# Pupumall funding: rounds and investors

> Pupumall has raised $255M across 2 rounds since 2019. Investors include IDG Capital and Thai Joint Venture. Every round with its source.

Source: https://millionrounds.com/company/pupumall (Millionrounds; every figure on the page links to its filing or article)

China · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Pupumall*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

E-commerce

Funding summary Updated 26 Oct 2026

**$255M** raised across 2 rounds since 2019, from 2 sources

**$55M** Round **$200M** Venture

- **Latest round:** Venture, $200M Nov 2021
- **Step-up i:** 3.6×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020 2021

**$55M** Round

**$200M** Venture

- **First round:** Round, $55M
- **Biggest round:** $200M
- **Between rounds:** 2.6 years

## The rounds

- **Nov 2021** Venture **$200M** *1 new* [IDG Capital](https://millionrounds.com/fund/idg-capital) Source recorded
- **Mar 2019** Round **$55M** *1 new* Thai Joint Venture Reported by Voice

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2019 **Venture** 2021 [IDG Capital](https://millionrounds.com/fund/idg-capital) Thai Joint Venture

## Everyone who backed them

[IDG Capital](https://millionrounds.com/fund/idg-capital) Private equity **1** round

Thai Joint Venture no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=pupumall).

## Also claim to have backed them

This firm lists Pupumall as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[FaaS Capital](https://millionrounds.com/fund/faas-capital) Family office Per its own site

## Quick answers about Pupumall

### Who invested in Pupumall?

Pupumall's investors include IDG Capital and Thai Joint Venture.

### How much has Pupumall raised?

Pupumall has raised $255M across 2 rounds since 2019.

### When did Pupumall last raise?

Pupumall's most recent round was a Venture of $200M in Nov 2021.

### What was Pupumall's biggest round?

Its most recent round, $200M in Nov 2021, is also its largest on record.

### Who backed Pupumall first?

Pupumall's first round on record, in Mar 2019, was backed by Thai Joint Venture.

### What stage is Pupumall at?

Pupumall's latest named round is a Venture, in Nov 2021.

### Where is Pupumall based?

Pupumall is based in China.

## Companies like Pupumall

In the same sector, and raised in the last eighteen months.

[**Moonshot AI** $6.7B · Jun 2026](https://millionrounds.com/company/moonshot-ai)[**EloElo** $13M · Oct 2026](https://millionrounds.com/company/eloelo)[**ZeroW** $417K · Oct 2026](https://millionrounds.com/company/zerow)[**Remolonas** $35K · Oct 2026](https://millionrounds.com/company/remolonas)[**Chapter Homes** $6.6M · Oct 2026](https://millionrounds.com/company/chapter-homes)[**Opply** $23M · Oct 2026](https://millionrounds.com/company/opply)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app