About Souche
Souche is a company based in Hangzhou (China) founded in 2012 by Yao Junhong.. Souche has raised $1.21 billion across 6 funding rounds from investors including Alibaba Group, Ant Group and CreditEase. Souche has completed 1 acquisition, including Cheyipai. Souche operates in a competitive market with competitors including Carro, Guazi, Autohome, Uxin and RenRenChe, among others.
- Headquarter Hangzhou, China
- Founders Yao Junhong
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Sectors
Transportation, Automotive & Logistics
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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
$1.21 B (USD)
in 6 rounds
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Latest Funding Round
$578 M (USD), Series F
Sep 03, 2018
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Investors
Alibaba Group
& 19 more
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Employee Count
Employee Count
- Investments & Acquisitions
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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 Total Funding
- Total Rounds 6
- Last Round Series F — $578.0M
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First Round
First Round
(01 May 2013)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Series F - Souche | Valuation | Primavera , 5Y Capital | |
| Nov, 2017 | Amount | Series E - Souche | Valuation | Alibaba Group | |
| Apr, 2017 | Amount | Series D - Souche | Valuation | Warburg Pincus |
| 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 Souche
Souche has secured backing from 20 investors, including institutional and venture fund investors. Prominent investors backing the company include Alibaba Group, Ant Group and CreditEase. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Private equity investments in China are managed by Primavera.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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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 Souche
Souche has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Cheyipai. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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B2B used car trading platform
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Souche
| 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 |
Souche Comparisons
Competitors of Souche
Souche 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, Autohome, Uxin and RenRenChe, 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 |
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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| domain | founded_year | HQ Location |
Used car transactions are facilitated through an online P2P 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 Souche
Frequently Asked Questions about Souche
When was Souche founded?
Souche was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Souche located?
Souche is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Who is the current CEO of Souche?
Yao Junhong is the current CEO of Souche. They have also founded this company.
Is Souche a funded 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 D of $180M, raised on May 01, 2013.
What does Souche do?
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.
How many acquisitions has Souche made?
Souche has made 1 acquisition, including Cheyipai.
Who are Souche's investors?
Souche has 20 investors. Key investors include Alibaba Group, Ant Group, CreditEase, Zuche, and Warburg Pincus.