Droom joined the Unicorn Club on Jul 28, 2021 after raising a $200 million Series G funding round, reaching a $1.2 billion valuation. Headquartered in Gurugram, Haryana, India, Droom operates a platform for buying, selling, and renting automobiles.
The platform provides vehicle diagnostics, loans, insurance, and ancillary services for new and used cars, bikes, scooters, and commercial vehicles.
Keep reading to learn how Droom scaled into a leading auto e-commerce and retail unicorn.
What Is Droom and What Does It Do?
Founded in 2014, Droom is an automotive e-commerce platform that facilitates buying, selling, and renting vehicles. The platform offers diagnostic reports, vehicle valuation, history checks, inspections, loans, insurance, and other ancillary services.
Droom supports both new and used vehicles, including cars, bikes, scooters, and commercial vehicles, enabling secure and informed transactions for buyers and sellers.
How Much Funding Has Droom Raised?
1. Seed Round
- Amount Raised: $5 million
- Date: 2014
- Lead Investors: Early stage investors
- Purpose: Launch automotive platform and initial marketplace
2. Series A Round
- Amount Raised: $12 million
- Date: 2015
- Lead Investors: Lightbox, Digital Garage
- Purpose: Expand marketplace operations and vehicle verification services
3. Series B Round
- Amount Raised: $20 million
- Date: 2016
- Lead Investors: Lightbox, Digital Garage
- Purpose: Scale platform features, finance, and insurance offerings
4. Series C Round
- Amount Raised: $30 million
- Date: 2017
- Lead Investors: Digital Garage, Lightbox
- Purpose: Enhance technology, analytics, and vehicle inspection tools
5. Series D Round
- Amount Raised: $50 million
- Date: 2018
- Lead Investors: Lightbox
- Purpose: Expand vehicle types, services, and geographic reach
6. Series E Round
- Amount Raised: $24 million
- Date: 2019
- Lead Investors: Digital Garage
- Purpose: Strengthen loans and insurance offerings, improve marketplace liquidity
7. Series F Round
- Amount Raised: $3 million
- Date: 2020
- Lead Investors: Lightbox
- Purpose: Operational expansion and technology enhancement
8. Series G Round
- Amount Raised: $200 million
- Date: Jul 28, 2021
- Lead Investors: Lightbox, Digital Garage
- Valuation: $1.2 billion
- Purpose: Accelerate growth, expand vehicle marketplace, and scale services
9. Series G Extension
- Amount Raised: $3 million
- Date: Mar 26, 2025
- Purpose: Support platform development and operational expansion
Total Funding Raised: $344 million Latest Funding Round: Series G Extension Latest Funding Date: Mar 26, 2025 Employee Count: 156 as of May 31, 2025
Key Investors
- Lightbox
- Details: Venture capital firm investing in technology platforms
- Focus Areas: Automotive, e-commerce, and digital marketplaces
- Digital Garage
- Details: Global investment firm supporting innovative tech startups
- Focus Areas: Fintech, e-commerce, and automotive marketplaces
Where Is Droom’s Headquarters?
Droom is headquartered in Gurugram, Haryana, India, supporting its automotive marketplace, technology, and operational teams.
What’s Next for Droom?
Droom plans to expand its vehicle marketplace, enhance finance and insurance offerings, and integrate advanced diagnostic and verification services. The company aims to scale its platform for new and used vehicles and strengthen customer experience across India.
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