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.
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 |
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