Ofo - About the company
Ofo is a deadpooled company based in Beijing (China), founded in 2014 by Dai Wei. It operates as a Free-float bicycle rental platform. Ofo has raised $1.87B in funding from investors like Alibaba, DiDi and Will Hunting Capital, with last known valuation of $2B. The company has 145 active competitors, including 12 funded and 5 that have exited. Its top competitors include companies like nextbike, Pony and Beryl.
Sectors and market segments that Ofo operate in
Ofo serves in the Travel and Hospitality Tech, Auto Tech, Transportation and Logistics Tech market segments.The primary business model of Ofo are:Company Details
Ofo is a free-float bicycle rental platform. The company offers a mobile app through which users can find & locate nearby available bicycles and use them on an hourly rental basis. Users can unlock the bicycles by scanning the QR Code through the app. The company is backed by tech firms Alibaba, Xiaomi, and Didi Chuxing. Has partnered with the United Nations Development Programme to promote sustainable transportation. Apps are available for both Android & iOS devices.
- Website
- ofo.com
- Social
- Email ID
- *****@ofobike.com
Key Metrics
Founded Year
2014
Location
Beijing, China
Stage
Deadpooled
Total Funding
$1.87B in 12 rounds
Latest Funding Round
Last Known Valuation
$2B as on Apr 24, 2017
Ranked
8th among 145 active competitors
Employee Count
437 as on Apr 30, 2026
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Ofo's funding and investors
Ofo has raised a total funding of $1.87B over 12 rounds. Its first funding round was on Mar 01, 2015. Its latest funding round was a Series E round on Mar 13, 2018 for $586M. 4 investors participated in its latest round. Ofo has 15 institutional investors.
Here is the list of recent funding rounds of Ofo:
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Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 13, 2018 | $586M | Series E | - | - | ||
Mar 05, 2018 | $280M | Conventional Debt | - | - | - | |
Jul 05, 2017 | $700M | Series E | - | - |
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Ofo's founders and board of directors
Founder? Claim ProfileHere are the details of Ofo's key team members:
- Dai Wei: Founder & CEO of Ofo.
View details of Ofo's Founder profiles and Board Members
Ofo's employee count trend
Ofo has 437 employees as of Apr 26. Here is Ofo's employee count trend over the years:
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Ofo's Competitors and alternates
Top competitors of Ofo include nextbike, Pony and Beryl. Here is the list of Top 10 competitors of Ofo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Operator of bike-sharing programs providing bicycles, e-bikes, and cargo bikes | - | 67/100 | ||
2nd |  Pony 2017, Oxford (United Kingdom), Series A | App-based bicycle rental service | $9.06M | 56/100 | |
3rd | Beryl 2014, London (United Kingdom), Series A | Operator of app-based scheme for shared use of bikes and scooters | $5.68M | 54/100 | |
4th | App-based rental platform offering bicycles | $925M | 53/100 | ||
5th | Capital Bikeshare 2010, Washington, DC (United States), Unfunded | Bike sharing service for easy, affordable, and fun metro DC exploration | - | - | 49/100 |
6th | App-based bicycle rental platform | - | - | 48/100 | |
7th | App-based bicycle rental platform | - | - | 47/100 | |
8th | Free-float bicycle rental platform | $1.87B | 46/100 | ||
9th | App-based platform for on-demand e-bike sharing services | $6.8M | 45/100 | ||
10th | Wheels 2017, Los Angeles (United States), Acqui-Hired | App-based platform offering electric bicycle rental services | $95.5M | 44/100 |
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Ofo's Investments and acquisitions
Ofo has made no investments or acquisitions yet.
News related to Ofo
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Ofo's licence set to be cancelled after it misses extended deadline to remove bikesChannelnewsasia•Apr 03, 2019•Ofo
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