Car Maintenance B2C Platform Tuhu Yangche Wins USD 100 Mln Series C

Lieyunwang.com, 6/09/15

Shanghai-based Lantu Information Technology, operator of car maintenance B2C platform Tuhu Yangche, announced today that it has secured nearly USD 100 mln Series C funding from Yuyue Capital, Far East Horizon, Legend Capital, and Qiming Venture Partners.

Tuhu Yangche previously received RMB 7-digit angel funding in February 2012, USD 7-digit Series A financing from Qiming Venture Partners in January 2013, and USD 8-digit Series B funding in July 2014 from Legend Capital.

Founded in 2011, Tuhu Yangche primarily focuses on tire, oil change, and car maintenance services. Customers can make purchases online through the company's website or mobile app and book car service appointments. Tuhu currently has over 1,200 service centers. Tuhu had sales of RMB 300 mln in 2014 and the company expects to hit RMB 1.5 bln this year.

Keywords: Lantu Information Technology Tuhu Yangche Yuyue Capital Internet funding B2C Legend Capital Qiming Far East Horizon mobile application automobile third-round VC O2O

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