Dropshop has raised ₹9.3 crore in a pre-Series A funding round led by Inflection Point Ventures to enhance its operations and expand into new markets within India's FMCG sector.

Target Information

Dropshop, a Bengaluru-based distribution platform founded in May 2019 by Udit Dhawan, Rohit Fernandes, and Ravi Teja, focuses on streamlining the last-mile delivery process for Fast-Moving Consumer Goods (FMCG) companies. The platform provides a full-stack solution that digitizes various aspects of distribution including sales, logistics, and credit management for retailers. This innovative approach aims to improve efficiency within the traditionally fragmented FMCG distribution landscape in India.

Recently, Dropshop announced it has successfully raised ₹9.3 crore in a pre-Series A funding round. The round was led by Inflection Point Ventures and included participation from existing investors such as Axilor Ventures and The Chennai Angels, as well as new investor 42.vc via AngelList. The capital raised will be utilized to enhance its product offerings and expand its operational capabilities to accommodate more brands while entering new markets such as Chennai and Hyderabad.

Industry Overview

The FMCG sector is one of the largest and fastest-growing industries in India, driven by increased consumer spending and urbanization. With a diverse range of products including food, beverages, personal care, a