2024 Revenue
$13.9M
Customers
50K
Funding
$8.9M
YOY
140.3%
Avg ACV
$278
Team
155
Founded
2020
How Dropee CEO Lennise Ng grew to $13.9M revenue and 50K customers in 2024.
Dropee is a SaaS-enabled marketplace that connects brands like Unilever and Nestle with local retail
Last updated
Dropee Revenue
In 2024, Dropee's revenue reached $13.9M. The company previously reported $5.8M in 2023. Since its launch in 2020, Dropee has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Dropee Hit $13.9m revenue in October 2024 | |
| 2023 | Dropee Hit $5.8m revenue in December 2023 | |
| 2021 | Dropee Hit $4.3m revenue in January 2021 | |
| 2020 | Launched with $0 revenue |
Dropee Valuation, Funding Rounds
Dropee has not publicly disclosed its valuation. The company has raised $8.9M in total funding to date.
Dropee has raised $8.9M in total funding across 7 rounds, most recently a $3M Series A round in 2022.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2022 | Series A | $3M | - | - | |
| 2022 | Debt Financing | $4M | - | - | |
| 2020 | Seed Round | $1.3M | - | - | |
| 2019 | Seed Round | $350K | - | - | |
| 2017 | Grant | $119.4K | - | - | |
| 2017 | Grant | $35.8K | - | - | |
| 2017 | Pre Seed Round | $71.6K | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Dropee serves 50K customers.
Dropee Employees & Team Size
Dropee employs approximately 155 people as of 2026, up from 74 in 2023, including 5 sales reps that carry a quota. It serves 50K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 155 employees (December 2024) |
| 2024 | Reached 137 employees (October 2024) |
| 2023 | Reached 74 employees (December 2023) |
| 2022 | Reached 69 employees (December 2022) |
| 2022 | Reached 62 employees (January 2022) |
| 2021 | Reached 66 employees (December 2021) |
| 2021 | Reached 44 employees (January 2021) |
Frequently Asked Questions about Dropee
What is Dropee's revenue?
Dropee generates $13.9M in revenue.
Who founded Dropee?
Dropee was founded by Lennise Ng.
Who is the CEO of Dropee?
The CEO of Dropee is Lennise Ng.
How much funding does Dropee have?
Dropee raised $8.9M.
How many employees does Dropee have?
Dropee has 155 employees.
Where is Dropee headquarters?
Dropee is headquartered in Kuala Lumpur, Malaysia.
Compare Dropee to the industry
Dropee operates across multiple industries. Browse revenue, funding, and growth data for Dropee in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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