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§ Private Profile · Haryana, Haryana, India
Online automobile marketplace in India for buying and selling new and used vehicles, offering certified vehicles, loans, and insurance.
Droom is a technology-driven online automobile marketplace based in Gurugram, India, that facilitates the buying and selling of new and used vehicles for retail consumers. The e-commerce platform serves a user base of over 2.5 million customers across the country and previously reported reaching 1 million daily website visitors alongside 300 crore rupees in monthly revenue. The company monetizes its operations through direct vehicle sales, premium listings, and integrated financial services like loans and insurance. To support its core marketplace, the enterprise developed proprietary ecosystem tools such as Orange Book Value for algorithmic pricing and ECO for standardized vehicle inspections. Droom has secured financial backing from prominent venture capital firms and corporate investors, including Lightbox, Digital Garage, Toyota Group, and Beenext. The organization was founded in 2014 by Sandeep Aggarwal, who previously established the e-commerce unicorn ShopClues.
Droom has raised $240.6M across 3 funding rounds.
Droom has raised $240.6M in total across 3 funding rounds.
Droom has raised $240.6M across 3 funding rounds. Most recently, it raised $200.0M Other Equity in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 28, 2021 | $200M Venture Round | Gene Pohren, Seven Train Ventures | — | Announced |
| Jun 2, 2016 | $25M Series B | Beenext, Digital Garage | Beenos, Lightbox | Announced |
| Jul 30, 2015 | $15.6M Series A | Siddharth Talwar | — | Announced |
Droom has raised $240.6M in total across 3 funding rounds.
Droom's investors include Gene Pohren, Seven Train Ventures, Beenext, Digital Garage, Beenos, Lightbox, Siddharth Talwar.