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Droom Reviews

Gurugram, Haryana

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Droom Technology Private Limited is a prominent technology and data science company that operates as India's first and leading online transactional marketplace for buying and selling new and used automobiles. Headquartered in Gurugram, Haryana, the company was founded in April 2014 by seasoned entrepreneur Sandeep Aggarwal, who previously co-founded ShopClues. Droom operates an asset-light, purely online platform that eliminates the need for expensive physical real estate, allowing it to streamline the entire vehicle transaction journey across B2C, B2B, and C2C segments. The core operations of Droom are driven by its vertically integrated proprietary ecosystem, which utilizes artificial intelligence and data science to build trust and mitigate information asymmetry in the pre-owned vehicle market. A key pillar of this ecosystem is Orange Book Value (OBV), India's first algorithmic pricing engine, for which the company holds a valid United States patent. OBV provides independent and accurate vehicle valuations to ensure transparent pricing. Additionally, the company provides ECO Inspection Service, a multi-point vehicle inspection service conducted by certified technicians, and Droom History, which tracks comprehensive vehicle records. FinTech solutions are managed through Droom Credit, a dedicated marketplace offering used auto loans and dealer financing solutions. Adapting to evolving consumer demands, Droom has continuously diversified its service portfolio. In January 2025, the company launched Droom Rentals, an AI-powered rental platform that offers comprehensive cab and taxi solutions, including local hourly rentals, airport transfers, and outstation trips across a diverse fleet of value, luxury, and vintage cars. The platform caters to individual commuters, corporate clients via the MyBiz platform, and various institutional affiliates. Droom also capitalizes on subscriptions from its massive network of over 300,000 auto dealers alongside transactional commissions ranging from 1% to 3% based on vehicle categories. Financially, Droom is a venture-backed private unicorn that achieved a valuation of $1.2 billion in July 2021 following a major pre-IPO funding round. Over its operational history, the company has raised approximately $344 million across multiple funding rounds from prominent global institutional investors, including Lightbox, 57 Stars, Digital Garage, Toyota Tsusho, Finvolve, and India Accelerator. For the fiscal year 2025, Droom generated an annual revenue of INR 169 crore, while continuously optimizing its operational efficiency, which allowed it to narrow its consolidated losses by 35% in fiscal year 2024 to INR 40 crore. Led by Founder and Chief Executive Officer Sandeep Aggarwal, Droom is currently reviving its public listing strategy, with plans to file draft papers for an INR 1,000 crore Initial Public Offering (IPO) to fund its next phase of digital expansion.