Banma Kuaipao Valuation, Funding & Investors

Banma Kuaipao is valued at $725M as of April 2017.

Last Banma Kuaipao valuation

$725M

Series C · Apr 2017

Last Banma Kuaipao funding round

$43M

Series D · Oct 2018

Cumulative funding Banma Kuaipao raised

$181M

across 5 funding rounds

Key investors in Banma Kuaipao

  • Walden International
  • New Alliance Capital
  • Bojia Ventures
  • Haijing Group
  • QJY Capital

Banma Kuaipao Overview

About Banma Kuaipao

Banma Kuaipao, also known as Zebra Express, is a China-based delivery and ride-hailing platform founded in 2015. It operates a last-mile delivery service through a network of local drivers and has expanded into passenger ride-hailing, securing 125 ride-hailing licenses across cities in China, including many second- and third-tier markets. The company has partnered with automaker Zotye Auto, which supplies vehicles and fuel to support its ride-hailing operations.


Founded

2015

HQ

ChinaChina

Website

bmkp.cn

Status

Privately held

Customer focus

B2B & B2C

Revenue model

Commission

Valuation

$725M (Apr 2017)

Banma Kuaipao Valuation

Banma Kuaipao is currently valued at $725M, based on its Series C in April 2017.

The $94M round was led by Haijing Group, with participation from New Alliance Capital.

Banma Kuaipao's valuation has grown 9.0x from $81M at its seed round in July 2015 to $725M in April 2017, across 2 priced rounds.

Banma Kuaipao valuation by funding round

Banma Kuaipao valuation by funding round
DateStageValuation
Apr 2017Series C$725M
Jul 2015Seed$81M

Banma Kuaipao Funding History

Banma Kuaipao has raised a total of $181M across 5 funding rounds.

Banma Kuaipao's first fundraising round was a $6M seed round in July 2015. The most recent completed round was a $43M Series D in October 2018.

Banma Kuaipao funding rounds

Banma Kuaipao funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2018Series DQJY Capital (lead)$43M--
Apr 2017Series CHaijing Group (lead); New Alliance Capital$94M$725MWuhan Banma Kuaipao Technology, founded in 2015 and also known as Zebra Express, operates a last-mile delivery service utilizing a network of local drivers in China. The company is backed by corporates including Do-Fluoride Chemicals and Haijing, and is expanding into the passenger ride-hailing market, having secured 125 ride-hailing licenses across many second- and third-tier cities. In April 2017, Banma Kuaipao raised approximately $94.3 million from investors including Haijing, Haishu Group, Lianxin Investment, Yuanfeng Venture Capital, and New Energy Automobile Industry Fund at a $725 million valuation. Haijing acted as the lead investor in this round. This followed prior funding, including $22.5 million from Bojia Ventures (Do-Fluoride Chemicals' corporate venturing arm) in August 2016, $15.7 million from unnamed backers in November 2015, and $5.6 million led by Walden International in July 2015. The April 2017 round supported the company's strategic expansion into ride-hailing. Subsequently, in 2018, Banma Kuaipao raised RMB300 million ($43.2 million) from private equity firm QJY Capital to further expand its ride-hailing business. It also formed a strategic partnership with automotive manufacturer Zotye Auto, which will supply cars and fuel.
Aug 2016Series BBojia Ventures (lead)$23M-Wuhan Banma Kuaipao Technology (also known as Zebra Express) is a China-based delivery and ride-hailing platform founded in 2015. The company operates a last-mile delivery service utilizing a network of local drivers and was expanding into the passenger ride-hailing market, having secured 125 ride-hailing licenses across Chinese cities including second and third-tier markets. In August 2016, Bojia Ventures, the corporate venture capital arm of chemicals producer Do-Fluoride Chemicals, invested $22.5 million in the company as part of a broader funding initiative. This investment followed earlier rounds including approximately $5.6 million raised in July 2015 from Walden International and roughly $15.7 million from unnamed backers in November 2015. The company subsequently raised approximately $94.3 million in April 2017 at a disclosed $725 million post-money valuation from a consortium led by Haijing that included Haishu Group, Lianxin Investment, Yuanfeng Venture Capital, and the New Energy Automobile Industry Fund. Banma Kuaipao also formed a strategic partnership with automotive manufacturer Zotye Auto, which agreed to supply vehicles and fuel to support the company's ride-hailing expansion.
Nov 2015Series A-$16M--
Jul 2015SeedWalden International (lead)$6M$81M-

Who has invested in Banma Kuaipao?

