{"id":4108,"date":"2023-05-10T10:29:18","date_gmt":"2023-05-10T02:29:18","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4108"},"modified":"2023-05-10T10:29:18","modified_gmt":"2023-05-10T02:29:18","slug":"daily-markup-740-ejen2u-is-raising-a-pre-series-a-to-serve-indonesias-resellers-and-empower-400-more-brand-owners","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4108","title":{"rendered":"Daily Markup #740: Ejen2u is raising a pre-Series A to serve Indonesia\u2019s resellers and empower 400 more brand owners"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"960\" height=\"629\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/05\/image-6.jpg\" alt=\"\" class=\"wp-image-4109\" srcset=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/05\/image-6.jpg 960w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/05\/image-6-300x197.jpg 300w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/05\/image-6-768x503.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><figcaption class=\"wp-element-caption\">Credit: Ejen2u<\/figcaption><\/figure>\n\n\n\n<p><strong>Resellers over retail<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>500-backed reseller management platform <a href=\"https:\/\/ejen2u.com\/\">Ejen2u<\/a> is raising a pre-Series A round, and Founder &amp; CEO Sheikh Ezaiddin is <a href=\"https:\/\/bit.ly\/44B8ljn\">eyeing an expansion to Indonesia by Q2 of 2023<\/a> with the funds.<\/li>\n\n\n\n<li>Ejen2u helps brand owners to set up a network of resellers, stockists, agents, and dropshippers. The platform is currently serving 400 brand owners ranging from food &amp; beverage, beauty, health, fashion, lifestyle, and homeware. Sheikh shared that they are aiming for 800 brands in 2023.<\/li>\n\n\n\n<li>With the cultural similarities between Ejen2u\u2019s home base Malaysia and Indonesia, plus the lack of a similar platform in the Indonesian market, he seeshuge potential for growth.<\/li>\n\n\n\n<li>In addition to the geographical expansion, the proceeds will be used to scale the company\u2019s products, EjenGo, a reseller management platform; Wemap, a business education technology platform for resellers; and EjenVenture, a platform to help big brands and corporations to establish or create a new distribution channel using resellers.<\/li>\n\n\n\n<li>Since launching in 2019, the team shared they recorded ~US$106.5M in gross merchandise value (GMV) transactions, and they are aiming to triple their year-on-year revenue growth this year.<\/li>\n\n\n\n<li>Read the full story <a href=\"https:\/\/bit.ly\/44B8ljn\">here<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Resellers over retail<\/p>\n","protected":false},"author":5,"featured_media":4109,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[544],"class_list":["post-4108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-ejen2u"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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