About Dropit
Dropit is a company based in London (United Kingdom) founded in 2014.. Dropit has raised $25 million across 3 funding rounds from investors including Tiga Acquisition Corp., Axentia and Vault Investments. The company has 24 employees as of December 31, 2021. Dropit offers products and services including Allocation Tool, Restock Tool, and Returns Tool. Dropit operates in a competitive market with competitors including Locketgo, Montreal Mini-Storage, Spaceful, Storage Fellows and YouPackWeStore, among others.
- Headquarter London, United Kingdom
- Employees 24 as on 31 Dec, 2021
-
Sectors
Business Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Dropit Shopping Ltd
- Date of Incorporation 23 Sep, 2014
- Jurisdiction MILTON KEYNES, UNITED KINGDOM
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$25 M (USD)
in 3 rounds
-
Latest Funding Round
$25 M (USD), Series C
Nov 03, 2022
-
Investors
Tiga Acquisition Corp.
& 3 more
-
Employee Count
24
as on Dec 31, 2021
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Dropit
Dropit offers a comprehensive portfolio of products and services, including Allocation Tool, Restock Tool, and Returns Tool. 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.
Uses machine learning for smart distribution decisions in retail.
Dynamically rebalances inventory based on demand patterns.
Optimizes return-to-shelf processes with data integration.
Funding Insights of Dropit
Dropit has successfully raised a total of $25M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in November 2022. 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 3
- Last Round Series C — $25.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series C - Dropit | Valuation | Vault Investments | |
| Jun, 2018 | Amount | Series A - Dropit | Valuation |
investors |
|
| Jun, 2016 | Amount | Seed - Dropit | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Dropit
Dropit has secured backing from 4 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tiga Acquisition Corp., Axentia and Vault Investments. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Display systems for public transport are manufactured by Axentia.
|
Founded Year | Domain | Location | |
|
Tiga Acquisition Corp. is engaged in investment and acquisition activities.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Dropit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Dropit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Dropit Comparisons
Competitors of Dropit
Dropit 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 Locketgo, Montreal Mini-Storage, Spaceful, Storage Fellows and YouPackWeStore, 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 |
Storage lockers for events are booked via online platform.
|
|
| domain | founded_year | HQ Location |
Warehouse spaces are rented via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand self-storage units are leased via an online platform.
|
|
| domain | founded_year | HQ Location |
Student storage service providing pickup, secure storage, and delivery for belongings.
|
|
| domain | founded_year | HQ Location |
Offers a platform for on-demand self-storage services.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Dropit
Frequently Asked Questions about Dropit
When was Dropit founded?
Dropit was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Dropit located?
Dropit is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Dropit a funded company?
Dropit is a funded company, having raised a total of $25M across 3 funding rounds to date.
How many employees does Dropit have?
As of Dec 31, 2021, the latest employee count at Dropit is 24.
What does Dropit do?
Dropit was founded in 2014 in London, United Kingdom, where an online platform is operated for the pickup and delivery of shopping bags from partner stores. Bags are left in designated zones after customers shop at retailers including MS, Pinko, Lacoste, Scalpers, and Karen Millen. Deliveries are then requested to residences or hotels, supporting retail logistics in the e-commerce sector.
Who are the top competitors of Dropit?
What products or services does Dropit offer?
Dropit offers Allocation Tool, Restock Tool, and Returns Tool.
Who are Dropit's investors?
Dropit has 4 investors. Key investors include Tiga Acquisition Corp., Axentia, Vault Investments, and Terry Lundgren.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.