About DropCar
DropCar is a company based in New York (United States) founded in 2015 was acquired by WPCS in September 2017.. DropCar operates in a competitive market with competitors including Luxe, Valet Anywhere, CurbStand, WallyPark and Caarbon, among others.
- Headquarter New York, United States
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Funding Insights of DropCar
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $2.5M
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First Round
First Round
(22 May 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Post-IPO - DropCar | Valuation |
investors |
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| Mar, 2018 | Amount | Post-IPO - DropCar | Valuation |
investors |
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| Mar, 2018 | Amount | Post-IPO - DropCar | 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 DropCar
DropCar has secured backing from 1 investor. Prominent investors backing the company include WPCS. 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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Low voltage communication infrastructure services are provided by WPCS.
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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 DropCar
| 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 - DropCar
| 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 |
Dropcar Comparisons
Competitors of DropCar
DropCar 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 Luxe, Valet Anywhere, CurbStand, WallyPark and Caarbon, 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 |
Valet parking services are booked via a mobile app.
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| domain | founded_year | HQ Location |
On-demand valet parking is facilitated via a mobile application.
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| domain | founded_year | HQ Location |
Payment for parking tickets and valet through wallet
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| domain | founded_year | HQ Location |
An app-based platform for booking parking lots and on-demand services.
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| domain | founded_year | HQ Location |
On-demand valet parking is facilitated via a mobile app.
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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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Latest news on Dropcar
Frequently Asked Questions about DropCar
When was DropCar founded?
DropCar was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is DropCar located?
DropCar is headquartered in New York, United States. It is registered at New York, New York, United States.
What does DropCar do?
DropCar was founded in 2015 in New York, United States, as an app-based platform in the parking services sector. Reservations for parking spots are facilitated through the mobile application, where location, user details, and payment information are submitted. The service is accessible on both Android and iOS devices, enabling users to secure spots in advance across supported areas. Operations focus on streamlining urban parking access without physical infrastructure management.
Who are the top competitors of DropCar?
DropCar's top competitors include Oobeo, Luxe and Divine Services.
Who are DropCar's investors?
DropCar has 1 investor. Key investors include WPCS.