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DateInvestorsAmountRound
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N/A

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N/A

$2.0m

Seed

$16.0m

Series A

$25.0m

Series B

$20.0m

Series C
*

$90.0m

Series D
*
N/A

$30.0m

Series E
N/A

$10.0m

Series F

$200m

Valuation: $1.2b

Late VC
*

$16.8m

Growth Equity VC
*
N/A

N/A

Angel
Total Funding€373m

Recent News about Droom

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Droom is a leading e-commerce platform in India that specializes in the buying and selling of new and used vehicles. The company provides a 21st-century automobile buying experience that emphasizes trust, selection, low prices, and unparalleled convenience. Droom serves a wide range of clients, including individual buyers and sellers, as well as verified and motivated dealers. The platform offers an extensive inventory of over 250,000 vehicles, including cars, bikes, scooters, electric vehicles, and even construction equipment.

Droom operates in the Indian market, which is characterized by a growing demand for both new and pre-owned vehicles. The business model is primarily based on facilitating transactions between buyers and sellers through its online platform. Droom generates revenue through various channels, including listing fees, transaction fees, and value-added services such as vehicle inspections, history certifications, and loan and insurance assistance.

The company offers end-to-end assistance for both buyers and sellers. For sellers, Droom provides services from listing the vehicle to closing the transaction, including free vehicle inspections and dedicated relationship managers. For buyers, the platform offers comprehensive support from identifying the right vehicle to final delivery, ensuring a seamless and trustworthy buying experience.

Droom's innovative approach includes research tools like vehicle price checks, total cost of ownership calculations, and repair estimates, making it easier for customers to make informed decisions. The platform also allows for vehicle comparisons and provides a dashboard for managing all aspects of the buying or selling process.

Keywords: e-commerce, vehicles, India, buying, selling, inspection, transaction, dealers, online platform, automotive.

Tech stack

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Investments by Droom

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Visiolab Ideas
ACQUISITION by Droom Oct 2020