Atzuche, a car sharing platform with a reputed one million members, has completed a series B round backed by Hearst Media and China Pacific Insurance.
China-based car sharing startup Atzuche has closed a RMB300m ($47m) series B round featuring media company Hearst and insurer China Pacific Insurance, China Money Network reported today, citing local media reports.
China Pacific and Hearst, which participated in the round through its Hearst Ventures unit, invested alongside private equity firm Ivy Capital and venture capital firms Matrix Partners and Ceyuan Ventures.
Founded in 2013, Atzuche operates a car sharing platform through which users can rent their vehicles to each other.…
