Droom - About the company
Droom is a series G company based in Gurugram (India), founded in 2014 by Rishab Malik and Sandeep Aggarwal. It operates as an Online retailer of used and new automobiles, plus related services. Droom has raised $344M in funding from investors like Digital Garage, Toyota Tsusho and India Accelerator, with a current valuation of ₹3,100Cr. The company has 4140 active competitors, including 57 funded and 288 that have exited. Its top competitors include companies like Spinny, CarDekho and Carvana.
Sectors and market segments that Droom operate in
Droom serves in the Auto Tech, Auto market segments.The primary business model of Droom are:Company Details
Online retailer of used and new automobiles, plus related services. It provides a platform for individuals to buy, sell, exchange, finance, insure, inspect, and certify vehicles. The platform offers a selection of automobiles across multiple categories. It facilitates vehicle inspection and certification for condition, pricing, and history. The company provides loans, warranty, and vehicle delivery services.
- Website
- droom.in
- Social
- Email ID
- *****@droom.in
- Phone Number
- +91 **********
- Registered Address
- Plot No. 336, Ground Floor, Udyog Vihar, Phase 4, Industrial Complex Dundahera, Gurgaon, Industrial Complex Dundahera, Haryana, India, 122016
Legal entities associated with Droom
Droom is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
DROOM TECHNOLOGY PRIVATE LIMITED CIN: U72300HR2014PTC139804 , India, Active | Sep 09, 2014 | $20M (As on Mar 31, 2025) | 150 (As on Aug 31, 2025) |
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Droom's funding and investors
Droom has raised a total funding of $344M over 10 rounds. Its first funding round was on May 2014. Its latest funding round was a Series G round on Mar 26, 2025 for $3M. 3 investors participated in its latest round. Droom has 34 institutional investors and 35 angel investors.
Here is the list of recent funding rounds of Droom:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 26, 2025 | $3M | Series G | $361M | - | ||
Jul 28, 2021 | $200M | Series G | $1.2B | 33.8x | - | |
Jun 20, 2019 | $10M | Series F | - | - | - | - |
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Droom's founders and board of directors
Founder? Claim ProfileHere are the details of Droom's key team members:
- Rishab Malik: Former Co-founder and Vice-President of Business Development of Droom. They are also an angel investor in 15 startups and serve on the boards of 2 companies.Contact Info: 2 phone numbers
- Sandeep Aggarwal: Co-Founder & CEO of Droom and founder of 1 other company. They are also an angel investor in 22 startups and serve on the boards of 2 companies.Contact Info: 2 phone numbers
Droom's Board of Directors
Droom's board has 1 active member. Koo Siew Gan is independent board member.Here is the list of Droom's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 4m | |
Team | - | Current | 4y 4m | |
Team | - | Current | 4y 4m | |
Independent board member | - | Current | 11y 8m | |
Independent board member | - | Past | 1y 2m | |
Independent board member | - | Past | 2y 7m | |
Independent board member | - | Past | 8y 2m | |
Independent board member | - | Past | 0y 0m |
View details of Droom's Founder profiles and Board Members
Droom's employee count trend
Droom has 156 employees as of May 25. Here is Droom's employee count trend over the years:
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Droom's Competitors and alternates
Top competitors of Droom include Spinny, CarDekho and Carvana. Here is the list of Top 10 competitors of Droom, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online retailer of inspected used vehicles with service and financing | $698M | 83/100 | ||
2nd | App based platform offering car buying, selling, and comparison services | $60M | 83/100 | ||
3rd | Carvana 2012, Phoenix (United States), Public | Online dealer of pre owned cars | $460M | 80/100 | |
4th | Online listing platforms that facilitate the sale of second-hand cars | $5.85M | 79/100 | ||
5th | App-based used cars listing platform | $272M | 77/100 | ||
6th | TrueCar 2005, Santa Monica (United States), Acquired | Online new and used cars listing platform | $270M | 75/100 | |
7th | Online retailer of used and new automobiles, plus related services | $344M | 75/100 | ||
8th | Marketplace offering full stack service for car ownership | $686M | 73/100 | ||
9th | ACV Auctions 2014, Buffalo (United States), Series E | Online marketplace providing auction services for used vehicles to licensed dealers | $350M | 70/100 | |
10th | CarGurus 2006, Cambridge (United States), Public | Online retailer of used and new cars with financing options | $1.75M | 70/100 |
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Droom's Latest cap tables and shareholding
Founders own 0.00%, Funds own 0.16%, Parent Entities (largest shareholder) own 99.19% and Enterprises own 0.08%.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | - | 160 | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 0.16% | 5Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
Parent Entity | 99.19% | 3,070Cr | 9454215 | 1578116 | 3962056 | 9836489 |
Enterprise | 0.08% | 2.5Cr | 0 | 0 | 0 | 0 |
Angel | 0.35% | 11Cr | 0 | 0 | 0 | 0 |
Other People | 0.21% | 6.5Cr | 0 | 0 | 0 | 0 |
Total | 99.99% | 3,100Cr | 1292111 | 6008503 | 7890015 | 9759130 |
To unlock detailed Cap Table of Droom Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Droom's Shareholding
Droom's Investments and acquisitions
Droom has made 1 investment in Kidbea and acquired Visiolab Ideas.Reports related to Droom
Here is the latest report on Droom's sector:
News related to Droom
Filter this listMedia has covered Droom for a total of 4 events in the last 1 year, 2 of them have been about company updates.
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Finvolve And India Accelerator Invest In IPO-bound DroomBW Disrupt•Mar 25, 2025•Droom, Finvolve, India Accelerator
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Lightbox-backed Droom’s India arm raising fresh capital, revives IPO planVCCircle•Mar 17, 2025•Droom
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Droom Celebrates 10 Years of First Order with the Launch of Droom RentalsBusiness News This Week•Jan 16, 2025•Droom
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