Borong - About the company
Borong is a series A company based in Shah Alam (Malaysia), founded in 2016. It operates as an Online B2B marketplace offering a wide range of products. Borong has raised $4.71M in funding from investors like Vynn Capital, Y Combinator and HCL Technologies. The company has 12 active competitors, including 3 funded and 1 that has exited. Its top competitors include companies like Alibaba, Lapasar and Daganghalal.
Company Details
Online B2B marketplace offering a wide range of products. The catalog includes home & kitchen supplies, bath & body supplies, electronics supplies, sports & hobbies supplies, and more.
- Website
- borong.com
Key Metrics
Founded Year
2016
Location
Shah Alam, Malaysia
Stage
Series A
Total Funding
$4.71M in 9 rounds
Latest Funding Round
Investors
Ranked
3rd among 12 active competitors
Annual Revenue
$50M - $100M as on Dec 31, 2024
Employee Count
171 as on Jul 31, 2026
Legal entities associated with Borong
Borong is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Macro Tech Ventures Sdn Bhd CIN: 1190627U , Malaysia, Active | Jun 07, 2016 | $50M - $100M (As on Dec 31, 2024) | - | - |
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Borong's funding and investors
Borong has raised a total funding of $4.71M over 9 rounds. Its first funding round was on Jan 2017. Borong has 13 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Borong:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
May 11, 2024 | 4348812 | Series A | 2675709 | 1721324 | 4277771 | 5421226 |
Jan 20, 2022 | 3287860 | Series A | 5252229 | 4372280 | 5170348 | |
Jan 20, 2022 | 3281840 | Conventional Debt | 1003289 | 1534455 | 8413903 |
View details of Borong's funding rounds and investors
Borong's founders and board of directors
Founder? Claim ProfileBorong's employee count trend
Borong has 171 employees as of Jul 26. Here is Borong's employee count trend over the years:
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Borong's Competitors and alternates
Top competitors of Borong include Alibaba, Lapasar and Daganghalal. Here is the list of Top 10 competitors of Borong, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Alibaba 1999, United States, Public | Online marketplace connecting global buyers with manufacturers, suppliers, and exporters | - | 80/100 | |
2nd | Platform for B2B procurement for SMEs and large enterprises | $8.82M | 52/100 | ||
3rd | Online B2B marketplace offering a wide range of products | $4.71M | 49/100 | ||
4th | Daganghalal 2008, Kuala Lumpur (Malaysia), Seed | Online e-distributor offering multi-category products | $830K | - | 30/100 |
5th | Good 2 Trade 2019, Shah Alam (Malaysia), Unfunded | Online B2B marketplace offering multi-category products | - | - | 24/100 |
6th | Solaris Trade 2020, Kuala Lumpur (Malaysia), Unfunded | E-distributor offering multi-category products | - | - | 24/100 |
7th | Malaysia Trade Mart 2016, Kuala Lumpur (Malaysia), Unfunded | Online B2B marketplace offering multi-category products | - | - | 24/100 |
8th | iBusiness Brokers 2011, Kuala Lumpur (Malaysia), Funding Raised | Online local services business directory | - | 22/100 | |
9th | B2B halal e-commerce platform | - | - | 19/100 | |
10th | Online B2B marketplace offering a wide range of products and services | - | - | 16/100 |
Looking for more details on Borong's competitors? Click here to see the top ones
Borong's Investments and acquisitions
Borong has made no investments or acquisitions yet.
Reports related to Borong
Here is the latest report on Borong's sector:
News related to Borong
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Agrobank Is Ready To Finance Rm300 Million For Digital-based BusinessesUtusan•Sep 19, 2024•Agrobank, Borong
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MYDIN announces partnership with Dropee for improved end-to-end eCommerce OperationsLiveAtPC•Nov 04, 2022•Borong, Dropee, TERAJU
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YC alum Dropee, a Malaysia B2B wholesale platform, lands $7M Series ATechCrunch+•Jan 20, 2022•Borong, HCL Technologies, Resolution Foundation, Lan Kwai Fong Group and 5 others
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UOB Malaysia partners Dropee to roll out financial solutions, online banking servicesDigital News Asia•Nov 26, 2020•United Overseas Bank, Borong
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Malaysia's Dropee raises US$1.3M from Y Combinator, otherse27•Jul 20, 2020•Borong, Y Combinator, Ondine Capital, Vynn Capital and 2 others
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B2B ecommerce startup partners with Grab Financial to launch SME business financingTech in Asia•Jun 10, 2019•Borong, Grab, Dropee
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How Building Their Platform From Scratch Helped Dropee Secure RM1.4 Mil In Seed FundingVulcan Post•Jan 17, 2019•Borong, Dropee
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