Droom Revenue, Valuation, Funding & Investors
Droom is valued at $1.2B as of July 2021, a 22.2x multiple on its last reported $54M revenue.
Last Droom valuation
$1.2B
Series G · Jul 2021
Last Droom funding round
$3M
Seed · Mar 2025
Droom revenue
$54M
Series G · Jul 2021
Key investors in Droom
Digital Garage
Beenos Partners
Lightbox
BEENEXT
DG VENTURES
Finvolve
About Droom
Droom is a Gurgaon-headquartered online automobile marketplace operating in 1,091 cities across India. The platform lists over 600,000 vehicles from 20,000 dealers, valued at more than $14 billion, and integrates tools like Orange Book Value for pricing 460 million queries, ECO inspections at 1,000 checkpoints, and vehicle history databases covering 250 million records. Droom facilitates certified pre-owned sales, loans, and insurance, holding an 80 percent share of India's online auto transactions.
Founded
2014
HQ
HaryanaWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$54M (Jul 2021)
Valuation
$1.2B (Jul 2021)
Droom Valuation
Droom is currently valued at $1.2B, based on its Series G in July 2021.
The $200M round was led by 57 Stars, with participation from SevenTrainVentures.
Droom's valuation has grown 6.9x from $175M at its Series B in June 2016 to $1.2B in July 2021, across 5 priced rounds.
Droom valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2021 | Series G | $1.2B | 22.2x |
| Jun 2019 | Series F | $500M | 9.3x |
| Oct 2018 | Series E | $550M | 27.5x |
| May 2018 | Series D | $550M | 36.7x |
| Jun 2016 | Series B | $175M | 43.8x |
Droom Revenue
Droom's latest recorded revenue is $54M, as of its Series G in July 2021. At a $1.2B valuation, that implies a 22.2x revenue multiple.
Revenue grew from $4M in June 2016 to $54M in July 2021, while the revenue multiple moved from 43.8x to 22.2x.
Droom revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2021 | $54M | $1.2B | 22.2x | Series G |
| Jun 2019 | $54M | $500M | 9.3x | Series F |
| Oct 2018 | $20M | $550M | 27.5x | Series E |
| May 2018 | $15M | $550M | 36.7x | Series D |
| Jun 2016 | $4M | $175M | 43.8x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Droom Funding History
Droom has raised a total of $336M across 9 funding rounds.
Droom's first fundraising round was a $2M seed round in June 2014. The most recent completed round was a $3M seed round in March 2025.
Droom funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2025 | Seed | Finvolve (lead); IA Growth Opportunities Fund (lead); Rameshchandra Shah (lead); Rajkumar Sorathi; Shirish Patel; Hardik Kothiya | $3M | - | Droom is an IPO-bound online marketplace founded in 2014 for buying and selling used vehicles including cars, motorcycles, and electric vehicles, with additional services in rentals, financing, software solutions, and advertising. The company secured INR 25 crore (approximately $2.9-3 million) in a fresh funding round around March 13-17, 2025, co-led by Finvolve, IA Growth Opportunities Fund II, and Rameshchandra Shah, with participation from Hardik Kothiya, Rajkumar Sorathi, Shirish Patel, and others. Droom issued 15,62,500 preference shares at INR 160 each via a special board resolution per RoC filings, with key investors contributing INR 5 crore each and Patel investing INR 3 crore; funds are earmarked for general corporate purposes, tech infrastructure, customer acquisition, and accelerating IPO refiling plans targeting INR 1,000 crore in 2027 at USD 1.2-1.5 billion valuation. Droom's 2024 revenue reached $9.91 million amid preparations for its second IPO attempt after withdrawing a prior INR 3,000 crore filing in 2021 due to market conditions. The platform leverages AI, AR, and digital trends to enhance transparency and convenience in India's used car market. To date, Droom has raised around $141.9-296 million across multiple rounds from backers including Lightbox, 57 Stars, and Seven Train Ventures. |
