VC-backed eHi Car Rental invests in China’s Kuaidi Dache
Chinese car rental firm eHi Car Services, which has several VC backers and is targeting a US IPO, has invested $25 million in Kuaidi Dache, one of the country’s two dominant taxi-booking apps.
EHi states in its IPO prospectus that it has participated in a Series B round of funding for Travice Inc, developer and operator of Kuaidi, and now holds an 8.4% interest in the business. It also has a...
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