RenRenChe

company

About

Renrenche.com is a chinese peer-to-peer second-hand car trading platform.

  • 501 - 1000

Details

Last Funding Type
Series D
Last Funding Money Raised
$150M
Industries
Leasing,Peer to Peer,Recycling
Founded date
Apr 1, 2014
Number Of Employee
501 - 1000
Operating Status
Active

Founded in April 2014, Renren is the first to enter the used car market in C2C mode. It has developed into a comprehensive car trading service platform integrating used cars and new car transactions, financial services and after-sales services.

For second-hand car transactions, Renren provides free door-to-door valuation, sales, replacement and other services for the majority of car owners. In order to strictly control the quality of the car in the sale, the Renren car has established a 249 test standards and a dual detection mechanism through a self-built professional appraisers team, and has reached a cooperation with the China Automobile Dealers Association to become a national standard for second-hand car testing. The industry's first strategic partner in the “certification” certification, the layer of protection is only for the rest of the car. At the same time, for the buyer, the Renren car provides a series of after-sales guarantees such as 14-day returnable car, one-year/20,000-kilometer core component warranty and 200 million yuan guarantee, leading the industry change.

In April 2018, Renren was awarded a new round of financing by the Goldman Sachs Group, Tencent, Didi and other investments of $300 million. This is the third time that Tencent has added a Renren car. Previously, Renren had won a strategic investment of 200 million US dollars, and then carried out in-depth cooperation in ecological co-construction, technology, and operation.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$240M
RenRenChe has raised a total of $240M in funding over 2 rounds. Their latest funding was raised on Sep 5, 2016 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 5, 2016 Series D $150M 1 Detail
Aug 5, 2015 Series C $85M 1 Detail
Jun 8, 2014 Series A $5M 1 Redpoint Detail

Investors

Number of Lead Investors
Number of Investors
1
1
RenRenChe is funded by 1 investors. Redpoint are the most recent investors.
Investor Name Lead Investor Funding Round
Redpoint Series D