ShopUp
AcquiredSmall Businesses, Big Impact
Dhaka, Bangladesh · Founded 2017 · $259.0M raised
- Headquarters
- Dhaka
- Employees
- 501–1000
- Founded
- 2017
- Business Model
- B2B
- Website
- shopup.org
- Total Funding
- $259.0M
- Last Round
- $96.5M Series CAug 2024
- Rounds
- 5
- Acquisition Date
- Apr 2025
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
ShopUp is Bangladesh's leading full-stack B2B commerce platform, operating two core products: Mokam, a B2B sourcing marketplace connecting mills and manufacturers to neighborhood retail shops, and REDX, the country's largest last-mile logistics network spanning 493 sub-districts across 64 districts. The platform also offers BNPL financing solutions, enabling small retailers to access inventory, delivery, and working capital in one place.
Summary
ShopUp is an E-Commerce company based in Dhaka, Bangladesh, founded in 2017. It has raised $259.0M in total across 5 rounds, most recently a $96.5M Series C round in Aug 2024. Investors include Valar Ventures, Sanabil Investments and Prosus.
Tech & App Stack
3 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
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Funding & Exit History
Apr 2025
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Funding: Seed through Series C. Amounts, valuations, and investors where available.
Investors
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