Pinduoduo

About

Pinduoduo is an e-commerce platform that allows users to participate in group buying deals, mostly through Tencent’s Wechat app.

Shanghai,Shanghai,China
1001 - 5000
http://www.pinduoduo.com

Highlights

Details

Last Funding Type: Series C
Last Funding Money Raised: $213.69M
Industries: E-Commerce,E-Commerce Platforms,Group Buying
Founded date: Sep 1, 2015
Number Of Employee: 1001 - 5000
Operating Status: Active
Stock Symbol: nasdaq:PDD
Legal Name: Shanghai Xunmeng Information Technology Co., Ltd.
Also Known As: 拼多多,上海寻梦信息技术有限公司

Pinduoduo is an e-commerce platform allowing users to participate in group buying deals, mostly through Tencent’s Wechat app. The company was founded in 2015 and is based in Shanghai, China.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$5.43B

Pinduoduo has raised a total of $5.43B in funding over 2 rounds. Their latest funding was raised on Mar 30, 2020 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Mar 30, 2020	Post-IPO Equity	$1.10B	2	—	—	Detail
Sep 29, 2019	Post-IPO Debt	$1B	—	—	—	Detail
Jul 26, 2018	IPO	$1.63B	—	—	—	Detail
Apr 11, 2018	Series D	$1.36B	3	Sequoia Capital China Tencent	—	Detail
Feb 1, 2017	Series C	$213.69M	4	Sequoia Capital China Tencent	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

Pinduoduo has made 1 investments. Their most recent investment was on Apr 19, 2020, when GOME raised $200M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Apr 19, 2020 GOME	Post-IPO Debt	$200M	Real Estate	Yes

Investors

Number of Lead Investors

Number of Investors

6

11

Pinduoduo is funded by 11 investors. Sequoia Capital China and Tencent are the most recent investors.

Investor Name	Lead Investor	Funding Round
Sequoia Capital China	Yes	Series D
Tencent	Yes	Series D
Boyu Capital	—	Post-IPO Equity
Hillhouse Capital Group	—	Post-IPO Equity
Gaorong Capital	—	Series D
Cathay Capital	—	Series C
Cathay Innovation	—	Series B
IDG Capital	—	Series B
Lightspeed China Partners	—	Series B
New Horizon Capital	—	Series B