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Pinduoduo
company
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
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
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 |
|
|
— | Series C |
Cathay Innovation
|
— | Series B |
IDG Capital
|
— | Series B |
Lightspeed China Partners
|
— | Series B |
New Horizon Capital
|
— | Series B |
Employee Profiles
Number of Employee Profiles
4
Pinduoduo has 4 current employee profiles, including
Executive Chen Lei
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