About Driptech India
Driptech India is a company based in Pune (India) founded in 2008.. Driptech India has raised $8.72 million across 5 funding rounds from investors including Westlake Chemical, Khosla Impact and LGT. The company has 60 employees as of April 02, 2024. Driptech India offers products and services including Laser Drip, Laser Spray, Drip Irrigation Kits, and DT-Flexi Pipe. Driptech India operates in a competitive market with competitors including HydroPoint, CropIn, Conservis, Netafim and Green Labs, among others.
- Headquarter Pune, India
- Employees 60 as on 02 Apr, 2024
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Sectors
EnvironmentAgriculture
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Email
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Phone
*********
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Website
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Social
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- Legal Name Driptech India Private Limited
- Date of Incorporation 21 Aug, 2012
- Jurisdiction Jalgaon, Maharashtra, India
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Annual Revenue
$1.63 M (USD)-6.9as on Mar 31, 2023
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Net Profit
$-72.56 K (USD)-52752.2as on Mar 31, 2023
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EBITDA
$-26.37 K (USD)-157.84as on Mar 31, 2023
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Total Equity Funding
$8.72 M (USD)
in 5 rounds
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Latest Funding Round
$1.68 M (USD), Series A
Oct 07, 2013
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Investors
Westlake Chemical
& 2 more
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Employee Count
60
as on Apr 02, 2024
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Products & Services of Driptech India
Driptech India offers a comprehensive portfolio of products and services, including Laser Drip, Laser Spray, Drip Irrigation Kits, and DT-Flexi Pipe. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Revolutionary technology for economical water delivery in fields.
Low-pressure alternative to traditional sprinklers for field irrigation.
Complete kits for small farmers to enable easy drip setup.
Innovative pipe for efficient water conveyance in drip systems.
Funding Insights of Driptech India
Driptech India has successfully raised a total of $8.72M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $1.68 million completed in October 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $1.7M
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First Round
First Round
(19 Jun 2009)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2013 | Amount | Series A - Driptech India | Valuation |
investors |
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| Jan, 2012 | Amount | Series A - Driptech India | Valuation |
investors |
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| Jun, 2011 | Amount | Series A - Driptech India | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Driptech India
Driptech India has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Westlake Chemical, Khosla Impact and LGT. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage impact investments are made primarily in India.
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Founded Year | Domain | Location | |
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Impact ventures are funded globally by LGT across key sectors.
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Founded Year | Domain | Location | |
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Petrochemicals, plastics, and building products are manufactured worldwide.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Driptech India
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Driptech India
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Driptech India Comparisons
Competitors of Driptech India
Driptech India operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HydroPoint, CropIn, Conservis, Netafim and Green Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of smart water management solutions
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| domain | founded_year | HQ Location |
Provider of farm management software solutions utilizing artificial intelligence and earth observation technology for improved crop productivity and decision-making
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| domain | founded_year | HQ Location |
Cloud-based farm management solutions are developed and offered.
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| domain | founded_year | HQ Location |
Drip irrigation components are manufactured and precision solutions are developed.
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| domain | founded_year | HQ Location |
AI-powered cloud-based farm management system is offered for crop optimization.
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| domain | founded_year | HQ Location |
Meats are retailed online and farm management solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Driptech India
When was Driptech India founded?
Driptech India was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Driptech India located?
Driptech India is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Who is the current CEO of Driptech India?
Goutam Kumar Das is the current CEO of Driptech India.
Is Driptech India a funded company?
Driptech India is a funded company, having raised a total of $8.72M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6.12M, raised on Jun 19, 2009.
How many employees does Driptech India have?
As of Apr 02, 2024, the latest employee count at Driptech India is 60.
What is the annual revenue of Driptech India?
Annual revenue of Driptech India is $1.63M as on Mar 31, 2023.
What does Driptech India do?
Provider of cost-effective drip irrigation systems and solutions. It offers a complete range of micro-irrigation products, including dripper-less drip systems, laser spray technology, flexible pipes, and various drip irrigation kits. The company also provides accessories, fittings, pipes, and solar pumping solutions. Its products are designed to be user-friendly and require minimal maintenance, addressing common barriers to drip irrigation adoption. The focus is on delivering innovative technology to improve water efficiency and crop yields.
Who are the top competitors of Driptech India?
Driptech India's top competitors include CropIn, HydroPoint and Solinftec.
What products or services does Driptech India offer?
Driptech India offers Laser Drip, Laser Spray, Drip Irrigation Kits, and DT-Flexi Pipe.
Who are Driptech India's investors?
Driptech India has 3 investors. Key investors include Westlake Chemical, Khosla Impact, and LGT.
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