Souche logo
Founded 2012

Souche

2020 Revenue

$94.0M

YOY

Funding

$1.2B

How Souche hit $94.0M in Revenue with 110K Customers in 2020.

About Souche

Souche, a leading automotive new retail platform in China, is founded by Mr. Yao Junhong, the former CAR Inc. founding team member and vice president, in December, 2012. By August 2018, Souche raised over $1.2 billion from investment or ganizations, including Alibaba group, Ant Financial Services Group, Morningside Venture Capital, Warburg Pincus, Primavera Capital Group, etc. Souche joined '2017 New Global Unicorns Ranking' by Silicon Valley global research organization PitchBook. Souche thrives to become the big intelligent brain of automotive industry. Souche has gradually constructed integrated automotive new retail ecosystem through years of development. Souche is regarded as 'the Alibaba of Chinese automotive industry'. Today, Souche and its relative corporations dedicate in numerous businesses, which include automotive financial leasing platform Tangeche, B2B industrial chain service platform Chehang168, Used-car online trade platform Cheyipai, Car sharing customized platform TIHD, SaaS products for used-car automotive dealers Dafengche and new-car sub-channels automotive dealership network Maicheguanjia, automotive dealership group ERP system provider Breakthrough, Kingdee and automotive supply chain warehouse logistics integrated service provider Iyunche, etc.

Monthly Revenue

$7.8M

Total Expenses

$7.8M

=
Net Income

-$1.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


Headquarters

175 Wuchang Ave HangzhouZhejiangChina
$Funding$Revenue

Souche Revenue

In 2020, Souche revenue run rate hit $94.0M in revenue.

$94.0M

Souche Valuation and Funding History

Souche has raised a total of $1.2B.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
05/10/2018$578.0M$3.0B
11/01/2017$335.0M
05/11/2017$180.0M
11/16/2016$100.0M
09/01/2013$14.9M
01/01/2013$5.5M

Customers

Souche has 110K customers.

Lifetime Months

×
Monthly ARPU

=
Lifetime Dollars


Acquisition Cost

Average Annual Price

$0$0.0024681012

Churn

Souche has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

0.00%

Team

Employees

Souche has 1,000 employees.

2020
DistributionQty

Total Team Size

1000

Engineers

0

Sales

0

Marketing

0

CEO/Founder

Junhong Yao


CEO Q&A

What's your age?

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Favorite online tool?

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Favorite book?

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Favorite CEO?

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Advice for 20 year old self

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Frequently Asked Questions about Souche

When was Souche founded?

Souche was founded in 2012.


Who is the CEO of Souche?

The CEO of Souche is Junhong Yao


How many employees does Souche have?

Souche has 1,000 employees.

How much revenue does Souche generate?

Souche generates $94.0M in revenue.


How much funding does Souche have?

Souche has raised $1.2B.


Where is Souche headquarters?

Souche is headquartered at 175 Wuchang Ave HangzhouZhejiangChina

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