Dropee, the Malaysian B2B wholesale marketplace startup, has been accepted into Y Combinator, one of the most prestigious Silicon Valley accelerators from America.
Founded by Lennise Ng and Aizat Rahim, Dropee is the second Malaysian startup company to be accepted into the program, the first being Dahmakan in 2017.
Dropee is a business-to-business marketplace that connects suppliers and retailers on a digital platform, enabling both to digitise sales orders and track inventories while providing fulfilment of goods and access to real-time data.
Over the past year, Dropee claims to have grown over 400%, with more than 4000 retail users across Malaysia using their services.
The company previously raised a seed round of funding from Vynn Capital and Prasetia Dwidharma of US$350,000, and is expecting to close over US$2 million in follow-on funding moving forward, with one of the investors being Y Combinator.
Moving forward, Dropee will focus on strengthening their presence in Malaysia, while potentially expanding to Indonesia and Thailand.