| Jul 2021 | Series G | 57 Stars (lead); SevenTrainVentures | $200M | $1.2B | Droom Technology Pvt Ltd, an online automobile marketplace based in Gurugram, India, facilitates buying and selling of used multi-category vehicles like cars and motorbikes with verified listings, negotiation tools, and price estimation features for sellers. The company closed the first leg of a pre-IPO growth funding round of up to $200 million (Rs 1,486 crore) on July 28, 2021, led by new investor 57 Stars with participation from Seven Train Ventures and existing investors including Toyota Tsusho and Lightbox. This round valued Droom at $1.2 billion post-money, achieving unicorn status, up from about $500 million in 2018, with prior funding totaling around $125 million across Series D and E rounds. Droom reported a current annual run-rate of $54 million in net revenue and $1.7 billion in gross merchandise value (GMV) as of July 2021, on track for $65 million net revenue and $2 billion GMV by year-end 2021. The company highlighted nearing profitability due to scale, technology focus, and operational efficiency, amid rising digital adoption during the pandemic and preference for personal vehicle ownership. Funds from the round were earmarked for expansion into top 100 cities, last-mile delivery, international growth, and new verticals like loans and insurance to boost GMV and monetization. Droom competes with Indian players like Cars24, Spinny, CarDekho, and CarTrade in the shifting online automobile market. It plans a dual-track IPO in 2022 on Nasdaq or in India, aiming to complete the full $200 million raise by year-end 2021. 57 Stars, a US-based asset manager with nearly $4 billion under management, praised Droom's digital ecosystem for revolutionizing vehicle transactions globally, including electric vehicles. |
| Jun 2019 | Series F | - | $10M | $500M | Droom is an online marketplace for buying and selling used vehicles in India, providing verified listings, inspection services, and tools for price estimation and negotiation. The platform operates a consumer-to-consumer and consumer-to-business marketplace model with offerings including vehicle certification, credit facilitation, and insurance services. In June 2019, Droom had previously raised $125 million across multiple funding rounds since inception. Droom's valuation as of October 2018 was approximately $500 million. By July 2021, the company achieved unicorn status with a $1.2 billion valuation after raising a $200 million Series G round, demonstrating significant growth trajectory from 2019. |
| Oct 2018 | Series E | Joe Hirao (lead) | $30M | $550M | Droom is an online marketplace for new and used automobiles, including cars, motorcycles, bicycles, and aircraft, offering services like doorstep inspections (ECO), certification (Orange Book Value, History), Droom Credit for financing, and C2C/C2B marketplaces. The company, headquartered in Gurugram with a Singapore holding structure and US/India subsidiaries, raised $30 million in its Series E funding round on October 4, 2018, led by the family office of Japan-based investor Joe Hirao, founder of ZIGExN, bringing total funding to $125 million across six rounds. Previous rounds included a $30 million Series D in May 2018 led by Toyota Tsusho Corporation and Digital Garage, valued at about $550 million, and earlier investments from Lightbox, Beenext, Beenos, and others. The funds from Series E were allocated to expand Droom Credit, pan-India inspection services, certification offerings, C2C and C2B marketplaces, and technology advancements including machine learning, AI, IoT for ECO, and blockchain for credit services. Droom planned international expansion into Southeast Asian countries like Indonesia and Malaysia soon after, aiming to enter 100 more cities in India. At the time, it reported an annualized gross merchandise value (GMV) run rate of $750 million, $20 million annual revenue run rate, close to $750 million in gross revenue, and $20 million in net revenue, claiming 75% market share in India's online automobile sector. Droom targeted doubling GMV to $1.4 billion by end-2018 and $3.5 billion by 2019, with plans for an IPO by 2020 and profitability in the second half of 2019. The round also enabled an ESOP buyback worth Rs 50 crore for over 60 long-term employees. Competitors include Truebil, Zoomo, CarDekho, Carwale, CarTrade, OLX, and Quikr in the online used-automobile space. |
