SouChe
Founded Year
2012Stage
Debt - II | AliveTotal Raised
$1.282BValuation
$0000Last Raised
$46.16M | 5 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-80 points in the past 30 days
About SouChe
SouChe is an automotive new retail platform in the automotive industry, focusing on sales and trade services for car dealers. The company provides an automotive financial leasing platform, used-car online trade, B2B industrial chain services, and SaaS products for automotive dealers. SouChe serves the automotive sales and service sectors, offering solutions to improve operational efficiency and transaction effectiveness. It was founded in 2012 and is based in Hangzhou, Zhejiang .
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Expert Collections containing SouChe
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
SouChe is included in 3 Expert Collections, including E-Commerce.
E-Commerce
11,245 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,270 items
Auto Commerce
700 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Latest SouChe News
Sep 4, 2018
36Kr.com, 9/03/18 The CEO at Beijing-based Souche Holdings, which operates C2C used car trading platform Souche.com, recently sent an internal email revealing that the company has completed USD 578 mln in new funding led by Primavera Capital Group and Morningside Ventures with participation by Chinese internet conglomerate Alibaba (NYSE: BABA), Beijing-based Dreamfly Capital Management, Lingfeng Capital, Shenzhen-based Palading Equity Investment, ClearVue Partners, Russia-China Investment Fund, Sunshine Insurance Group, and CreditEase. Souche CEO Yao Junhong also confirmed that Souche has wholly-acquired two firms, including Beijing-based Yunche Wang Network Technology, operator of mobile vehicle shipping app Yunche Guanjia, and Shanghai-based auto dealer group ERP system provider Breakthrough Information Technology. Yao said that as of August 2018, Souche's SaaS business reaches 90% of medium- and large-size used vehicle dealerships, more than 9,000 4S stores, and over 60,000 new vehicle dealerships. In 2018, the company's SaaS systems are expected to handle RMB 350 bln in total online transactions, a 200% increase YoY. Editor's Note: Chinese IT industry investment information portal IT Juzi reports this newest round of funding as Series F (Pre-IPO). For more information on this topic, please see Rumor: Used Car Trading Site Souche Raising USD 800 Mln Series F , MD 5/11/18 issue.
SouChe Frequently Asked Questions (FAQ)
When was SouChe founded?
SouChe was founded in 2012.
Where is SouChe's headquarters?
SouChe's headquarters is located at 175 Wuchang Boulevard, Hangzhou.
What is SouChe's latest funding round?
SouChe's latest funding round is Debt - II.
How much did SouChe raise?
SouChe raised a total of $1.282B.
Who are the investors of SouChe?
Investors of SouChe include Ping An Trust, Bank of Shanghai, 5Y Capital, Primavera Capital Group, CE Innovation Capital and 19 more.
Who are SouChe's competitors?
Competitors of SouChe include Carro, Carsome, Chehaoduo, Yiauto, Tiantian Paiche and 7 more.
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Compare SouChe to Competitors
Chehaoduo operates in the used car sales industry, focusing on providing a platform for buying and selling pre-owned vehicles. The company offers services such as official vehicle inspections, a 7-day trial drive with a no-reason return policy, and comprehensive post-sale warranties to ensure customer satisfaction and vehicle reliability. Additionally, Chehaoduo facilitates online car auctions and provides financial services to assist customers in their car purchases. It was founded in 2015 and is based in Beijing, China.
2Duche operates as a leading used car marketing and service platform. The company serves used car dealers through its web-based platform and call center. It offers live auctions, drive-thru auctions, an online storefront, and professional call center, and a car inspection service. 2Duche was founded in 2006 and is based in Shanghai, China.
RenRenChe is a company that operates in the used car trading market. The company's main services include providing a platform for the buying and selling of used cars, as well as offering used car valuation and consultation services. The company primarily serves the automotive industry. It is based in Beijing, Beijing.
Chezhibao is an online used car trading site that uses an auction system to sell cars and provides free, one-stop services for sellers. It was founded in 2010 and is based in Nanjing, China.
Carsing is a Shanghai-based used car auction platform. The company aims to improve consumers' experiences when selling used vehicles by providing inspection services and facilitating transactions to automobile dealers through wireless mobile auctions. Through this financing, the investors will leverage their knowledge of the Chinese market to help grow Carsing's domestic footprint.
Tiantian Paiche is a used car trading platform operating in the automotive industry. The company offers services including online auctions, on-site vehicle inspections, and a pricing model for used cars. Tiantian Paiche primarily serves the automotive sector, facilitating transactions between buyers and sellers of used vehicles. It was founded in 2015 and is based in Shanghai, Shanghai.
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