eDaijia Valuation, Funding & Investors

eDaijia is valued at $800M as of May 2015.

Last eDaijia valuation

$800M

Series D · May 2015

Last eDaijia funding round

$100M

Series D · May 2015

Cumulative funding eDaijia raised

$130M

across 3 funding rounds

Key investors in eDaijia

  • Lightspeed China Partners
  • Matrix Partners China
  • Warburg Pincus
  • 58.com

eDaijia Overview

About eDaijia

eDaijia is a Beijing-headquartered mobile platform launched in 2011, connecting car owners with licensed temporary drivers for short-term services across major Chinese cities like Beijing, Shanghai, and Guangzhou.


Founded

2011

HQ

ChinaBeijing

Website

edaijia.cn

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$800M (May 2015)

eDaijia Valuation

eDaijia is currently valued at $800M, based on its Series D in May 2015.

The $100M round was led by Warburg Pincus, with participation from Lightspeed China Partners and Matrix Partners China.

eDaijia's valuation has grown 3.2x from $250M at its Series C in October 2014 to $800M in May 2015, across 2 priced rounds.

eDaijia valuation by funding round

eDaijia valuation by funding round
DateStageValuation
May 2015Series D$800M
Oct 2014Series C$250M

eDaijia Funding History

eDaijia has raised a total of $130M across 3 funding rounds.

eDaijia's first fundraising round was a $5M Series B in October 2013. The most recent completed round was a $100M Series D in May 2015.

eDaijia funding rounds

eDaijia funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2015Series DWarburg Pincus (lead); Lightspeed China Partners; Matrix Partners China$100M$800MeDaijia is a Chinese ride-hailing platform that operates similarly to Uber, offering mobility services in China. The company raised $100 million in its Series D funding round led by Warburg Pincus on May 5, 2015, with participation from venture capital firms Lightspeed China Partners and Matrix Partners China. The round valued the company at $800 million post-money. The company had previously completed a $25 million Series C funding round in October 2014 in which Matrix and Lightspeed also participated, demonstrating sustained investor confidence in the ride-hailing sector in China. By October 2015, following the Series D, UCAR Group made a corporate minority investment in eDaijia, indicating continued strategic interest from established automotive platforms.
Oct 2014Series C58.com (lead); Lightspeed China Partners$25M$250MeDaijia is a Beijing-based driver hire service company founded in 2011, offering on-demand drivers primarily for after-drinking users, with expansion into daytime services like car wash, pickup, and shuttle. It operates in a competitive market against rivals such as Aidaijia, Weidaijia, 11Daijia, and Shanghai Master Car driving Service. The company had built a network covering 150 Chinese cities including Beijing, Shanghai, Guangzhou, and Shenzhen, with up to 80,000 drivers and over 120,000 daily transactions at peak times around later funding stages. The specified Series C round occurred in October 2014, raising $25 million with participation from Lightspeed China Partners and Matrix Partners China, though sources also reference 58.com (or 58City) as an investor across rounds. This followed earlier funding and preceded a Series D in 2015 or later led by Warburg Pincus with $100 million raised, valuing the company at $8 billion USD at that time. Total funding across four rounds reached $125 million from five investors including UCAR Group, Warburg Pincus, Lightspeed China Partners, Matrix Partners China, and 58.com. Post-Series D, eDaijia planned to invest in product technology, operational efficiency via systems for driver recruitment, management, and smart dispatching, while standardizing services and safety. It aimed to expand to 200 cities, including second- and third-tier markets, and enter overseas markets starting with Korea.
Oct 2013Series BLightspeed China Partners (lead)$5M--

Who has invested in eDaijia?

4 investors have backed eDaijia across its funding rounds, including Lightspeed China Partners, Matrix Partners China, Warburg Pincus and 58.com.

Lead investors include Warburg Pincus, 58.com and Lightspeed China Partners.


eDaijia Investors

Investors in eDaijia by funding rounds participated
InvestorHQRoundsRoleFirst check
Lightspeed China PartnersChinaShanghai3LeadOct 2013
Matrix Partners ChinaChinaBeijing1ParticipantMay 2015

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eDaijia Competitors

eDaijia competitors include listed companies like GO and Lime, and private ones like Banma Kuaipao, GO, SAIC Mobility and Shouqi Limousine & Chauffeur.

Public and private companies comparable to eDaijia
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Banma KuaipaoChinaChinaPrivate--$725M-
GOJapanTokyoPrivate--$985M-
SAIC MobilityChinaChinaPrivate--$1B-
Shouqi Limousine & ChauffeurChinaChinaPrivate$43M-$1B23.3x
GOJapanJapanPublicly listed$266M$49M$1.7B5.3x
LimeUnited StatesUnited StatesPublicly listed$887M$87M$2B-

eDaijia Public Comps

eDaijia is still privately-owned, but its public comps include CaoCao, BiNBiN, Socar, Martı, PickMe, Dida, Ryde Group, Freetrailer Group, Swvl and GO.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CaoCao$3B$51M0.6x0.6x35.8x33.9x
BiNBiN$11M($12M)30.9x-(27.8x)-
Socar$343M$72M1.5x-7.0x-
Martı$39M($23M)6.9x3.8x(11.8x)115.5x
PickMe$26M-6.3x5.2x--
Dida$75M$18M----
Ryde Group$10M($13M)12.8x-(9.5x)-
Freetrailer Group$20M$8M4.6x-11.9x-

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Common questions about eDaijia

When was eDaijia founded?eDaijia was founded in 2011.
Where is eDaijia headquartered?eDaijia is headquartered in Beijing, China.
Is eDaijia publicly listed?No, eDaijia is a private, VC-backed company.
What is eDaijia's valuation?eDaijia was last valued at $800M in its Series D in May 2015.
How much funding has eDaijia raised?eDaijia has raised $130M across 3 funding rounds.
What was eDaijia's last funding round?eDaijia's last funding round was a $100M Series D in May 2015, led by Warburg Pincus.
Who are eDaijia's investors?eDaijia's investors include Lightspeed China Partners, Matrix Partners China, Warburg Pincus and 58.com.
Which companies are comparable to eDaijia?Companies comparable to eDaijia include Banma Kuaipao, GO, SAIC Mobility, Shouqi Limousine & Chauffeur, GO and Lime.

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