Droom is the 3rd largest E-commerce company in India in terms of GMV and the largest online auto marketplace for buying and selling new and used automobiles with over 70%+ market share of the automobile transactions online.
Droom is headquartered in Gurugram, India, with a team size of 300+. Droom has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats – Fixed Price, Best Offer and Auction. The platform offers a wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan.
Droom has in-built tech and data science tools to create the entire eco-system around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 million vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles’ loans). The company is currently generating $700 Million+ in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 500+ cities across India (India’s largest hyper local marketplace), 250K+ auto dealers (largest auto dealer platform in India), 33 Million+ monthly visitors, nearly 7.6 Million+ app downloads and 6 Million+ Facebook followers.
Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $95 Million dollars over six rounds of funding. Some of the prominent investors are Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation and Integrated Assets Management