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 450+. 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 $1.1 Billion in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 830+ cities across India (India’s largest hyper local marketplace), 327K+ auto dealers (largest auto dealer platform in India), 48 Million+ monthly visitors, nearly 8.3 Million app downloads and 6.3 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 $125 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.
Droom’s culture is casual, fun loving, high energy, vibrant, and non-political. The two things that are placed on top are passion and merit.
Droom's culture is casual, fun loving, high energy, vibrant, and non-political. There are two things that are placed on top, passion and merit.
The experience of buying and selling an automobile is completely broken and full of pain points and friction. With its disruptive marketplace approach, Droom is leveraging technology and data in a way that removes impediments why a transaction between two unknown people may not take place. With Droom’s innovative approach buyers get huge selection, low prices, and develop trust while sellers get access to millions of online shoppers, higher trade velocity, and a full stack of sellers' tools and e-commerce services to self-manage their online store at Droom.
