[ Live @ 11AM 5th Dec] Droom Bike Sleeve @ Rs.29

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December 3, 2018

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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 65% market share of the automobile transactions online.

Droom is headquartered in Gurugram, India, with a team size of 310+. 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 $750 Million in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 600+ cities across India (India’s largest hyper local marketplace), 295K+ auto dealers (largest auto dealer platform in India), 34 Million+ monthly visitors, nearly 8 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 $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.