About Drops
Drops is a company based in Tallinn (Estonia) founded in 2015 by Mark Szulyovszky and Daniel Farkas was acquired by Kahoot in November 2020. It operates as a SaaS (Software-as-a-Service), and Freemium. Drops offers products and services including Drops App, Drops Premium, and Visual Dictionary. Drops operates in a competitive market with competitors including Gymglish, OckyPocky, HelloTalk, Speakly and Hello English, among others.
- Headquarter Tallinn, Estonia
- Founders Mark Szulyovszky, Daniel Farkas
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Sectors
EducationMedia & Entertainment
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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 Planb Labs Oü
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Products & Services of Drops
Drops offers a comprehensive portfolio of products and services, including Drops App, Drops Premium, and Visual Dictionary. 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.
Language skills are developed through short daily lessons.
Enhanced learning is offered with unlimited ad-free access.
Vocabulary is expanded using visual association learning tools.
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Funding Insights of Drops
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Drops
Drops has secured backing from 1 investor. Prominent investors backing the company include Kahoot. 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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Cloud-based gamified content management platform for schools and organizations
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Drops
| 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 - Drops
| 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 |
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Drops Comparisons
Competitors of Drops
Drops 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 Gymglish, OckyPocky, HelloTalk, Speakly and Hello English, 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 |
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| domain | founded_year | HQ Location |
Adaptive English lessons are delivered via daily emails.
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Vernacular-based English learning app for preschool kids is provided.
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Language learning is enabled through a peer-to-peer mobile app.
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| domain | founded_year | HQ Location |
Online language learning resources are provided via spaced repetition.
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| domain | founded_year | HQ Location |
Provider of English language learning solutions
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| domain | founded_year | HQ Location |
Collaborative language learning is facilitated online through reading and listening.
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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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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drops
Frequently Asked Questions about Drops
When was Drops founded?
Drops was founded in 2015.
Where is Drops located?
Drops is headquartered in Tallinn, Estonia.
Who is the current CEO of Drops?
Daniel Farkas is the current CEO of Drops. They have also founded this company.
What does Drops do?
Language skills are developed by Drops through a mobile application offering quick, daily lessons for over 50 languages. Visual association and spaced repetition techniques are utilized to enhance learning. The platform caters to beginners, intermediate, and advanced learners, focusing on vocabulary and conversational skills. Premium subscriptions are provided for unlimited access and ad-free experiences, ensuring flexible learning at the users pace across various devices.
Who are the top competitors of Drops?
Drops's top competitors include OckyPocky, Hello English and Gymglish.
What products or services does Drops offer?
Drops offers Drops App, Drops Premium, and Visual Dictionary.
Who are Drops's investors?
Drops has 1 investor. Key investors include Kahoot.
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