Kuaidi Dache
An innovative taxi service platform which utilizes mobile app to match passengers and nearby licensed taxi drivers in more than 260 major cities across China.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$100m | Series B | ||
| N/A | $250m | Series C | |
$600m | Series D | ||
N/A | Acquisition | ||
* | N/A | - | |
| Total Funding | $950m | ||
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Kuaidi Dache was a Chinese-based mobile application that provided taxi-hailing services. The company was backed by Alibaba and was a major player in the Chinese ride-sharing market.
Its platform offered carpooling services, particularly targeting low-income groups, and provided assistance for the elderly. Kuaidi Dache also focused on initiatives to reduce carbon emissions and optimize public transportation. The application included a feature that allowed passengers to give drivers an extra tip, ranging from 5 to 20 yuan.
In a significant market consolidation, Kuaidi Dache merged with its main competitor, Didi Dache, in 2015. This merger created one of the largest smartphone-based transportation service providers in the world, which now operates as Didi Chuxing.
Keywords: taxi-hailing, ride-sharing, carpooling, transportation, mobile app, China, Alibaba, Didi Dache, merger, logistics