About Droom
Droom is a company based in Gurugram (India) founded in 2014 by Sandeep Aggarwal.. Droom has raised $344.27 million across 10 funding rounds from investors including Toyota Tsusho, Digital Garage and Beenos. Droom has completed 1 acquisition, including Visiolab Ideas. Droom offers products and services including Buy Used, Loan Services, Insurance Services, and Rental Platform. Droom operates in a competitive market with competitors including Carvana, Carro, Spinny, ACV Auctions and CarDekho, among others.
- Headquarter Gurugram, India
- Founders Sandeep Aggarwal
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$344.27 M (USD)
in 10 rounds
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Latest Funding Round
$3 M (USD), Series G
Mar 26, 2025
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Investors
Toyota Tsusho
& 12 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Droom
Droom offers a comprehensive portfolio of products and services, including Buy Used, Loan Services, Insurance Services, and Rental Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for purchasing pre-owned vehicles with inspections
Provides auto loans and real-time quotes for buyers
Offers vehicle insurance coverage and renewals
Facilitates daily and corporate vehicle rentals
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Funding Insights of Droom
Droom has successfully raised a total of $344.27M across 10 strategic funding rounds. The most recent funding activity was a Series G round of $3 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series G — $3.0M
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First Round
First Round
(01 May 2014)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series G - Droom | Valuation | India Accelerator , Finvolve | |
| Jul, 2021 | Amount | Series G - Droom | Valuation |
investors |
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| Jun, 2019 | Amount | Series F - Droom | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Droom
Droom has secured backing from 13 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Toyota Tsusho, Digital Garage and Beenos. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Founded Year | Domain | Location | |
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Venture capital funding, wealth management, and startup investment services in India.
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Droom
Droom has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Visiolab Ideas. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AR development services are provided by Visiolab Ideas in Gurugram.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Droom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Droom Comparisons
Competitors of Droom
Droom operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carvana, Carro, Spinny, ACV Auctions and CarDekho, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Full-stack marketplace services for car ownership are provided.
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| domain | founded_year | HQ Location |
Retailer of inspected, certified pre-owned vehicles with service and finance options
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| domain | founded_year | HQ Location |
B2B online auctions for car dealers' inventory are facilitated.
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| domain | founded_year | HQ Location |
Retailer of new automobiles, used vehicles, and related automotive news
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Droom
Frequently Asked Questions about Droom
When was Droom founded?
Droom was founded in 2014.
Where is Droom located?
Droom is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Droom?
Sandeep Aggarwal is the current CEO of Droom. They have also founded this company.
Is Droom a funded company?
Droom is a funded company, having raised a total of $344.27M across 10 funding rounds to date. The company's 1st funding round was a Series F of $10M, raised on May 01, 2014.
What does Droom do?
Droom was founded in 2014 and is headquartered in Gurugram, India. The company operates in the automotive sector as an AI-powered marketplace for used vehicles. Transactions are facilitated by users submitting details such as location, personal information, payment methods, model specifications, and vehicle features. Buying and selling processes are streamlined digitally across the platform.
What products or services does Droom offer?
Droom offers Buy Used, Loan Services, Insurance Services, and Rental Platform.
How many acquisitions has Droom made?
Droom has made 1 acquisition, including Visiolab Ideas.
Who are Droom's investors?
Droom has 13 investors. Key investors include Toyota Tsusho, Digital Garage, Beenos, India Accelerator, and IAM Group.
What is Droom's valuation?
The valuation of Droom is $1.2B as of Jul 2021.
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