| May 2018 | Series D | Toyota Tsusho (lead); Digital Garage; Ellison Investments | $30M | $550M | Droom Technology Pvt. Ltd. is India's largest online automobile marketplace, facilitating transactions for new and used vehicles with 250,000 auto dealers across 500 cities and 27.3 million monthly visitors. It claims 70% market share in India's online automobile segment. In May 2018, Droom raised $30 million in its Series D funding round led by Toyota Tsusho Corporation, co-led by Digital Garage, with participation from Ellison Investments and others from China, Hong Kong, and Southeast Asia. The funds were earmarked for international expansion, particularly in Southeast Asia via an MOU with Toyota Tsusho, investments in AI, machine learning, data science, and technology-led acquisitions. At the time of the Series D round, Droom reported generating close to $700 million in gross revenue and $15 million in net revenue over the past three years, with a listed GMV of $3.5 billion. The company aimed to double its GMV to $1.4 billion by end-2018 and $3.5 billion by 2019, while planning a Nasdaq IPO by end-2019. This round brought total funding to over $90 million since its 2014 launch, following prior rounds including $20 million Series C in July 2017 led by Integrated Asset Management and Digital Garage. The Series D valued Droom at about $550 million post-money. It competes with platforms like CarDekho, Zigwheels, QuikrCars, CarWale, and CarTrade. A subsequent $30 million Series E round in October 2018, led by Joe Hirao's family office, brought total funding to $125 million, with Japan-based investors contributing $50 million in 3.5 years. |
| Jul 2017 | Series C | Digital Garage (lead); Integrated Capital (lead); Beenos Partners; BEENEXT; Lightbox | $20M | - | Droom is an online marketplace for new and used automobiles, including cars, bikes, scooters, and commercial vehicles, offering services like vehicle diagnostics, loans, insurance, and verification. In 2017, around the time of its funding activities, Droom expected to achieve net annual revenues of Rs 60-75 crore by March 2017 (FY 2017), with an annualized GMV of INR 2,500-3,000 crore. Orders on the platform grew significantly from 8,232 units in 2015 to 49,974 units by end-2016, while transacted GMV surged 533% from Rs 155 crore to Rs 1,000 crore, and the active seller base expanded from 2,038 to 15,619. The specified funding round in May 2017 involved investors including BEENEXT, Beenos Partners, Digital Garage, Integrated Capital, and Lightbox, with Digital Garage and Integrated Capital as leads. Related rounds around that period include a Series B of $20 million in 2016 led by Lightbox and Digital Garage, and a Series C of $30 million in 2017 led by Digital Garage and Lightbox, aimed at scaling platform features, technology, analytics, and vehicle inspection tools. Droom projected further growth, targeting annualized GMV of INR 4,500-5,000 crore and net annual revenues of Rs 125-150 crore by December 2017. The company has raised a total of over $344 million across multiple rounds up to 2025, becoming a unicorn in 2021 with a $1.2 billion valuation in a $200 million Series G round, and later filing for an IPO to raise Rs 3,000 crore. |
| Jun 2016 | Series B | BEENEXT (lead); Digital Garage (lead); DG VENTURES; Beenos Partners; Lightbox | $25M | $175M | Droom is an online marketplace for new and used automobiles, founded in April 2014 by Sandeep Aggarwal, previously co-founder of ShopClues. It operates a platform that enables buying and selling of used vehicles, automatically rating listings based on provided information, documentation, and photos, and offers on-demand inspection services like ECO. By June 2016, Droom had expanded to 142 cities in India, claimed over 2.47 million app downloads, 47,000 B2C sellers, 24,000 products, 57,000 listings, and Rs 2,326 crore in listed GMV. It processed 3,500 deals monthly and reported $160 million in annualized gross merchandise volume. In its Series B funding round on June 1, 2016, Droom raised between $25-30 million (undisclosed officially, per sources), led by BEENEXT and Digital Garage, with participation from existing investors Lightbox and Beenos Partners (listed as BEENOS in some reports). This followed a $16 million Series A in July 2015 from Lightbox and Beenos. The post-money valuation exceeded $200 million. Funds were earmarked for geographical expansion into Southeast Asia (Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam by end-2016), hiring, technology development, and market growth. Droom competed with OLX, Quikr, Truebil, Zoomo, CarDekho, Carwale, and CarTrade in India's used car market. The company reported tremendous growth, including 1500x in 16 months per some coverage, and aimed for further dominance in the premium digital auto marketplace segment. |
| Jul 2015 | Series A | Lightbox (lead); Beenos Partners | $16M | - | - |
| Jun 2014 | Seed | - | $2M | - | - |
Who has invested in Droom?
17 investors have backed Droom across its funding rounds, including Digital Garage, Beenos Partners, Lightbox, BEENEXT, DG VENTURES and Finvolve.
