Didi Kuaidi

Didi Kuaidi

Didi Kuaidi is a company made up of China's two largest taxi-hailing firms- Didi Dache and Kuaidi Dache as result of a merger in Feb. 2015.

Founded: September 2012

About Didi Kuaidi

Didi-Kuaidi is a combination of the two largest taxi hailing companies in China - Didi Dache and Kuaidi Dache. Recently announced as a surprise merger in February 2015, both firms remain separate entities.

Majority stake, Didi Dache, originated as a Chinese taxi-hailing smartphone application.

The application shows the real-time locations of taxis on a map using the GPS technology and enables users to find a taxi though their smartphones. The users’ request will be sent to proximate cab drivers who will decide whether to accept the order or not.

Didi-Dache is very useful during off-peak periods when most taxis are idle. The application also enables passengers to catch a cab during peak hours by paying extra fees or tips.

Didi-Dache was launched in September, 2012 and has been downloaded more than five million times.

Team

Funding

INVESTOR
STAGE
AMOUNT
DATE
Undisclosed

Round: Venture Round
Round Size: US$2,000M
Date: Jul 2015
Undisclosed

Round: Venture Round
Round Size: US$600M
Date: Jan 2015

Singapore

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Round: Series D
Round Size: US$700M
Date: Dec 2014
Round: Series A
Round Size: US$3M
Date: Sep 2012

Previous Investments

COMPANY
ROUND
ROUND SIZE
DATE
Round: Series F
Round Size: US$500M
Date: Nov, 2015
Round: Series E
Round Size: US$350M
Date: Aug, 2015

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