# Soup Master

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/soup-master

- Industry: Food
- Headquarters: Shanghai, China
- Total disclosed funding: $0.8M
- Latest round: Series B (Mar 30, 2021)
- Investors on record: 5

## About

Established in 2015 and based in Shanghai, China, Soup Master began as a catering company centered on soups and health-focused meals. In 2019, the company expanded from single-brand operations to multi-brand incubation, building a data-based mid-stage system to support restaurant operations and a supply chain platform for soup bases and related ingredients. In 2020, the company reported annual gross merchandise volume (GMV) of over CNY 150 million, with about half of revenue generated from B2B operations. Since then, Soup Master has continued to expand its catering brands, strengthen supply chain management, and upgrade its store formats. In October 2025, it closed a series B funding.

The company provides catering services through its Soup Master brand and incubated family-style restaurant brands. Its offerings include additive-free stewed soups, whole grain rice, and health-oriented fast food products. 

The company generates revenue through dine-in and takeaway sales from its own catering brands and through B2B services.

## Funding rounds

- Series B, Mar 30, 2021 — IDG Capital, 5Y Capital
- Series A, Aug 7, 2020 — Lightspeed Venture Partners, IDG Capital, ZhenFund
- Series A, May 14, 2018 — Lightspeed Venture Partners, IDG Capital, ZhenFund, Light-Up Capital
- Series A, Aug 7, 2017 — Lightspeed Venture Partners, Light-Up Capital
- Angel, Mar 25, 2017, $0.8M — ZhenFund

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Light-Up Capital — Series A
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A, Series B
- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series B