Overseas driver-guide service provider HuangBaoChe announced on June 25 that it has received 50 million US dollars in its C+ round of financing, with Shenzhen Capital Group as the lead investor, and other institutional investors also participated.
Established in 2014, HuangBaoChe has served more than 10 million outbound tourists. Boasting some 100,000 registered Chinese-speaking driver guides, HuangBaoChe provides airport pick-up and drop-off services, chartered services available across 1,800-plus cities in more than 90 countries worldwide.
Previous funding rounds:
September 2015: $7 million (RMB 48 million) Series A round
August 2016: $17 million (RMB 120 million) Series B from Founder H Fund
January 2017: $30 million (RMB 210 million) Series B+ round led by Matrix Partner China and GF Xinde Investment
October 2017: unknown amount from strategic investment
March 2018: $50 million Series C round led by Sequoia Capital (Translated by Elena)