History
Launched in 2012 servicing São Paulo, the company has expanded since then to other regions. It was founded by Paulo Veras, Renato Freitas and Ariel Lambrecht. In January 2017, 99 received funding by DiDi. The funding allowed ''99'' to open more positions, and deal with competitors. In May 2017, another round of investments, led by SoftBank, raised US$100 million. On January 3, 2018, DiDi purchased the remainder of 99 for an undisclosed amount, but rumored to be at US$600 million, making 99 Brazil's first so-called " unicorn", i.e., a startup company valued at over US$1 billion.References
Transport companies established in 2012 Companies based in São Paulo Ridesharing companies of Brazil Road transport in Brazil Online companies of Brazil Transport companies of Brazil Brazilian brands {{Brazil-company-stub