Dropps

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Dropps - overview

Established

2005

Location

Philadelphia, PA, US

Primary Industry

Chemicals

About

Dropps is a company focused on developing eco-friendly laundry and dishwasher pods, utilizing biobased formulas to enhance cleaning efficacy while reducing environmental impact. Founded in 2005 in Philadelphia, US, Dropps specializes in eco-friendly cleaning solutions with a focus on laundry and dishwasher pods. The company was acquired by The Craftory Limited in February 2020 for USD 16 mn. Jonathan Propper is one of the founders involved in the company's strategic direction.


Dropps specializes in the development and distribution of eco-friendly laundry and dishwasher pods, leveraging biobased formulas designed for effective cleaning with minimal environmental impact. Core products include the Laundry 4-in-1 Plus Oxi detergent pods and the UltraWash Plus Biobased Power dishwasher detergent pods, catering to environmentally conscious consumers and families seeking efficient cleaning solutions, primarily in the United States. Dropps generates revenue through direct-to-consumer sales, focusing on subscription services and one-time purchases on their website. Customers can subscribe for recurring orders of their flagship products, such as the Laundry 4-in-1 Plus Oxi pods, typically shipped every four months.


The competitive pricing structure, with discounts for subscribers, fosters customer retention and supports steady revenue growth. Dropps is focused on expanding its product line and entering new markets to boost its growth. The company is developing new eco-friendly products aimed for launch in the near future, and plans to expand its reach beyond the U. S.


market. The funding secured from The Craftory Limited’s acquisition will support these initiatives and further enhance its sustainability efforts.


Current Investors

The Craftory Limited

Primary Industry

Chemicals

Sub Industries

Commodity Chemicals, Textiles

Website

www.dropps.com

Verticals

E-commerce

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Dropps - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedDropps-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.