China P2P car rental app Atzuche raises $47m
Atzuche, a Shanghai-based peer-to-peer (P2P) car rental start-up, has raised a RMB300 million ($47 million) Series B round of funding from China Pacific Insurance, Ivy Capital, Hearst Capital, Matrix Partners and Ceyuan Ventures.
Founded in 2014, Atzuche's platform allows car owners to earn money by renting out their vehicles to pre-screened customers. Five months ago, the start-up launched a 24-hour car pick-up service in six...
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