About Droplette
Droplette is a company based in Boston (United States) founded in 2017 by Rathi Srinivas and Madhavi Gavini.. Droplette has raised $39.5 million across 4 funding rounds from investors including Spark Capital, Amplifyher and Visible Ventures. The company has 66 employees as of December 31, 2022. Droplette offers products and services including Droplette Device, Collagen Boosting Hydrofiller Capsules, and Retinol Renewer Capsules. Droplette operates in a competitive market with competitors including ZIIP Beauty, Wethera, Skin Lord Co and CicaLux, among others.
- Headquarter Boston, United States
- Employees 66 as on 31 Dec, 2022
- Founders Rathi Srinivas, Madhavi Gavini
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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 Droplette Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39.5 M (USD)
in 4 rounds
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Latest Funding Round
$21.05 M (USD), Series B
Dec 02, 2021
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Investors
Spark Capital
& 4 more
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Employee Count
66
as on Dec 31, 2022
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Products & Services of Droplette
Droplette offers a comprehensive portfolio of products and services, including Droplette Device, Collagen Boosting Hydrofiller Capsules, and Retinol Renewer Capsules. 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.
Patented tool for delivering serums deeply into skin layers.
Capsules that enhance skin hydration and reduce fine lines.
Formulas for improving skin texture and addressing dullness.
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Funding Insights of Droplette
Droplette has successfully raised a total of $39.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $21.05 million completed in December 2021. 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 4
- Last Round Series B — $21.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - Droplette | Valuation | Spark Capital , Visible Ventures | |
| Aug, 2019 | Amount | Series A - Droplette | Valuation | Spark Capital |
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| Aug, 2019 | Amount | Series A - Droplette | Valuation |
investors |
| 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 Droplette
Droplette has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Spark Capital, Amplifyher and Visible Ventures. 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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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investments in early-stage businesses are made by Visible Ventures.
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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 Droplette
| 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 - Droplette
| 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 |
Droplette Comparisons
Competitors of Droplette
Droplette 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 ZIIP Beauty, Wethera, Skin Lord Co and CicaLux, 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 |
Skin care accessories are branded and distributed by ZIIP Beauty.
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| domain | founded_year | HQ Location |
An online beauty brand offering a range of natural skincare products.
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| domain | founded_year | HQ Location |
Operates a direct-to-consumer brand offering smart beauty devices.
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| domain | founded_year | HQ Location |
Specializes in wearable medical devices for scar care therapy solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Droplette
Frequently Asked Questions about Droplette
When was Droplette founded?
Droplette was founded in 2017.
Where is Droplette located?
Droplette is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Droplette?
Madhavi Gavini is the current CEO of Droplette. They have also founded this company.
Is Droplette a funded company?
Droplette is a funded company, having raised a total of $39.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8.83M, raised on Jun 01, 2017.
How many employees does Droplette have?
As of Dec 31, 2022, the latest employee count at Droplette is 66.
What does Droplette do?
Droplette was founded in 2017 and is based in Boston, United States. Operations focus on the skincare sector through provision of smart devices. The core product, a Droplette device, is engineered with fluid dynamics, piezoelectric effects, and Ficks laws of diffusion to generate micro-mists achieving injectable-level penetration. Integration with a mobile app allows skin health monitoring.
Who are the top competitors of Droplette?
Droplette's top competitors include ZIIP Beauty, Wethera and Skin Lord Co.
What products or services does Droplette offer?
Droplette offers Droplette Device, Collagen Boosting Hydrofiller Capsules, and Retinol Renewer Capsules.
Who are Droplette's investors?
Droplette has 5 investors. Key investors include Spark Capital, Amplifyher, Visible Ventures, Bolt, and MIT Alumni Angels.
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