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
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Sectors
Business Services
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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 Dropit Shopping Ltd
- Date of Incorporation 23 Sep, 2014
- Jurisdiction MILTON KEYNES, UNITED KINGDOM
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$25 M (USD)
in 3 rounds
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Latest Funding Round
$25 M (USD), Series C
Nov 03, 2022
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Investors
Tiga Acquisition Corp.
& 3 more
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Employee Count
24
as on Dec 31, 2021
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Products & Services of Dropit
Dropit offers a comprehensive portfolio of products and services, including Allocation Tool, Restock Tool, and Returns Tool.
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.
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.
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Display systems for public transport are manufactured by Axentia.
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Tiga Acquisition Corp. is engaged in investment and acquisition activities.
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Investor details for Dropit
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Investments & Acquisitions by Dropit
Investment portfolio details for Dropit
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Financial Statements - Dropit
Detailed financials for Dropit
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Dropit Comparisons
Peer comparison for Dropit
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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.
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Storage lockers for events are booked via online platform.
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Warehouse spaces are rented via an app-based platform.
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On-demand self-storage units are leased via an online platform.
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Student storage service providing pickup, secure storage, and delivery for belongings.
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Offers a platform for on-demand self-storage services.
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Detailed competitors of Dropit
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Latest news on Dropit
Complete news archive for Dropit
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Frequently Asked Questions about Dropit
Dropit was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Dropit is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Dropit is a funded company, having raised a total of $25M across 3 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Dropit is 24.
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.
Dropit offers Allocation Tool, Restock Tool, and Returns Tool.
Dropit has 4 investors. Key investors include Tiga Acquisition Corp, Axentia, Vault Investments, and Terry Lundgren.