3 years ago

Dropit Secures $25 Million in Series C Funding to Expand Retail Software

  • Dropit, a retail technology company, has raised $25 million in a Series C funding round led by Vault Investments

  • The company's software helps retailers sell in-store stock online, turn locations into distribution points, and reduce their environmental impact

  • Dropit counts major brands like Harrods, Hollister, Nike, Dr

  • Martens, Razer, Uniqlo, and Ralph Lauren among its customers

  • The funding will be used to grow Dropit's sales office in the US.

      • ProblemRetail Technology

      "retail brands having separate in-store and online inventories, causing operational inefficiencies and environmental impact"

      Solution

      "unifying online and offline inventories to reduce operational costs, minimize environmental impact, and speed up shipping times"

      Covered on