Droom

India's Most Trusted Motorplace

General Information
Company Name
Droom
Founded Year
2014
Location (Offices)
India +1
Founders / Decision Makers
Number of Employees
429
Industries
B2B, E-Commerce, Marketplaces +2
Funding Stage
Series Unknown
Social Media

Droom - Company Profile

Droom is redefining the automobile industry in India with its 21st-century e-commerce experience. Offering the largest selection of over 2.9 lakh vehicles online in 1,100 cities, including both new and used cars and 2-wheelers, Droom ensures a trustworthy and convenient buying experience. The company's commitment to leveraging technology and AI over physical stores has led to competitively priced vehicles for consumers. With a rigorous 1,100-point inspection and certification process, Droom assures the quality, pricing, and history of every vehicle. Moreover, the platform's mobile apps and websites enable users to seamlessly search for vehicles, arrange financing and insurance, and have the vehicle delivered to their doorstep. Notably, Droom also provides a six-month warranty on every vehicle, with a return policy before full payment. Additionally, Droom facilitates individual sellers in transparently selling their vehicles to a large network of dealers, all from the comfort of their homes. Holding a significant market share in the automobile e-commerce segment, Droom has sold over 400K vehicles and served 1.5 million customers since its establishment in 2014. The company has secured investments from eminent global investors, including Lightbox, Digital Garage, Toyota Group, Recruit, Beenext, Beenos, 57 Stars, and rapper Badshah, among others, reflecting its innovative approach and technological prowess. Droom's collaboration with leading OEM and EV manufacturers further reinforces its dedication to offering a diverse range of new vehicles accompanied by seamless paperwork, financing, insurance, and doorstep delivery.

Taxonomy: Automobile e-commerce, Online marketplace, Used and new vehicles, Vehicle inspection, Technology-driven, AI-driven, Transparent selling process, DEMV (Discovery, Evaluation, Money, Validation) ecosystem, Digital economy, Innovative approach, Large inventory, Market leader, Consumer trust, Global investors, Tech and data science-driven

Funding Rounds & Investors of Droom (9)

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Funding Stage Amount No. Investors Investors Date
Venture Round Unknown 1 rapper Badshah 21 Mar 2024
Series G INR14.86B 2 28 Jul 2021
Series F $10.00M - 20 Jun 2019
Series E $30.00M 1 Joe Hirao 04 Oct 2018
Series D $30.00M 3 Toyota Tsusho, Digital Garage (TSE: 4819) 17 May 2018

View All 9 Funding Rounds

Latest News of Droom

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