About NextDrop Technologies
NextDrop Technologies was a Technology company based in Bengaluru (India) founded in 2011 by Devin Miller, Anu Sridharan, and Ashish Jhina. It provides a utility water data communication platform for efficient management. It operates on a B2B model. NextDrop Technologies has raised $150 thousand across 1 funding round from investors including Y Combinator. Its chief executive, as recorded, is Anu Sridharan. The company is recorded as dissolved. Its focus areas include Software, Data Communication and Utility Management. Its legal entity in India is Nextdrop Water Tracking Technologiesprivate Limited (U72900KA2017PTC102867).
Company details
NextDrop Technologies provides a utility water data communication platform for efficient management through leveraging cutting-edge technology, software, data communication, and utility management. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Founders Devin Miller, Anu Sridharan, Ashish Jhina
- SectorsTechnology
- Website thenextdrop.com
- Social X Facebook
- Legal Name Nextdrop Water Tracking Technologiesprivate Limited
- Date of Incorporation 10 May, 2017
- Jurisdiction Bangalore, Karnataka, India
- Net Profit-$2.5 (USD)99.93as on Mar 31, 2020
- EBITDA-$2.5 (USD)99.93as on Mar 31, 2020
- Total Equity Funding$150K (USD)
in 1 rounds
- Latest Funding Round$150K (USD), Seed
Jun 2017
- Investors
Associated legal entities of NextDrop Technologies
NextDrop Technologies operates through Nextdrop Water Tracking Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nextdrop Water Tracking Technologies Private Limited CIN U72900KA2017PTC102867 | Active | 10 May 2017 | Bangalore, Karnataka | 2 | View details |
Funding Insights of NextDrop Technologies
NextDrop Technologies has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in June 2017. 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 $150,000
- Total Rounds 1
- Last Round Seed — $150,000
- First Round $150,000
(Jun 2017)
- Investors Count 1
All 1 funding rounds of NextDrop Technologies 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 |
|---|---|---|---|---|---|
| Jun 2017 | $150,000 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in NextDrop Technologies
NextDrop Technologies has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States |
Investor details for NextDrop Technologies
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 Nextdrop Water Tracking Technologies Private Limited (NextDrop Technologies)
Nextdrop Water Tracking Technologies Private Limited is the primary company behind NextDrop Technologies. The board of Nextdrop Water Tracking Technologies Private Limited currently have 2 directors; the longest-serving is Devin Thomas Miller, appointed in 2017. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devin Thomas Miller DIN 07322797 | Director | 24 Jul 2017 | 9 yrs 3 mo | Nextdrop Water Tracking Technologies Private Limited |
| Anurag Megha Sridharan DIN 03641715 | Director | 24 Jul 2017 | 9 yrs 3 mo | Nextdrop Water Tracking Technologies Private Limited |
People of NextDrop Technologies
3 people are tracked at NextDrop Technologies (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Anu Sridharan | Co-Founder, CEO | Leadership |
Ashish Jhina | Co-Founder | Leadership |
Complete people profiles for NextDrop Technologies
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.
Timeline of NextDrop Technologies
2 dated milestones of NextDrop Technologies across 6 years, from founding to its latest funding, stage changes and deals.
- Founded NextDrop Technologies is founded.
- Funding First funding round of $150K.
Top companies in Internet Browsers & Utility Software
2 companies that operate in the same segment as NextDrop Technologies (Internet Browsers & Utility Software) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | USD 73.11 M | 493 | |
Keyboard platform for expression assistance and recommendations is developed. | 2012 | Gurugram, Haryana, India | USD 26.74 M | USD 3.69 M | 81 |
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Frequently Asked Questions about NextDrop Technologies
NextDrop Technologies was founded in 2011 and raised its 1st funding round 6 years after it was founded.
NextDrop Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Anu Sridharan is the CEO of NextDrop Technologies, as recorded in our data. They have also founded this company.
NextDrop Technologies is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Jun 2017.
NextDrop Technologies provides a utility water data communication platform for efficient management through leveraging cutting-edge technology, software, data communication, and utility management. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
NextDrop Technologies has 1 investor. Key investors include Y Combinator.
NextDrop Technologies operates through Nextdrop Water Tracking Technologies Private Limited.
The legal entities of NextDrop Technologies currently have 2 directors, including Devin Thomas Miller, Anurag Megha Sridharan.