FlixBus Valuation, Funding & Investors

Didi Freight is a Beijing-headquartered intra-city freight platform under Didi Chuxing. The service matches shippers with screened drivers offering vans, trucks, and specialized vehicles for deliveries and relocations. Fully insured shipments feature transparent pricing and GPS tracking. Didi Freight operates in major Chinese cities, focusing on e-commerce logistics and urban moving needs.

LY.com, formerly known as 17U.com and Tongcheng, is a Chinese online travel platform offering hotel, flight, train, and cruise bookings alongside sightseeing tickets and group-buying travel deals. Launched in 2004, it built an early lead in China's sightseeing-ticket and weekend-getaway segments before expanding into broader travel booking across roughly 200 cities. The company has counted Ctrip, Tencent, and Dalian Wanda Group among its major shareholders.

Seino Holdings Co Ltd is a Japan-based company engaged in transportation, logistics, automobile sales, goods sales, and real estate leasing. The company operates through four segments. The Transportation Business focuses on small-lot commercial cargo such as home delivery, moving, and chartering, along with freight transport using air, rail, and sea. It also provides warehousing, air transport agency, and non-life insurance agency services. The Automobile Sales Business deals in the sales and repair of trucks, passenger cars, and auto parts. The Goods Sales Business handles fuel, paper, and other products. The Real Estate Leasing Business manages subsidiaries engaged in leasing and the effective utilization of real estate assets. It generates majority revenue from Transportation business.

ArcBest Corp is an integrated logistics company that leverages technology and a full suite of shipping and logistics solutions to meet customers' supply chain needs. The company has two reportable operating segments: Asset-Based, which generates maximum revenue, and Asset-Light. The Asset-Based segment's operations include national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed less-than-truckload services. The Asset-Light segment represents the company's offerings in ground expedite, intermodal, household goods moving, managed transportation, warehousing and distribution, and international freight transportation for air, ocean, and ground.

Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

Traveloka is an Indonesia-headquartered online travel aggregator operating in six Southeast Asian countries, primarily as a flight search engine for domestic and regional routes. The platform enables bookings for flights, hotels, activities, and ground transport, with expansions into fintech and lifestyle services. Traveloka partners with local airlines and expands market impact through innovative travel products.

Uber Freight is a San Francisco-headquartered digital freight brokerage founded in 2017 that matches shippers with carriers through its app and TMS platform. It handles full truckload shipments across the US, offering transparent pricing, instant booking, and ELD-compliant tracking. Uber Freight serves clients like Tyson Foods and Nestle, managing $5 billion in annual freight volume with 100,000-plus carriers. The company expanded into Mexico in 2022 with cross-border services.

RXO Inc is a brokered transportation platform defined by technology and a nimble, asset-light business model, with the component being core truck brokerage business. Its operations also include three asset-light, brokered transportation services, all of which complement its truck brokerage business: managed transportation, last mile and freight forwarding. The company operates into one reportable segment. The operates within the transportation industry and in the same geography North America.

OYO is a Gurgaon-headquartered hospitality chain operating leased hotels, guesthouses, and vacation rentals across India, Southeast Asia, Europe, and the US. It equips properties with standardized amenities, dynamic pricing tools, and a booking app serving budget travelers seeking verified accommodations in over 80 countries.

Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts, and Travel and Membership which operates a variety of travel businesses, including two vacation exchange brands, Vacation Ownership and Travel and Membership The majority of the revenue is earned from the United States.

Yamato Holdings Co Ltd provides logistics and shipping services in Japan and internationally. The company operates through five segments: Contract Logistics Business, Express Business, Global Business, Mobility Business, and Others. It generates the majority of its revenue from the Express Business segment. It also offers shared services, which include highway transportation and personnel placement.

Werner Enterprises Inc is a transportation and logistics company. The company has two reportable segments - Truckload Transportation Services and Werner Logistics. It derives majority of its revenue from full-truckload transportation services and geographically from United States.

Engine is a San Francisco-headquartered travel management platform for business trips, integrating with 95 percent of US airlines, hotels, and car rentals. Launched in 2021 and backed by Blackstone and Permira, it offers single-invoice billing, real-time modifications without fees, and spend analytics dashboards. Engine serves mid-market companies like Rippling and Notion, reducing travel costs by 25 percent through negotiated rates and policy enforcement.

BlaBlaCar is a Paris-headquartered carpooling platform operating in 22 countries including Europe, Russia, Turkey, Mexico, Brazil, and India. It links drivers with passengers for long-distance trips, enabling cost-sharing through its website and mobile apps. Features include verified profiles, declared identities, and chatty level indicators from Bla to BlaBlaBla to build trust. Backed by investors such as Accel Partners, Insight Ventures, Index Ventures, Lead Edge Capital, Baring Vostok, and ISAI, the service maintains offices in over a dozen countries worldwide.

Flash Express is a Bangkok-headquartered logistics provider dominating Thailand's e-commerce delivery market. Established in 2017, the company offers door-to-door parcel services powered by proprietary technology and big data analytics for route optimization. Under Flash Group, it encompasses Flash Logistics for oversized items, Flash Fulfillment for warehousing, Flash Home for last-mile agency, and Flash Money for digital payments. Flash Express operates over 1,000 branches nationwide and has expanded into Laos, Cambodia, and the Philippines.

GetYourGuide is a Berlin-headquartered online marketplace for booking tours, attractions, and activities in over 170 destinations worldwide. It offers excursions, cooking classes, tickets to landmarks, and guided experiences via website and mobile apps. Providers pay commissions on bookings, with customer reviews ensuring quality. Founded in 2009, GetYourGuide partners with local operators and serves millions of travelers annually.

Mafengwo is a Beijing-headquartered online travel platform featuring user-generated content with over 10 million travel guides covering 95 percent of global destinations. The site aggregates reviews for hotels, flights, and itineraries while integrating booking services from partners like Ctrip and Booking.com. Mafengwo serves more than 100 million monthly active users in China, offering visa assistance, insurance options, and travel deals. Acquired by Trip.com Group in 2015, it continues to expand social features and mobile apps downloaded over 100 million times.

MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.