RenRenChe - About the company
RenRenChe is a series F company based in Beijing (China), founded in 2014. It operates as an Used car online transaction platform. RenRenChe has raised $760M in funding from Goldman Sachs and DiDi. The company has 42 active competitors, including 13 funded and 5 that have exited. Its top competitors include companies like Carro, Uxin and Autohome.
Company Details
RenRenChe is a P2P used car online transaction services website. Sellers put a request on the site and their vehicle is examined, checked for quality by in-house professionals and the best price is advised. Service for sellers is free. Buyers are charged for value added services like condition testing as well as a service fee which is 3% of the purchase price amount to a maximum of 8000 yuan. Since its initial launch, RenRenChe claims that it has been able to facilitate more than 200,000 used car transactions. In July 2015, the company said that it was able to complete 18,000 transactions. RenRenChe entered a partnership agreement with Taunchewang. The partnership would allow RenRenChe to create 1,000 offline automobile service centres to make its service available to the broader public, not just the online community. RenRenChe is also cooperating with Weizhong Bank, and PingAn Bank to facilitate auto loans for its users.
Key Metrics
Founded Year
2014
Location
Beijing, China
Stage
Series F
Total Funding
$760M in 7 rounds
Latest Funding Round
Investors
Ranked
8th among 42 active competitors
Employee Count
1,523 as on Aug 31, 2026
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RenRenChe's funding and investors
RenRenChe has raised a total funding of $760M over 7 rounds. Its first funding round was on Apr 2014. RenRenChe has 10 institutional investors.
Here is the list of recent funding rounds of RenRenChe:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 19, 2018 | 3236499 | Series F | 6499132 | 6470877 | 4572780 | 9336260 |
Apr 25, 2018 | 3008681 | Series E | 7202559 | 5897138 | 5059887 | |
Sep 25, 2017 | 6445855 | Series D | 9950914 | 4453062 | 9738419 |
View details of RenRenChe's funding rounds and investors
RenRenChe's founders and board of directors
Founder? Claim ProfileRenRenChe's employee count trend
RenRenChe has 1,523 employees as of Aug 26. Here is RenRenChe's employee count trend over the years:
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RenRenChe's Competitors and alternates
Top competitors of RenRenChe include Carro, Uxin and Autohome. Here is the list of Top 10 competitors of RenRenChe, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online platform for buying, selling, and managing used cars, providing a full-stack service for car ownership | $686M | 74/100 | ||
2nd | Online B2C used car auction platform | $500M | 65/100 | ||
3rd | Online retailer of automotive pricing, specifications, reviews, and community forums | - | 64/100 | ||
4th | Automobile industry Internet platform Daxu 2012, Hangzhou (China), Public | SaaS-driven dealership management solutions for automotive dealerships | $578M | 61/100 | |
5th | Online P2P marketplace for used cars | $4.82B | 55/100 | ||
6th | O2O-based used car transaction platform | $1.21B | 52/100 | ||
7th | Online portal to buy second hand automobiles | - | 51/100 | ||
8th | Used car online transaction platform | $760M | 47/100 | ||
9th | Online dealer of used cars | $160M | 45/100 | ||
10th | Online peer-to-peer marketplace for used cars | $70M | 43/100 |
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RenRenChe's Investments and acquisitions
RenRenChe has made no investments or acquisitions yet.
Reports related to RenRenChe
Here is the latest report on RenRenChe's sector:
News related to RenRenChe
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Former Chinese tech unicorn Renrenche could sell for little over $1,000Deal Street Asia•Oct 22, 2020•RenRenChe
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