- Effort in growing more sales by giving robust on-ground service teams
- Can grow into being No . 1 B2B SaaS player, regionally and soon, globally even
Unrivaled growth against her peers, after effectively raising US$7 mil for their Series A funding, Lennise Ng, Haslinda Rasip, plus Aizat Rahim, co-founders of Dropee triumphs in another win, gaining unanimous votes and passing Endeavor’s recent Local Choice Panel (LSP) managed by Endeavor Malaysia and Endeavor Philippines.
Given that its launch within 2017, Dropee has become one of the fastest growing B2B wholesale SaaS-enabled marketplace in Southeast Asia with a market presence in Malaysia, Singapore, and Philippines. What once was designed to solve a family business challenge, Dropee nowadays helps 30, 000+ businesses with over 100, 000+ at wholesale prices products listed on their website.
Dropee works with thousands of partners, from the wholesalers, distributors, fulfillment plus warehousing partners to serving local retailers with a whole new experience in stocking upward inventories in a better, faster, and cheaper way. With their latest new feature, Dropee is looking to commit effort in expanding more sales just for other SMEs by giving robust on-ground activation teams, helping SMEs adopt digital solutions, where small in order to medium businesses can extend up to 60 days of credit terms, with zero hardcopy documentation. This allows a lot more SMEs to influence on the extended income to invest more in Areas of their company that grow more sales, such as purchasing more popular or best-seller products.
“We started along with drop-shipping in 2017 and pivoted to address the challenges pertaining to offline mom-and-pops. The challenges change plus increase over time. We have been now looking into customer retention rates, and exactly how Dropee can assist in bringing down the working cost and increase business longevity. Through passing this Nearby Selection Panel, by making use of Endeavor mentors and their gathered knowledge, we are hopeful to consider better solution ways for the business and minimize oversights even as we scale “Dropee bigger and stronger”, said Lennise Ng, Co-founder of Dropee.
Dropee, being the second Malaysian new venture to enter one of the most prestigious Silicon Area program, the Y Combinator, who is also now an alumni of Endeavor’s ScaleUp Program Cohort one, aims to grow the company with Endeavor and looking to strengthen their particular foothold in Malaysia and Indonesia first before tapping into other regional markets.
The Local Selection Screen is the culmination of the rigorous merit-based choice process to select high impact-resistant entrepreneurs who show the potential to power Endeavor’s resources plus mentorship to create high-growth sustainable businesses, job opportunities, as well as to create enduring local entrepreneurial ecosystems.
For this session, hosted together with Endeavor Philippines, we had global industry experts Rexy Dorado (Co-founder & President of Kumu), Raja Hamzah Co-Founder and Co-Managing Companion of RHL Endeavors, Billy Valtos (Managing Director of Tao Corporation) and Ferish Patel (Partner associated with Cooley LLP) to the panel.
“What Dropee is doing is strategic. By doubling down initiatives in the local market before tapping into other marketplaces gives them the particular upperhand to become the best choice in their industry first as it allows them to acquire loyal clients faster. As long as they will figure out who to partner with in the region and to not stretch the particular productivity management thinner, I believe with Endeavor’s support, Dropee may grow into getting the number one B2B SaaS player, regionally and soon, globally as well, ” commented Raja Hamzah.