Vault Dragon offers a physical “Dropbox” that can be managed through web and mobile apps

Their storage services start at 45 cents a day.

With the high-costs of properties in Singapore today, Vault Dragon provides storage solutions for those who want to declutter their commercial and residential spaces. 

An integrated urban storage company, their founders claim that their scalable, hassle-free, budget-friendly and secure services make their startup promising.

According to co-founder Vishesh Mittal, “we simplify the storage process by bringing storage spaces to users, by the box, taking lifting and transportation out of users' hands; our personalised dashboard makes stored item management a breeze.”

He added that they charge 45 cents a day for a standard box which they send to clients and pick up for storing. Noting that at most times, people who rent storage spaces don’t necessarily fill up all the spaces they pay for, the one-size box allows for scalability. You only pay for the space you need.

Storage is also charged on a daily-basis; users can add or remove boxes as they choose to and costs are based only on the storage used and its duration.

Stored items are indexed and can easily be accessed and managed by its owners online and through their mobile app. Their vault boxes are waterproof and hermetically secured, stored in a warehouse protected by 24/7 security cameras and guards.

Vault Dragon found its beginnings when one of its founders Tseng Ching-Tse left his job at Pricewaterhousecoopers to start his own business. He noticed his growing dilemma with having “too much stuff, too little space” and decided to make an opportunity out of it. He was joined by his friend and co-founder Vishesh Mittal to conceptualize what Vault Dragon has become.

Its scalable and automated services has been helping the business expand its market distinguishing themselves from competitors who rely on manual operations as explained by Mittal.

Vault Dragon has showed promise, being chosen as one of the Top Ten Best Startups by Joyful Frog Digital Incubator (JFDI.Asia) who also serves as the business’ major investor.
According to Mittal, “in the near future, we are looking to get investors who are not only willing to provide capital for our expansion but also their expertise and connections in the industry for us to improve.”

The company is also setting its sights on expansion, targeting key cities like Hong Kong, Tokyo and Chicago in the future.

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1. Name of the company: Vault Dragon Pte. Ltd.
2. What we do: Vault Dragon is the “Dropbox” for physical items. We help people to get more living space, delcuttering their lives by allowing them to deposit, index, search and retrieve their belongings through our intuitive web and mobile applications at just 45 cents a day.
3. Founder/Founders: Vishesh Mittal, Tseng Ching-Tse
4. Website: vaultdragon.com (Blog: https://blog.vaultdragon.com/)
5. Major Investors: JFDI.Asia
6. Total funding at hand: 115K
7. Target fund: 850K
8. Source of funding: JFDI.Asia, Founders
9. Start of operation: 01 August 2013

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