About Dropshop Network
Dropshop Network is a company based in Bengaluru (India) founded in 2019 by Udit Dhawan and Rohit Fernandes. Dropshop Network has raised $7.62 million across 11 funding rounds from investors including Cavinkare, Spark Capital and Axilor Ventures. The company has 14 employees as of April 07, 2024. Dropshop Network operates in a competitive market with competitors including Shiprocket, Shippo, Sorted, ShipBob and Deliverr, among others.
- Headquarter Bengaluru, India
- Employees 14 as on 07 Apr, 2024
- Founders Udit Dhawan, Rohit Fernandes
- Stage Minicorn
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Sectors
TechnologyTransportation, Automotive & Logistics
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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 Dropshop Network Private Limited.
- Date of Incorporation 09 May, 2019
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$4.61 M (USD)0as on Mar 31, 2023
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Net Profit
-$2.87 M (USD)0as on Mar 31, 2023
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EBITDA
-$2.83 M (USD)0as on Mar 31, 2023
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Total Equity Funding
$7.62 M (USD)
in 11 rounds
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Latest Funding Round
$323 K (USD), Series A
May 11, 2024
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Investors
Cavinkare
& 62 more
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Employee Count
14
as on Apr 07, 2024
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Funding Insights of Dropshop Network
Dropshop Network has successfully raised a total of $7.62M across 11 strategic funding rounds. The most recent funding activity was a Series A round of $323 thousand completed in May 2024. 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 Dropshop Network
Dropshop Network has secured backing from 63 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Cavinkare, Spark Capital and Axilor Ventures.
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Investments are made in digital society, education, and employability sectors.
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Angel investing and mentorship for early-stage startups in India.
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Investment philosophy, portfolio management, and advisory services in Ahmedabad.
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Investor details for Dropshop Network
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Investments & Acquisitions by Dropshop Network
Investment portfolio details for Dropshop Network
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Financial Statements - Dropshop Network
Detailed financials for Dropshop Network
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Dropshop Network Comparisons
Peer comparison for Dropshop Network
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Competitors of Dropshop Network
Dropshop Network 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 Shiprocket, Shippo, Sorted, ShipBob and Deliverr, among others.
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E-commerce tools for shipping, marketing, and financial services are provided.
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Web-based shipping solutions are provided for e-commerce businesses.
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E-commerce shipping operations are managed via SaaS platform.
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E-commerce fulfillment solutions are provided for direct-to-consumer brands.
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Tech-enabled fulfillment services are provided to e-commerce businesses.
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SaaS-based omnichannel retail management software is provided for retailers.
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Detailed competitors of Dropshop Network
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Latest news on Dropshop Network
Complete news archive for Dropshop Network
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Frequently Asked Questions about Dropshop Network
Dropshop Network was founded in 2019.
Dropshop Network is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Udit Dhawan is the current CEO of Dropshop Network. They have also founded this company.
Dropshop Network is a funded company, having raised a total of $7.62M across 11 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Dropshop Network is 14.
Annual revenue of Dropshop Network is $4.61M as on Mar 31, 2023.
Dropshop Network was founded in 2019 in Bengaluru, India, operating in the retail sector. Regional brands are partnered with and acquired to optimize production and distribution processes. Market insights are applied to extend their market presence. Small retailers are supported through products suited for quick turnover and strong margins. Access to cost-effective, quality goods is enabled for broader consumer groups, with emphasis on developing mass-market brands from local operations.
Dropshop Network's top competitors include Shiprocket, Shippo and ShipBob.
Dropshop Network has 63 investors. Key investors include Cavinkare, Spark Capital, Axilor Ventures, The Chennai Angels, and Jetty Ventures.
The valuation of Dropshop Network is $7.88M as of Apr 2021.