About Droplet
Droplet is a Healthcare company based in Gurugram (India) founded in 2015 by Sundeep Mittal, and was acquired by Tata 1mg in March 2017. Home pathology samples are collected and diagnostic tests are provided. Droplet has raised $226.64 thousand across 1 funding round from investors including Tata 1mg. The company has 7 employees. Its Indian entity Lfs Healthcare Private Limited reported revenue of ₹78.90 Cr. Its focus areas include Services for Healthcare Providers, BPO, Outsourced Clinical Services and Nuclear Pharmacies.
Company details
Droplet was founded in 2015 and is headquartered in Gurugram, India. Operations focus on the healthcare sector, where home-based collection of pathology samples is facilitated alongside diagnostic testing services. These offerings enable accessible medical diagnostics for patients, with activities centered in the Indian market. Key personnel include co-founder Sundeep Mittal.
- Headquarters Gurugram, India
- Employees 7
- Founders Sundeep Mittal
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website droplet.net.in
- Social LinkedIn
- Acquired by Tata 1mg (Mar 2017)
- Legal Name Lfs Healthcare Private Limited
- Date of Incorporation 24 Nov, 2015
- Jurisdiction Gurgaon, Haryana, India
Associated legal entities of Droplet
Droplet is associated with 2 registered companies on The Company Check; the primary company is Lfs Healthcare Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lfs Healthcare Private Limited CIN U85100HR2015PTC057368 | Active | 24 Nov 2015 | Gurgaon, Haryana | ₹78.9 Cr | 7 | 2 | View details |
| Tata 1Mg Technologies Private Limited CIN U74140DL2015PTC279229 | Active | 20 Apr 2015 | New Delhi, Delhi | ₹2,904 Cr | 1,807 | 10 | View details |
Funding Insights of Droplet
Droplet has successfully raised a total of $226.64K through 1 strategic funding round. The most recent funding activity was a Seed round of $226.64 thousand completed in January 2016. 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 $226,638
- Total Rounds 1
- Last Round Seed — $226,638
- First Round $226,638
(Jan 2016)
- Investors Count 1
All 1 funding rounds of Droplet with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2016 | $226,638 | Seed | – | Tata 1mg | – |
1 investors in total: 1 institutional.
Investors in Droplet
Droplet has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tata 1mg.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of an online pharmacy with doctor listing and teleconsultation services | 2015 | 1mg.com | Delhi, India |
Investor details for Droplet
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Lfs Healthcare Private Limited (Droplet)
Lfs Healthcare Private Limited is the primary company behind Droplet. The boards of the 2 registered companies of Droplet currently have 10 directors; the longest-serving is Prashant Tandon, appointed in 2015. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prashant Tandon DIN 02887793 | Managing Director | 20 Apr 2015 | 11 yrs 6 mo | Tata 1Mg Technologies Private Limited |
| Gaurav Agarwal DIN 07497713 | Director | 27 Apr 2016 | 10 yrs 5 mo | Tata 1Mg Technologies Private Limited |
| Tanmay Saksena DIN 03623581 | Director | 04 May 2017 | 9 yrs 5 mo | Lfs Healthcare Private Limited |
| Vanessa Cynthia Frey DIN 08306322 | Nominee Director | 19 Dec 2018 | 7 yrs 10 mo | Tata 1Mg Technologies Private Limited |
| Menon Hari DIN 03404629 | Nominee Director | 09 Jun 2021 | 5 yrs 4 mo | Tata 1Mg Technologies Private Limited |
| Ankur Verma DIN 07972892 | Nominee Director | 09 Jun 2021 | 5 yrs 4 mo | Tata 1Mg Technologies Private Limited |
| Manisha Mishra DIN 07717630 | Director | 31 Jul 2021 | 5 yrs 2 mo | Lfs Healthcare Private Limited |
| David Byrd Singer DIN 08338492 | Nominee Director | 05 Jul 2024 | 2 yrs 3 mo | Tata 1Mg Technologies Private Limited |
| Sivanandan Sajith DIN 10669845 | Nominee Director | 10 Sep 2025 | 1 yr 1 mo | Tata 1Mg Technologies Private Limited |
| Suma Venkatesh DIN 07271283 | Nominee Director | 10 Sep 2025 | 1 yr 1 mo | Tata 1Mg Technologies Private Limited |
People of Droplet
1 people are tracked at Droplet (1 in leadership); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Droplet
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Droplet
Figures of Lfs Healthcare Private Limited, the primary company behind Droplet, for FY 2023. Revenue was ₹78.90 Cr (+202% year on year). Net profit was ₹7.50 Cr (10% margin). EBITDA was ₹3.00 Cr (4% margin). Revenue has grown at a compounded annual rate of +10% over three years and +32% over five years.
- ₹78.90 CrRevenue · FY 2023 · +202% YoY
- ₹7.50 CrNet profit · 10% margin
- ₹3.00 CrEBITDA · 4% margin
- ₹1.53 CrPaid-up capital
- 7Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- +32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lfs Healthcare Private Limited are on its company page.
Detailed financial statements for Droplet
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Droplet
3 dated milestones of Droplet across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Droplet is founded.
- Funding First funding round of $227K.
- Exit Acquired by Tata 1mg.
Top companies in Healthcare Provider Support Services
2 companies that operate in the same segment as Droplet (Healthcare Provider Support Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Emergency medical transportation and ambulance services are provided. | 2016 | Hyderabad, Telangana, India | USD 34.31 M | USD 8.57 M | 1,371 | |
Health insurance platform for individuals | 2019 | Mumbai, Maharashtra, India | USD 13.7 M | USD 10.48 M | 109 |
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Frequently Asked Questions about Droplet
Droplet was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Droplet is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Droplet is a funded company, having raised a total of $226.64K across 1 funding round to date. The company's 1st funding round was a Seed of $226.64K, raised on Jan 2016.
Droplet has 7 employees.
The primary company behind Droplet, Lfs Healthcare Private Limited, reported revenue of ₹78.90 Cr for FY 2023, up 202% year on year.
Droplet was founded in 2015 and is headquartered in Gurugram, India. Operations focus on the healthcare sector, where home-based collection of pathology samples is facilitated alongside diagnostic testing services. These offerings enable accessible medical diagnostics for patients, with activities centered in the Indian market. Key personnel include co-founder Sundeep Mittal.
Droplet has 1 investor. Key investors include Tata 1mg.
Droplet is associated with 2 legal entities: Lfs Healthcare Private Limited, Tata 1Mg Technologies Private Limited.
Yes. Droplet was acquired by Tata 1mg in March 2017.
The legal entities of Droplet currently have 12 directors, including Menon Hari, David Byrd Singer, Sivanandan Sajith and others.