OFO is a Chinese bike-sharing company that allows users to rent bicycles through a smartphone app. It was founded in 2014 and is headquartered in Beijing, China. OFO has received over $2.2 billion in total funding from investors like Alibaba and has expanded to operate in over 250 cities across 20 countries. In China, Mobike is one of OFO's main competitors, having also raised over $600 million in funding. In India, Ola Cycles and Zoomcar Cycles are competitors providing similar bike-sharing services in a few major cities. Users can rent OFO bikes by downloading the app, inputting the bike number, and receiving an unlock code.

1. OFO..( O H - F O H )
R I D I N G B I C Y C L E S A N Y T I M E A N D A N Y W H E R E

2. ABOUT
• Categories Cycling, Public Transportation, Ride Sharing.
• Founded Date Apr 2014
• Headquarter Beijing , China
• Founders Dai Wei, Xue Dong, Yang Pinjie,
YuXin, Zhang Yanqi, Zhang Siding
• Operating Status Active
• Last Funding Type Series F
• Operation 250 cities in 20 countries.
• Technology based Smartphone app to unlock cycle

3. FUNDING PROCESS:
SEED FUNDING
• DEC.01,2015: $9 M, BY HONGDAO
CAPITAL AND WILL HUNTING
CAPITAL
SERIES FUNDING A,A,B
• FEB.01,2016: $15 M, SERIES
A FUNNDING BY GSR
VENTURES AND HONGDAO CAPITAL
• APRIL.01,2016: $10M,SERIES
A FUNDING BY GSR
VENTURES AND HONGDAO CAPITAL
• SEP. 26,2016 : SERIES B FROM GSR
VENTURES AND 2 OTHER INVESTORS

4. FUNDING PROCESS Contd..
SERIES FUNDING C,D,E,F
• OCT.01,2016: $130M, SERIES C FUNDING
BY CITIC PE AND 8 OTHER INVESTORS.
• MAR.01,2017: $450M, SERIES D
FUNDING BY DST GLOBAL
• JULY.05,2017: $700M,SERIES E FUNDING
BY ALIBABA
• MAR.13,2018: $866M, SERIES F
FUNDING BY ALIBABA GROUP

5. C OM PETITOR IN C HIN A
FUNDING
• JUNE 2017 : RAISED FUND AROUND 600CN¥ BY
TENCENT.
• COMPANY VALUED $3 BILLION in 2017
• APRIL 2018, MEITUAN DIANPING A WEBCOMPANY
ACQUIRED FOR US $2.7 BILLION.
MOBIKE
FOUNDED : 2015
FOUNDER : HU
WEIWEI (CHAIR);
WANG XIAOFENG
(CEO); XIA YIPING
(CTO).
COVERAGE : 200 CITY
ACROSS GLOBE .

6. C OM PETITOR S IN IN D IA
FUNDING
OLA CYCLES : Using pre established companies fund
ZOOMCAR CYCLES : Using pre established companies
fund
Ola Cycles
Founder: Bhavish Aggarwal
Founded : 2017
Coverage : IIT KANPUR
Zoomcar Cycles
Founder : Sushil Reddy
Founded :2017
Coverage : 4 Cities in India.

7. HOW TO USE THE BIKE??
ID card and
deposit is
required.
Download the App
or connect with
We Chat
Input bike number
Received code and
unlock the bike

8. Presented By: Mani Shankar Dwivedi THANK YOU..