99 was founded in 2012 and raised its 1st funding round 3 years after it was founded.

99 is headquartered in Sao Paulo, Brazil.

Who is the current CEO of 99?

Renato Freitas of 99. They are also angel investors in 4 startups, including Yellow.

How many employees does 99 have?

As of Jun 30, 2026, the latest employee count at 99 is 10878.

Is 99 a funded company?

99 is a funded company, having raised a total of $380M across 6 funding rounds to date. The company's 1st funding round was a $15M Series A round, raised on Feb 02, 2015.

How much is 99 worth?

The last known valuation of 99 was $1B as of Jan 08, 2018.

When was the latest funding round of 99?

99's latest funding was a $135M Conventional Debt round on Feb 24, 2026, with participation from 0 investor.

Is 99 a Road Transport Tech company?

The primary sector of 99 is Road Transport Tech.

Where does 99 rank among its competitors?

99 ranks 3rd amongst 90 active competitors, of which 3 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was 99, which secured $135M in Feb, 2026.

Who are the top competitors of 99?

99's top competitors include Uber, DiDi and WTI. Among them, 99 secured the most recent funding round in February, 2026.

99 - 2026 Company Profile, Team, Funding & Competitors

Q: Is 99 an acquired company?

99 got acquired by DiDi on Jan 03, 2018.

Sectors and market segments that 99 operate in

99 serves in the Travel and Hospitality Tech, Auto Tech, Transportation and Logistics Tech market segments.The primary business model of 99 are:

Company Details

Operator of a network providing ride and delivery services. It facilitates connections for transportation and delivery. The network includes options for both passengers and drivers. Additionally, it offers food delivery services connecting customers with restaurants.

Website: 99app.com
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Key Metrics

Founded Year

2012

Location

Sao Paulo, Brazil

Stage

Acquired

Total Funding

$380M in 6 rounds

Latest Funding Round

Conventional Debt, Feb 24, 2026, $135M

Last Known Valuation

$1B as on Jan 08, 2018

Investors

SoftBank & 10 more

Ranked

3^rd among 90 active competitors

Employee Count

10,878 as on Jun 30, 2026

Similar Companies

Uber & 4320 more

Exit Details

Acquired by DiDi (Jan 03, 2018)

View 99's full profile

99 got acquired by DiDi on Jan 03, 2018 at an acquisition amount of $*****.

Click here to take a look at 99's acquisition in detail

99 has raised a total funding of $380M over 6 rounds. Its first funding round was on Feb 02, 2015. 99 has 11 institutional investors.

Here is the list of recent funding rounds of 99:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 24, 2026	$135M	Conventional Debt	-	-	-	-
Jul 05, 2017	$137M	Series C	-	-	-	-
May 24, 2017	$100M	Series C	-	-	SoftBank	-

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View details of 99's funding rounds and investors

The founders of 99 are Renato Freitas and Carlito Magno Toribio.

Here are the details of 99's key team members:

Renato Freitas: 🦄 Co-Founder & CEO of 99 and founder of 1 other company. They are also an angel investor in 4 startups.
Carlito Magno Toribio: Data & Strategy Analyst @99Food of 99.

View details of 99's Founder profiles and Board Members

99's employee count trend

99 has 10,878 employees as of Jun 26. Here is 99's employee count trend over the years:

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Top competitors of 99 include Uber, DiDi and WTI. Here is the list of Top 10 competitors of 99, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Uber 2009, San Francisco (United States), Public	Network providing on-demand transportation, delivery, and business management solutions	$13.2B	Toyota, New Enterprise Associates & 191 others	89/100
2nd	DiDi 2012, Beijing (China), Public	AI-enabled platform for ride-hailing and on-demand services	$20.8B	Temasek, SoftBank Vision Fund & 97 others	87/100
3rd	99 2012, Sao Paulo (Brazil), Acquired	Operator of a network providing ride and delivery services	$380M	Riverwood Capital, Tiger Global Management ... & 9 others	74/100
4th	WTI 2009, Delhi (India), Public	Provider of vehicle transfer and tech enabled solutions	-	-	54/100
5th	Ubiz Technology 2018, Sao Bernardo do Campo (Brazil), Unfunded	App-based ride-hailing aggregator	-	-	49/100
6th	Free Technology 2018, Guarapari (Brazil), Unfunded	App-based ride-hailing platform for intracity commutes	-	-	45/100
7th	Va de Taxi 2013, Sao Paulo (Brazil), Unfunded	On-demand cab hailing service provider in Brazil	-	-	44/100
8th	iMOVE 2020, Lagoa da Prata (Brazil), Unfunded	App-based platform offering ride-hailing services	-	-	44/100
9th	Urbano Norte 2021, Porto Velho (Brazil), Unfunded	App-based platform offering taxi-hailing services	-	-	41/100
10th	Urban do Brasil 2019, Recreio (Brazil), Unfunded	App-based platform offering taxi-hailing services	-	-	40/100