The UOBxDropee package is part of the bank and Dropee’s efforts to help retailers and wholesalers digitalise and optimise their businesses.
Strong position to help businesses go digital, Singapore expansion by end 2020 Averages 8k to 10k monthly purchase orders from over 12k retailers on platform
The initiative with the Ministry of Agriculture provides an alternative sales channel for these producers and suppliers to sell their products online in bulk.
Dropee which was birthed from the drop-shipping concept where local independent retailers are able to discover the right suppliers, joins famed Silicon Valley accelerator, Y-Combinator's Winter 2020 cohort.
Financing will be used to drive market expansion, introduce new product features, and bring on new talent.
Besides awarding new startups and founders, milestones and key people in the Malaysian tech industry over the past two decades were highlighted and celebrated.
Second time lucky, the startup secures the grant after its pivot and aims for expansion.
Startup enables retail by connecting supplier and retailers digitally.