Udroppy sees an opportunity in MENA, where cash-on-delivery is still prominent for online purchases, creating challenges for merchants.
Udroppy has found an opportunity for its software which connects merchants to suppliers remotely and handles all aspects of supply chain management. Udroppy recently opened an office in Dubai and intended to increase its operations in the region significantly.
Founded by three childhood friends from Italy in 2018, Udroppy addressed the “nightmare” of supply chain management in running an e-commerce business and was born out of their personal experience.
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“E-commerce in the region is growing very fast. Saudi Arabia is a huge market, but it has some challenges, including a reliance on cash on delivery which is complicated for a small e-commerce company. Dubai will be our main market for the upcoming years. We have a lot of clients here in the UAE already, and we believe in the MENA region,” said Nicolò Augusto Manica, CRO and co-founder, Udroppy.
From its regional base in Dubai’s JLT area, Udroppy plans to expand to Saudi Arabia next, as it’s the region’s biggest economy (followed by the UAE).
A funding round for which Udroppy set up its company headquarters in Silicon Valley and raised $800,000 through its participation in Launch, an accelerator programme run by Jason Calacanis, a serial entrepreneur and angel investor. Udroppy will use the funds to fuel its expansion in the MENA region and redesign its user experience.
