About Droplet
Droplet is a company based in Gurugram (India) founded in 2015 by Sundeep Mittal was acquired by Tata 1mg in March 2017.. Droplet has raised $226.64 thousand across 1 funding round from investors including Tata 1mg. The company has 7 employees as of April 05, 2024. Droplet operates in a competitive market with competitors including Orphalan, NIMBLE Diagnostics, OneroRx, Nutrasource and Medi-Globe Group, among others.
- Headquarter Gurugram, India
- Employees 7 as on 05 Apr, 2024
- Founders Sundeep Mittal
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lfs Healthcare Private Limited
- Date of Incorporation 24 Nov, 2015
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$9.49 M (USD)202.15as on Mar 31, 2023
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Net Profit
$901.53 K (USD)249.1as on Mar 31, 2023
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EBITDA
$360.71 K (USD)157.37as on Mar 31, 2023
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Total Equity Funding
$226.64 K (USD)
in 1 rounds
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Latest Funding Round
$226.64 K (USD), Seed
Jan 04, 2016
- Investors
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Employee Count
7
as on Apr 05, 2024
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Acquired by
Tata 1mg
(Mar 10, 2017)
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $226,638
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First Round
First Round
(04 Jan 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Seed - Droplet | Valuation | Tata 1mg |
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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 Droplet
Droplet has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Tata 1mg. 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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Provider of an online pharmacy with doctor listing and teleconsultation services
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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 Droplet
| 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 - Droplet
| 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 |
Droplet Comparisons
Competitors of Droplet
Droplet 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 Orphalan, NIMBLE Diagnostics, OneroRx, Nutrasource and Medi-Globe Group, 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 |
Developer and provider of access to innovative treatments to patients with rare diseases
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| domain | founded_year | HQ Location |
Non-invasive diagnostic devices for cardiovascular stent monitoring are developed.
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| domain | founded_year | HQ Location |
Telepharmacy services are delivered via an online platform for consultations.
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| domain | founded_year | HQ Location |
Marketing services are provided for healthcare, nutraceutical, and pharmaceutical sectors.
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| domain | founded_year | HQ Location |
Medical diagnostic and treatment solutions are developed and marketed.
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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 Droplet
When was Droplet founded?
Droplet was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Droplet located?
Droplet is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Droplet a funded company?
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 04, 2016.
How many employees does Droplet have?
As of Apr 05, 2024, the latest employee count at Droplet is 7.
What is the annual revenue of Droplet?
Annual revenue of Droplet is $9.49M as on Mar 31, 2023.
What does Droplet do?
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.
Who are the top competitors of Droplet?
Droplet's top competitors include Orphalan, PharmaReview and NIMBLE Diagnostics.
Who are Droplet's investors?
Droplet has 1 investor. Key investors include Tata 1mg.
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