When was Dropit founded?

Dropit was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Where is Dropit located?

Dropit is headquartered in London, United Kingdom. It is registered at Unit 3 Blackhill Drive Wolverton Mill, Milton Keynes, United Kingdom, MK12 5TS.

How many employees does Dropit have?

As of Jun 30, 2026, the latest employee count at Dropit is 44.

Is Dropit a funded company?

Dropit is a funded company, having raised a total of $50M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2016.

When was the latest funding round of Dropit?

Dropit's latest funding was a $***** Series C round on Nov 03, 2022, with participation from 4 investors. Its primary sector is Local Services. In United Kingdom, the Local Services sector has seen $87.5M in funding in 2026 to date.

Where does Dropit rank among its competitors?

Dropit ranks 2nd amongst 12 active competitors, of which 4 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Montreal Mini-Storage, which secured $135M in Oct, 2023.

Who are the top competitors of Dropit?

Dropit's top competitors include Bolt, Locketgo and Spaceful. Among them, Montreal Mini-Storage secured the most recent funding round in October, 2023.

Dropit - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Dropit provides an online platform for pickup and delivery of shopping bags. Customers can shop at Dropit partner stores and leave their bags in a designated zone or Dropit spot. After the customer has finished shopping, they can request for the packages to be delivered at their residence or hotel. Its partner stores include M&S, Pinko, Lacoste, Scalpers and Karen Millen among others.

Website: www.dropit.shop/
Social
Email ID: *****@dropitshopping.com
Phone Number: +44 **********
Registered Address: Unit 3 Blackhill Drive Wolverton Mill, Milton Keynes, United Kingdom, MK12 5TS

Key Metrics

Founded Year

2014

Location

London, United Kingdom

Stage

Series C

Total Funding

$50M in 3 rounds

Latest Funding Round

Series C, Nov 03, 2022, $*****

Investors

Vault Investments & 3 more

Ranked

2^nd among 12 active competitors

Employee Count

44 as on Jun 30, 2026

Similar Companies

Saltbox & 179 more

View Dropit's full profile

Dropit is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DROPIT SHOPPING LTD CIN: 09231895 , United Kingdom, Active	Sep 22, 2014	-	24 (As on Dec 31, 2021)

Dropit has raised a total funding of $50M over 3 rounds. Its first funding round was on 2016. Its latest funding round was a Series C round on Nov 03, 2022 for $*****. 4 investors participated in its latest round. Dropit has 3 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Dropit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 03, 2022	9529152	Series C	1929289	6460228	3062204	1433706
2018	2039	Series A	9230	2828	6526	8434
2016	9864	Seed	6401	7533	4640	5990

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View details of Dropit's funding rounds and investors

The founders of Dropit is Karin Cabili.

Here are the details of Dropit's key team members:

Karin Cabili: Founder & CEO of Dropit. They serve on the board of 1 company.

Dropit's Board of Directors

Dropit's board has 3 active members. Karin Cabili is part of team and James Gear and Joshua Jacob Moshe Alliance are independent board members.

Here is the list of Dropit's board of directors:

Name	Type	Representing	Status	Duration
Karin Cabili	Team	-	Current	11y 10m
James Gear	Independent board member	-	Current	5y 11m
cahnoul	Independent board member	-	Current	6y 2m

View details of Dropit's Founder profiles and Board Members

Dropit's employee count trend

Dropit has 44 employees as of Jun 26. Here is Dropit's employee count trend over the years:

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Top competitors of Dropit include Bolt, Locketgo and Spaceful. Here is the list of Top 10 competitors of Dropit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bolt 2016, Toronto (Canada), Series C	Provider of fulfillment, shipping, and last mile delivery supply chain services	$150M	Yaletown, Export Development Canada & 16 others	63/100
2nd	Dropit 2014, London (United Kingdom), Series C	Online platform for pickup and delivery of shopping bags	$50M	Axentia, TIGA & 2 others	51/100
3rd	Locketgo 2016, Montreal (Canada), Seed	Online platform for booking storage locker space	$1.2M	Anges Quebec, Real Ventures & 4 others	32/100
4th	Spaceful 2016, Montreal (Canada), Seed	Offers a platform for leasing on-demand self-storage units	$1.3M	Rivemont & 1 others	26/100
5th	Storage Fellows 2020, Montreal (Canada), Unfunded	Provider of a platform for booking on-demand storage services	-	-	25/100
6th	Montreal Mini-Storage 2009, Montreal (Canada), Funding Raised	Offers an app-based platform for renting warehouse spaces	-	-	24/100
7th	Stow Spot 2016, Toronto (Canada), Funding Raised	Provider of an online self-storage marketplace	-	Quadra5 Ventures	22/100
8th	Wareleads 2021, Toronto (Canada), Funding Raised	Online platform for finding warehouses and connecting with warehouse providers	-	Quadra5 Ventures	22/100
9th	Storagehotel 2019, Vancouver (Canada), Unfunded	Online platform for booking storage services	-	-	18/100
10th	YouPackWeStore 2012, Waterloo (Canada), Unfunded	Offers a platform providing on-demand self-storage services	-	-	18/100