Markato operates a cross-border B2B wholesale marketplace focused on helping independent European, American and Australian brands manage their Asia wholesale operations in one place. The platform provides personalized product recommendations for retailers, aggregates volume to offer wholesale pricing, and offers a 60-day buy-now-pay-later option plus 90-day free returns to reduce inventory risk. Brands receive analytics to inform production and pricing while Markato integrates payment infrastructure to lower foreign currency and transaction costs and reduces shipping costs through consolidated shipments. At launch the company has 19 employees, works with 200 brands, lists more than 4,000 products, and reports that about 80% of the brands it serves were previously not available in Asia and 90% are sold exclusively through Markato. The startup is planning to grow to 2,000 buyers and 2,000 brands in the coming months and serves retailers including kapok, Co Ninety Select Shop, TLE Wellness Select Shop and JIA Group. Markato plans regional expansion starting with Singapore and will use new funding to hire engineering, product and business development staff, build proprietary technology and logistics infrastructure, and develop its data analytics.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2023