Dropee

Dropee is a B2B eCommerce marketplace solution that enables businesses to digitally monitor their orders, products, customers, and insights.

Dropee's mission is to help local independent retailers find their best-sellers investors by matching them with the right supplier and brands.

Dropee was founded in 2017 by Lennise Ng, Aizat Rahim, and Haslinda Rasip. The company is based in Selangor, Malaysia.

 

Dropee's modern, digital approach to the wholesale industry allows retailers to discover, purchase, and manage inventories for their store - all on a single marketplace platform.

 

Dropee's marketplace is integrated with a SaaS e-commerce platform that automates payment collection, tracks orders and sales and manages offline-to-online orders. Dropee also offers financial services, like working capital loans, to SMEs.

 

Dropee is used by more than 80,000 SMEs, mainly small retail stores, to buy wholesale inventory through its marketplace, and now totals more than $100 million in annualized transaction value.

 

Dropee is backed by Vynn Capital, HCL Capital, Resolution Venture, LKF Capital, Cradle Fund Sdn Bhd (Cradle), Invus, Brama One Ventures, and others. The company closed a $7M Series A round ($3M in equity and $4M in debt) on Jan 20, 2022. This brings Dropee's total funding to $8.7M to date. 

 

 

  • Year founded: 2017
  • Funding Info: $8.7M over 4 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Subang Jaya
  • State: Selangor
  • Country: Malaysia
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