Startup ASEAN

DROOM PTE. LTD.

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ACTIVE Financial Services Protech

Company Profile Droom is an AI and data science driven online transactional platform, which offers 21st century experience in buying & selling used & new automobiles in India & other emerging markets. Droom has built an entire eco-system around used automobiles for the digital economy, including Orange Book Value (used vehicle pricing engine), Eco (1000+ points vehicle inspection), History (history records for used vehicles), Discovery (dozens of pre-buying research tools) & Credit (India’s first & only marketplace for used auto loan & dealer financing). Droom caters to individual buyers & sellers, dealers & large enterprise for not only buying and selling but also entire life cycle management & all automobile ancillary services.Droom has four marketplace formats i.e. B2C, B2C, C2B & B2B, and three pricing formats - Fixed Price, Best Offer & Auction. The platform offers a wide range of categories from bicycle to plane & all automobile services such as warranty, RSA, insurance & auto loan.With 80% market share of automobile transactions online. Droom is India’s largest automobile platform online & 4th largest E-Commerce company. Besides India, Droom is available in Singapore, Thailand & Malaysia and OBV is available in 38 countries globally, making OBV world’s number 1 benchmark pricing engine.The company is currently generating $1.3 Billion in annualized GMV & growing at a rate of 100% Y/Y. Droom has presence in 920+ cities across India (India’s largest hyper-local marketplace), 300K+ auto dealers (largest auto dealer platform in World), 45 Mn+ monthly visitors, nearly 12 Mn+ app downloads & 6.5 Mn+ Facebook followers.Droom’s India headquarter is in Gurugram with a team size of 520+. Droom is a Singapore Holding Company with subsidiaries in India & USA. 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 & Integrated Assets Management.

Overview

Website

Founded Date

2014-03-24

Company Size

Company Stage

Industry

Financial Services

Technology

Protech

Client Focus

Status

ACTIVE