5 investors have backed Banma Kuaipao across its funding rounds, including Walden International, New Alliance Capital, Bojia Ventures, Haijing Group and QJY Capital.

Lead investors include QJY Capital, Haijing Group, Bojia Ventures and Walden International.


Banma Kuaipao Investors

Investors in Banma Kuaipao by funding rounds participated
InvestorHQRoundsRoleFirst check
Haijing GroupChinaChina1LeadApr 2017
New Alliance CapitalChinaShanghai1ParticipantApr 2017
Walden InternationalUnited StatesSan Francisco, CA1LeadJul 2015

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Acquisitions by Banma Kuaipao

Banma Kuaipao has acquired 1 company to date.

Last acquisition by Banma Kuaipao was on April 16th 2018. Banma Kuaipao acquired Datong for $8M.


Latest Acquisitions by Banma Kuaipao

Datong
Description
Datong is a Datong City-based automobile transportation company operating taxi dispatch and ride-hailing services in Shanxi Province, China. It manages a fleet for urban mobility and partners with local regulators for licensed passenger transport.
HQ CountryChina
HQ City
Wuhan
Deal Date16 Apr 2018
Valuation$8M
EV/Revenue
EV/EBITDA

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Banma Kuaipao Competitors

Banma Kuaipao competitors include listed companies like Ryde Group and Truecaller, and private ones like Car2Go, Chalo, Dazhongkanche and GO.

Public and private companies comparable to Banma Kuaipao
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Car2GoUnited StatesUnited StatesPrivate--$341M-
ChaloIndiaMumbaiPrivate$15M-$450M30.0x
DazhongkancheChinaBeijingPrivate--$735M-
GOJapanTokyoPrivate--$985M-
Ryde GroupSingaporeSingaporePublicly listed$10M($13M)$126M-
TruecallerSwedenSwedenPublicly listed$195M$61M$710M3.4x

Banma Kuaipao Public Comps

Banma Kuaipao is still privately-owned, but its public comps include Truecaller, Hello Group, Kelsian Group, VNG Corp., Saudi Automotive Services, Yalla Group, Covenant Logistics, Gür-Sel Turizm, Heartland Express and Verra Mobility.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Truecaller$195M$61M3.2x3.4x10.2x11.8x
Hello Group$1.5B$215M----
Kelsian Group$1.6B$197M0.9x0.8x7.1x6.2x
VNG Corp.$420M$23M1.4x-25.5x-
Saudi Automotive Services$3.1B$186M0.7x0.6x11.1x12.4x
Yalla Group$342M$128M----
Covenant Logistics$1.2B$110M1.0x0.9x10.7x8.2x
Gür-Sel Turizm$171M$54M3.2x-10.3x-

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Common questions about Banma Kuaipao

When was Banma Kuaipao founded?Banma Kuaipao was founded in 2015.
Where is Banma Kuaipao headquartered?Banma Kuaipao is headquartered in China.
Is Banma Kuaipao publicly listed?No, Banma Kuaipao is a private, VC-backed company.
What is Banma Kuaipao's valuation?Banma Kuaipao was last valued at $725M in its Series C in April 2017.
How much funding has Banma Kuaipao raised?Banma Kuaipao has raised $181M across 5 funding rounds.
What was Banma Kuaipao's last funding round?Banma Kuaipao's last funding round was a $43M Series D in October 2018, led by QJY Capital.
Who are Banma Kuaipao's investors?Banma Kuaipao's investors include Haijing Group, New Alliance Capital, Walden International, Bojia Ventures and QJY Capital.
Which companies are comparable to Banma Kuaipao?Companies comparable to Banma Kuaipao include Car2Go, Chalo, Dazhongkanche, GO, Ryde Group and Truecaller.
How many companies has Banma Kuaipao acquired?Banma Kuaipao has acquired 1 company, including Datong.
What was the largest acquisition by Banma Kuaipao?The $8M acquisition of Datong in April 2018 is the largest acquisition Banma Kuaipao has made to date.

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