Droom marks the delivery of its 400,000th automobile through its online platform, facilitating sales of around 12,000 vehicles monthly. The platform supports new and used cars, bikes, scooters, and other vehicles across 1,100 Indian cities. The shift toward online vehicle purchases continues to grow visibly in India.
Droom secures funding in its first pre-IPO growth round, raising capital from existing and new investors like **57 Stars** and **Seven Train Ventures**. The round values the company at **$1.2 billion**, marking a significant milestone in its expansion. The funding supports Droom’s continued growth in India’s online two-wheeler marketplace.
Droom secures pre-IPO funding, reaching a valuation exceeding $1 billion. The Indian automobile marketplace expands its platform, connecting buyers and sellers in the used car segment. The funding round positions Droom as a leader in India’s digital automotive market.
Droom secures $30 million in its Series E funding round to expand its online marketplace for new and used vehicles. The platform connects buyers and sellers across India’s automotive sector, facilitating transactions for a wide range of vehicle types. This latest investment underscores continued growth in the digital vehicle retail space.
