About DroomCredit
DroomCredit is a company based in Delhi (India) founded in 2017.. The company has 127 employees as of March 23, 2024. DroomCredit offers products and services including Car Loan, Bike Loan, Scooter Loan, EMI Calculator, and Free Credit Score. DroomCredit operates in a competitive market with competitors including CreditMate, Kuwy, Perpetuity Capital, AMU Leasing and Autovert, among others.
- Headquarter Delhi, India
- Employees 127 as on 23 Mar, 2024
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Droom Technology Limited
- Jurisdiction Faridabad, Haryana, India
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Annual Revenue
$31.58 M (USD)-32.69as on Mar 31, 2023
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Net Profit
$-7.47 M (USD)54.66as on Mar 31, 2023
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EBITDA
$-8.01 M (USD)51.4as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
127
as on Mar 23, 2024
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Products & Services of DroomCredit
DroomCredit offers a comprehensive portfolio of products and services, including Car Loan, Bike Loan, Scooter Loan, EMI Calculator, and Free Credit Score. 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.
Provides financing options for purchasing cars.
Offers loans for buying bikes and motorcycles.
Facilitates loans for scooter acquisitions.
Tool to calculate equated monthly installments for loans.
Service for checking and monitoring personal credit scores.
Funding Insights of DroomCredit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by DroomCredit
| 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 |
Financial Statements - DroomCredit
| 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 |
Droomcredit Comparisons
Competitors of DroomCredit
DroomCredit 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 CreditMate, Kuwy, Perpetuity Capital, AMU Leasing and Autovert, 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 |
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| domain | founded_year | HQ Location |
Overdue payments are collected from borrowers for multiple lenders.
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| domain | founded_year | HQ Location |
Automotive financing is provided via an app-based marketplace.
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| domain | founded_year | HQ Location |
Online auto loans for vehicles are provided through digital platforms.
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| domain | founded_year | HQ Location |
Electric vehicle financing services are provided to customers in India.
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| domain | founded_year | HQ Location |
Online platform for electric vehicles financing
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| domain | founded_year | HQ Location |
Delivers comprehensive car loan solutions to facilitate vehicle financing.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about DroomCredit
When was DroomCredit founded?
DroomCredit was founded in 2017.
Where is DroomCredit located?
DroomCredit is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
How many employees does DroomCredit have?
As of Mar 23, 2024, the latest employee count at DroomCredit is 127.
What is the annual revenue of DroomCredit?
Annual revenue of DroomCredit is $31.58M as on Mar 31, 2023.
What does DroomCredit do?
DroomCredit was founded in 2017 in Delhi, India, within the fintech sector focused on auto financing. An online platform is operated where users access loan options by processing PAN details, credit scores, and income statements through a proprietary algorithm-based credit risk engine. EMI options are checked, and lenders are selected accordingly. A self-service panel is offered to lenders for managing eligibility criteria and loan lifecycles.
Who are the top competitors of DroomCredit?
DroomCredit's top competitors include CreditMate, Tata Motors Finance and Kuwy.
What products or services does DroomCredit offer?
DroomCredit offers Car Loan, Bike Loan, Scooter Loan, EMI Calculator, and Free Credit Score.