About Souche
Souche is a Transportation, Automotive & Logistics company based in Hangzhou (China) founded in 2012 by Yao Junhong. O2O-based used car transaction platform. Souche has raised $1.21 billion across 6 funding rounds from investors including Alibaba Group, Ant Group and CreditEase. The company has 36 employees. Souche has completed 1 acquisition, including Cheyipai. Souche was last valued at $1 billion in November 2016. Its chief executive, as recorded, is Yao Junhong. Its website souche.com draws about 134 thousand monthly visits. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Cars. Its competitors include Guazi, Autohome and Uxin; 2 of its 3 listed competitors have raised funding.
Company details
Souche was founded in 2012 in Hangzhou, China, as an O2O platform for used car transactions. Vehicles are listed according to buyer criteria like price range and model, with detailed information provided. Professional examinations are conducted, and cars can be viewed at consignment facilities. Online bargaining is supported between buyers and sellers to finalize deals, alongside after-sale services in the automotive sector.
- Headquarters Hangzhou, China
- Employees 36
- Founders Yao Junhong
- Stage Unicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website souche.com
- Social LinkedIn
- Total Equity Funding$1.21B (USD)
in 6 rounds
- Latest Funding Round$578M (USD), Series F
Sep 2018
- InvestorsAlibaba Group
& 21 more
- Employee Count36
- Investments & Acquisitions
Funding Insights of Souche
Souche has successfully raised a total of $1.21B across 6 strategic funding rounds. The most recent funding activity was a Series F round of $578 million completed in September 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 $1.21B
- Total Rounds 6
- Last Round Series F — $578M
- First Round $5.5M
(May 2013)
- Investors Count 22
All 6 funding rounds of Souche with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2018 | $578M | Series F | – | Primavera, 5Y Capital | |
| Nov 2017 | $335M | Series E | – | Alibaba Group | |
| Apr 2017 | $180M | Series D | – | Warburg Pincus | |
| Nov 2016 | $100M | Series C | – | Ant Group | |
| Sep 2013 | $14.9M | Series B | – | – | |
| May 2013 | $5.5M | Series A | – | 5Y Capital |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Souche
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $1B (Nov 2016). 22 investors in total: 22 institutional.
Investors in Souche
Souche has secured backing from 22 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba Group, Ant Group and CreditEase.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Private equity investments in China are managed by Primavera. | 2010 | primavera-capital.com | Beijing, China | |
Private equity firm focused on multiple sectors | cvpcap.com | Xuhui, China | ||
A venture capital firm focused on technology and innovation investments. | 5ycap.com | Shanghai, China | ||
Private equity investments in China are managed by Cygnus Equity. | cygnusequity.com | |||
Investment banking services, corporate financing, and capital markets operations are conducted globally. | haitongib.com | |||
Early-stage venture capital investments are provided by Ferry VC. | 2010 | ferryvc.cn | Shanghai, China | |
Lingfeng Capital is engaged in private equity fund management. | 2019 | lingfengcap.com | Beijing, China | |
| paladinasset.com | ||||
Multiple sectors are invested in by the private equity fund. | rcif.com | Moscow, Russia |
Investor details for Souche
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Souche
1 people are tracked at Souche (1 in leadership); the tracked headcount is 36.
| Name | Role | Group |
|---|---|---|
Yao Junhong | Founder and CEO | Leadership |
Complete people profiles for Souche
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Investments & Acquisitions by Souche
Souche has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cheyipai.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
B2B used car trading platform | cheyipai.com | Beijing, China | 2006 | Apr 2018 | •••• |
Complete acquisition details for Souche
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- Acquired stakes
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Timeline of Souche
5 dated milestones of Souche across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Souche is founded.
- Funding First funding round of $5.5M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Cheyipai.
- Funding Latest funding round, Series F, of $578.0M.
Competitors of Souche
Souche has 3 listed competitors in our database, 2 of them funded. They include Guazi, Autohome and Uxin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| guazi.com | 2014 | Beijing, China | $4.82B | Online P2P marketplace for used cars | ||
| autohome.com.cn | 2005 | Beijing, China | Automotive website providing the car related information | |||
| xin.com | 2011 | Shenzhen, China | $500M | Used cars are auctioned online through a B2C platform. |
Detailed competitors of Souche
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Souche
The website of Souche (souche.com) receives about 133.6K visits a month.
- Monthly visits133.6K
▼ 2.8% vs previous month
Websites whose visitors overlap most with Souche. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| baidu.com | 100% | 1.9B | #17 | View details | |
| zhihu.com | 79% | 256.5M | #158 | View details | |
soautos.com | soautos.com | 52% | – | ||
scar.com.cn | scar.com.cn | 49% | – | ||
socars.cn | socars.cn | 36% | – |
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Related news about Souche
Complete news archive for Souche
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Frequently Asked Questions about Souche
Souche was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Souche is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Yao Junhong is the CEO of Souche, as recorded in our data. They have also founded this company.
Souche is a funded company, having raised a total of $1.21B across 6 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on May 2013.
Souche has 36 employees.
Souche was founded in 2012 in Hangzhou, China, as an O2O platform for used car transactions. Vehicles are listed according to buyer criteria like price range and model, with detailed information provided. Professional examinations are conducted, and cars can be viewed at consignment facilities. Online bargaining is supported between buyers and sellers to finalize deals, alongside after-sale services in the automotive sector.
Souche has made 1 acquisition, including Cheyipai.
Souche has 22 investors. Key investors include Alibaba Group, Ant Group, CreditEase, Zuche, and Warburg Pincus.
The valuation of Souche is $1B as of Nov 2016.
The website of Souche receives about 134 thousand visits a month.