Droom Technology Private
Latest round
- Series F
Last raised
- Aug 2023
Total raised
- $107M
Investors
- 10
About Droom Technology Private
Founded in 2014 and based in India, Droom Technology Private Limited is an e-commerce company that operates an online marketplace that allows users to buy and sell new and used automobiles. The firm was founded by Sandeep Agrawal and operates in 1,091 cities in India.2 billion post-money. The company has 392 employees as of July 2021. Droom Technology Private Limited provides a platform that offers automobiles such as cars, scooters, and motorcycles depending upon customer location, brand preference such as Honda, Maruti Suzuki, Hyundai, and Toyota, body type preference such as hatchback, sedan, and SUV, and budget of customers. Droom Technology also provides electric vehicles such as e-scooters and e-cycles and airplanes. The company also offers automobile services such as recovery time objective (RTO) services, roadside assistance, car care and detailing, servicing and repair, warranties, denting and painting, and wheel maintenance, warranty, insurance, and loan. The company also provides germ shielding services for vehicles; schools, residential and commercial areas; and elevators. The firm provides Droom Full Circle Trust Score, a technology that provides clients with information such as pricing score, transparency score, seller score, and health score while buying used automobiles. The firm generates revenue by the Droom Auction platform that allows to buy and sell automobiles using a bidding process wherein the vehicle is sold to the highest bidder. After finalizing the deal, buyers are required to deposit 3 to 5% of the total value as a booking amount. The company generates a net revenue run rate of USD 54 million. Droom Technology Private Limited plans to become a publicly listed company on the Nasdaq or India in 2022. The firm also plans to grow its presence in 100 different cities of India and international markets and augment its last-mile delivery service.
Who invested in Droom Technology Private
10 investors across 5 rounds
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Questions about Droom Technology Private
Who invested in Droom Technology Private?
Droom Technology Private has 10 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Droom Technology Private raised?
Droom Technology Private has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Droom Technology Private last raise money?
Droom Technology Private's most recent round on record is a Series F, in Aug 2023.
What does Droom Technology Private do?
Founded in 2014 and based in India, Droom Technology Private Limited is an e-commerce company that operates an online marketplace that allows users to buy and sell new and used automobiles.
Where is Droom Technology Private headquartered?
Droom Technology Private is headquartered in New Delhi, India.
Which VCs invest in companies like Droom Technology Private?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back internet companies at Droom Technology Private's stage. Their profiles are linked below.
VCs backing internet startups at Series F
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