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DROOM FUNDING
Droom Technology bets on four-fold demand in EVs by next three yearsGiven the traction in the local market, the company expects nearly two-thirds of its sales to come from electric vehicles in the coming thr...- Droom to invest Rs 500 to 600 crore for inorganic opportunities, eyes 5-6 acquisitions in 2 yearsET learns the company is looking for acquisitions in the entire chain - from auto insurance to auto lending. Droom is also in the hunt for ...
- Automobile marketplace Droom files Rs 3,000-cr IPO papersThe company may consider a private placement of equity shares aggregating Rs 400 crore. If the pre-IPO placement is undertaken, the fresh i...
- Automobile marketplace Droom gets pre-IPO funding at $1.2 billion valuationDroom has received the first tranche of its $200-million, pre-IPO funding round at a valuation of $1.2 billion, making the online automobil...
- Droom bets on eight-fold growth in GMV by 2025Droom clocked GMV of $ 1.2 billion, prior to the outbreak of the pandemic in 2019. Net revenues in the year stood at $32 million. At the cu...
- Droom eyes $150 million round before IPOCurrently valued at just under $1 billion, Droom has so far raised around $125 million from investors including Lightbox, Singapore-based g...
- Droom eyes $200 million in latest funding roundDroom Technology, an automobile marketplace and auto services company, is raising $200 million in its latest funding round, potentially val...
- Droom raises $30 million in fresh funding roundThe Series E round of funding was led by the family office of Joe Hirao, founder of ZigExN, the Tokyo-headquartered company that owns and o...
- Droom ramps up marketing budget to Rs 400 crore for FY19The company, which spent Rs 225 crore in the previous financial year, plans to further strengthen its ongoing efforts to reach out to consu...
- Droom raises $30 million from Toyota, Digital Garage, othersThe investment which has been made from Toyota’s subsidiary Toyota Tsusho Corp was also co-led by Japanese incubator and venture capital in...
- Droom closes Rs 133-crore Series-C funding roundThis was led by Hong Kong-based investment company Integrated Asset Management and a clutch of Hong Kong and Chinese Mainlandbased family o...
- Droom raises Rs 130 crore; eyes acquisitions, IPOThe company is looking at listing on Nasdaq by the middle of 2019 and by then, Droom's GMV will touch about $2.5 billion.
- Droom clocks GMV of Rs 104 crore; Launches month-long auto festivalThe announcement also comes days after the Gurgaon-based company it had clocked monthly gross merchandise value (GMV) of Rs 104 crore over ...
- India's digital revolution similar to Europe's industrial revolution: Droom's Sandeep AggarwalSandeep Agarwal, the founder of automobile-to-airplane marketplace Droom, says India is poised to create $250 billion in Internet wealth by...
- Droom raises Rs 200 crore from a consortium of Japanese and Chinese investorsThe Series B round of equity financing has been led by Singapore-based investor Beenext, founded by former Beenos founder and chief executi...
- Droom ties up with Uber for chopper ridesDroom, an online marketplace for autos, has entered into another strategic alliance with Uber for the festive period to bring on-demand cho...
- Droom looks to double headcount by March 2016Droom is looking to double its headcount over the next few months by hiring over 100 people from leading institutes for functions like tech...
- Droom eyes Rs 600-cr GMV by March 2016The Lightbox-backed firm offers a marketplace to sell cars and motorcycles, superbikes and premium cars as well as planes.
- Automobile-focused marketplace Droom joins JetSetGo for fun sky ridesDroom will also introduce charter and fun rides on planes, a service it hopes to eventually extend to cars and motorcycles.
- Sandeep Aggarwal's Droom gets Rs 100-crore funding from Lightbox Ventures and Japan's BeenosHe now has big ambitions for Droom. The portal which has about 6,500 listings, charges an online fee of about 2% for customers.
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