# Dropit Shopping

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dropit-shopping

- Industry: Software
- Headquarters: London, UK
- Website: www.dropit.shop
- Total disclosed funding: $25M
- Latest round: Series C (Nov 3, 2022)
- Investors on record: 4

## About

Based in London, UK, and founded in 2014 by CEO Karin Cabili, Dropit Shopping Limited, a.k.a. Dropit is a software provider to retailers that enables brands to sell their in-store inventory online, essentially converting brick-and-mortar outlets into a local distribution hub. In November 2022, Dropit Shopping Limited raised USD 25 million in a Series C funding led by Vault Investments, with participation from Axentia Solutions, Sugarbee Inc., and Tiga Investments.

The company provides a retail technology platform that unifies merchants' online and in-store inventories. The platform consolidates sales and fulfillment channels, connecting any tech stack to omnichannel solutions that boost every aspect of retail. Dropit also offers a mobile application that allows users to shop bag-free and pick up purchases when ready to leave or have them sent home. The firm’s client base includes retail brands including L'Occitane, Abercrombie & Fitch, and Estee Lauder, in addition to shopping malls.

Dropit plans to use its proceeds from November 2022 funding to hire a sales team and invest in client support staff to support its retail brand and mall customers. The company also plans to accelerate its existing business growth in the U.S. and Canada.

## Funding rounds

- Series C, Nov 3, 2022, $25M — Axentia Solutions, Tiga Investments, Vault Investments, Sugarbee Inc.

## Investors

- Axentia Solutions — Series C
- Tiga Investments (https://capitalatlas.ai/funds/tiga-investments) — Series C
- Vault Investments (https://capitalatlas.ai/funds/vault-investments) — Series C
- Sugarbee Inc. — Series C