Goldman Sachs. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Global investments are managed in new energy and asset sectors.
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Founded Year | Domain | Location | |
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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 RenRenChe
| 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 - RenRenChe
| 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 |
Renrenche Comparisons
Competitors of RenRenChe
RenRenChe 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, Guazi, Souche, Autohome and Uxin, 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 |
Online P2P marketplace for used cars
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| domain | founded_year | HQ Location |
O2O-based used car transaction platform
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| domain | founded_year | HQ Location |
Automotive website providing the car related information
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| domain | founded_year | HQ Location |
Used cars are auctioned online through a B2C 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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Latest news on Renrenche
Frequently Asked Questions about RenRenChe
When was RenRenChe founded?
RenRenChe was founded in 2014.
Where is RenRenChe located?
RenRenChe is headquartered in Beijing, China.
Is RenRenChe a funded company?
RenRenChe is a funded company, having raised a total of $760M across 7 funding rounds to date. The company's 1st funding round was a Series D of $200M, raised on Apr 01, 2014.
What does RenRenChe do?
RenRenChe is a P2P used car online transaction services website. Sellers put a request on the site and their vehicle is examined, checked for quality by in-house professionals and the best price is advised. Service for sellers is free. Buyers are charged for value added services like condition testing as well as a service fee which is 3 of the purchase price amount to a maximum of 8000 yuan. Since its initial launch, RenRenChe claims that it has been able to facilitate more than 200,000 used car transactions. In July 2015, the company said that it was able to complete 18,000 transactions. RenRenChe entered a partnership agreement with Taunchewang. The partnership would allow RenRenChe to create 1,000 offline automobile service centres to make its service available to the broader public, not just the online community. RenRenChe is also cooperating with Weizhong Bank, and PingAn Bank to facilitate auto loans for its users.
Who are the top competitors of RenRenChe?
Who are RenRenChe's investors?
RenRenChe has 9 investors. Key investors include Didi, Tencent, Goldman Sachs, Prometheus Capital, and CMIG.
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