Didi Kuaidi’s apps cover regulated cabs as well as private car rides (Image: Tech in Asia)
China’s top transportation app startup, Didi Kuaidi (the new name for the merger between Didi Dache and Kuaidi Dache), has now raised US$3 billion as part of its latest funding round, according to sources talking to Reuters.
Someone involved in the deal confirmed to Tech in Asia this is in fact an additional US$1 billion in funding to add to the US$2 billion Didi Kuaidi raised in July – not a brand-new round worth US$3 billion.
A Didi Kuaidi spokeswoman contacted by us declined to comment on the numbers.
The US$2 billion round was led by Capital International Private Equity Fund and Ping An Ventures, but there’s no word yet on who’s providing the additional cash for the taxi and car-hailing apps to battle Uber.