# ShopUp funding: rounds and investors

> ShopUp has raised $33M across 3 rounds since 2018. Investors include Sequoia Capital, Tiger Global Management and Speedinvest. Every round with its source.

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

Bangladesh · [Funded startup](https://millionrounds.com/companies)

# Who invested in *ShopUp*

3 rounds we have observed, with the 6 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.

B2B Fintech

Funding summary Updated 26 Oct 2026

**$33M** raised across 3 rounds since 2018, from 3 sources

**$1.6M** Seed **$1.5M** Seed **$30M** Debt

- **Latest round:** Debt, $30M Feb 2023
- **Step-up i:** 20×
- **Investors:** 6

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.

2019 2020 2021 2022 2023

**$1.6M** Seed

**$1.5M** Seed

**$30M** Debt

- **First round:** Seed, $1.6M
- **Biggest round:** $30M
- **Usual gap between rounds:** 3.8 years

## The rounds

- **Feb 2023** Debt **$30M** *4 new* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Speedinvest](https://millionrounds.com/fund/speedinvest) [Peak XV](https://millionrounds.com/fund/peak-xv) [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) Source recorded
- **Apr 2019** Seed **$1.5M** *1 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) Reported by TechCrunch
- **Nov 2018** Seed **$1.6M** *1 new* [Omidyar Network](https://millionrounds.com/fund/omidyar-network) Reported by Tech in Asia

## 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.

**Seed** 2018 **Seed** 2019 **Debt** 2023 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Speedinvest](https://millionrounds.com/fund/speedinvest) [Peak XV](https://millionrounds.com/fund/peak-xv) [Omidyar Network](https://millionrounds.com/fund/omidyar-network) [Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2)

## Everyone who backed them

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round

[Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round

[Speedinvest](https://millionrounds.com/fund/speedinvest) VC firm **1** round

[Peak XV](https://millionrounds.com/fund/peak-xv) VC firm **1** round

[Omidyar Network](https://millionrounds.com/fund/omidyar-network) Family office **1** round

[Flourish Ventures](https://millionrounds.com/fund/flourish-ventures-2) VC firm **1** round

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

## Also claim to have backed them

These 2 firms list ShopUp as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Valar Ventures](https://millionrounds.com/fund/valar-ventures-llc) VC firm Per its own site

[MyAsiaVC](https://millionrounds.com/fund/myasia-vc) VC firm Per its own site

## Quick answers about ShopUp

### Who invested in ShopUp?

ShopUp's investors include Sequoia Capital, Tiger Global Management, Speedinvest, Peak XV and Omidyar Network, and 1 more on record.

### How much has ShopUp raised?

ShopUp has raised $33M across 3 rounds since 2018.

### When did ShopUp last raise?

ShopUp's most recent round was a Debt of $30M in Feb 2023.

### What was ShopUp's biggest round?

Its most recent round, $30M in Feb 2023, is also its largest on record.

### Who backed ShopUp first?

ShopUp's first round on record, in Nov 2018, was backed by Omidyar Network.

### What stage is ShopUp at?

ShopUp's latest named round is a Debt, in Feb 2023.

### Where is ShopUp based?

ShopUp is based in Bangladesh.

## Companies like ShopUp

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

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Ghanem** $1.5M · Oct 2026](https://millionrounds.com/company/ghanem)[**Cashin** $404K · Oct 2026](https://millionrounds.com/company/cashin)[**ZeroW** $417K · Oct 2026](https://millionrounds.com/company/zerow)[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)

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