# Droom Technology Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/droom-technology-private

- Industry: Internet
- Headquarters: New Delhi, India
- Website: www.droom.in
- Total disclosed funding: $107M
- Latest round: Series F (Aug 22, 2023)
- Investors on record: 10

## About

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. In July 2021, Droom Technology Private Limited raised USD 200 million in pre-IPO funding from investors including 57 Stars, SevenTrain Ventures, BEENEXT, and Lightbox Ventures. The pre-IPO funding values Droom Technology Private Limited at USD 1.2 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.

## Funding rounds

- Series F, Aug 22, 2023, $13M — DG Ventures
- Series F, Jun 20, 2019, $39M — Toyota Tsusho, DG Ventures, Beenos, Lightbox Ventures, Integrated Asset Management Asia, BEENEXT
- Series C, Jul 5, 2017, $20M — Digital Garage, Inc., Beenos, Lightbox Ventures, Integrated Asset Management Asia, BEENEXT
- Series B, Jul 1, 2016, $20M — DG Ventures, Beenos, Lightbox Ventures, Recruit Holdings, Integrated Asset Management Asia, BEENEXT, Axis Capital Partners, SAN International
- Series A, Jul 30, 2015, $16M — Beenos, Lightbox Ventures

## Investors

- Beenos — Series A, Series B, Series C, Series F
- Lightbox Ventures (https://capitalatlas.ai/funds/lightbox-ventures) — Series A, Series B, Series C, Series F
- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Series B, Series F
- Recruit Holdings — Series B
- Integrated Asset Management Asia — Series B, Series C, Series F
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Series B, Series C, Series F
- Axis Capital Partners (https://capitalatlas.ai/funds/axis-capital-partners) — Series B
- SAN International — Series B
- Digital Garage, Inc. — Series C
- Toyota Tsusho — Series F