Warburg Pincus Leads $100M Series D Round In EDaijia

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Beijing-based online designated driver reservation services provider eDaijia has received US$100 million series D financing led by private equity firm Warburg Pincus, LLC, according to a company announcement.

Existing investors Matrix Partners and Lightspeed Venture Partners also participated in the round, which values the technology start-up at US$800 million.

The round follows a US$25 million funding round led by New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. in October 2014.

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