Borong
Dropee is a B2B eProcurement marketplace where businesses buy and sell in bulk easily.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
* | N/A | N/A | Series A |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 92 % | 68 % | 84 % | 10 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Borong, formerly known as Dropee, is a B2B wholesale marketplace based in Malaysia that connects suppliers with retailers. The platform aims to digitize the wholesale market by providing a space where retailers can source products from a wide network of qualified suppliers at competitive prices.
For retailers, Borong offers a diverse product catalog, enabling them to discover new products and suppliers easily. The platform streamlines the procurement process, from sourcing to payment, making it more efficient for small and medium-sized enterprises (SMEs) to manage their inventory. By aggregating demand, Borong allows smaller retailers to access wholesale prices that would typically be available only to larger businesses.
The business model revolves around facilitating transactions between suppliers and retailers. Borong likely earns revenue through commissions on sales made through the platform, subscription fees for premium features, or a combination of both. The company serves a wide range of retail sectors, including grocery, convenience stores, and other local businesses.
Keywords: B2B marketplace, wholesale, procurement, e-commerce, supply chain, SMEs, retailers, suppliers, Malaysia, digital platform