Didi Chuxing has led a $100m series D round for Qualcomm-backed Brazilian counterpart 99 as part of a strategic alliance.
Brazil-based ride hailing platform 99 has raised more than $100m in a round led by China-based contemporary Didi Chuxing, Reuters reported yesterday.
Founded in 2012 as 99Taxi, 99 operates a ride service that offers taxis and chauffeured cars to customers in 550 cities and towns in Brazil. More than 140,000 drivers are registered to the service and the company’s app has been downloaded more than 10 million times.
Didi Chuxing will take a seat on 99’s board of directors in…