Lead investors include Finvolve, IA Growth Opportunities Fund, Rameshchandra Shah, 57 Stars, Joe Hirao and 5 other investors.
Droom Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Tokyo | 3 | Participant | Jul 2015 | |
| Tokyo | 3 | Lead | Jun 2016 | |
| Mumbai | 3 | Lead | Jul 2015 | |
 Singapore | 2 | Lead | Jun 2016 | |
| Tokyo | 1 | Participant | Jun 2016 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Integrated Capital |  Hong Kong | 1 | Lead | Jul 2017 |
| Rajkumar Sorathi | -- | 1 | Participant | Mar 2025 |
| IA Growth Opportunities Fund | -- | 1 | Lead | Mar 2025 |
| Tokyo | 1 | Lead | Oct 2018 | |
 United States | 1 | Lead | Jul 2021 | |
| New York City, NY | 1 | Participant | Jul 2021 | |
| Oklahoma City, OK | 1 | Participant | May 2018 | |
| Rameshchandra Shah | -- | 1 | Lead | Mar 2025 |
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Start Free TrialAcquisitions by Droom
Droom has acquired 1 company to date.
Last acquisition by Droom was on October 1st 2020. Droom acquired Visiolab Ideas Pvt Ltd for undisclosed valuation.
Latest Acquisitions by Droom
| Description | Visiolab Ideas Pvt Ltd is a Bangalore-based provider of digital solutions enhancing vehicle purchase research for consumers. Established in 2015, the company offers VR test drives, 360-degree configurators, and AR comparisons accessible via its AutoVrSeh app. Visiolab serves Indian dealerships like Maruti Suzuki, reaching 1 million users annually through web and mobile platforms. |
| HQ Country | |
| HQ City | Gurgaon |
| Deal Date | 1 Oct 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Droom acquisitions and their M&A valuation multiples. Start Free Trial | |
Droom Competitors
Droom competitors include listed companies like The RealReal and Alma Media, and private ones like SeatGeek, The Good Glamm Group, Chrono24 and Clipboard Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | $186M | - | $1.2B | 6.5x | |
| New Delhi | Private | $120M | - | $1.2B | 10.0x | |
 Karlsruhe | Private | $215M | - | $1.2B | 5.4x | |
| United States | Publicly listed | $693M | $15M | $1.2B | 2.0x | |
 Finland | Publicly listed | $377M | $110M | $1.3B | 3.7x | |
| San Francisco, CA | Private | - | - | $1.3B | - |
Droom Public Comps
Droom is still privately-owned, but its public comps include Orchid Island Capital, BuySell Technologies, The RealReal, Goldman Sachs BDC, Intrum, Alma Media, Yelp, Baltic Classifieds Group, Upwork and Mony Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $180M | - | 4.6x | 3.5x | - | - | |||
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $303M | - | 9.8x | 8.9x | - | - | |||
| $1.6B | $915M | 3.7x | 3.4x | 6.5x | 7.2x | |||
| $377M | $110M | 3.8x | 3.7x | 13.1x | 11.6x | |||
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
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Common questions about Droom
| When was Droom founded? | Droom was founded in 2014. |
| Where is Droom headquartered? | Droom is headquartered in Haryana, India. |
| Is Droom publicly listed? | No, Droom is a private, VC-backed company. |
| What is Droom's valuation? | Droom was last valued at $1.2B in its Series G in July 2021. |
| How much funding has Droom raised? | Droom has raised $336M across 9 funding rounds. |
| What was Droom's last funding round? | Droom's last funding round was a $3M seed round in March 2025, led by Finvolve, IA Growth Opportunities Fund and Rameshchandra Shah. |
| Who are Droom's investors? | Droom's investors include Beenos Partners, Digital Garage, Lightbox, BEENEXT, DG VENTURES, Integrated Capital, Rajkumar Sorathi, IA Growth Opportunities Fund, Joe Hirao, 57 Stars and 7 others. |
| What is Droom's revenue? | Droom's latest recorded revenue is $54M (July 2021). |
| What is Droom's revenue multiple? | Droom's latest valuation implies a 22.2x revenue multiple ($1.2B valuation on $54M of revenue). |
| Which companies are comparable to Droom? | Companies comparable to Droom include SeatGeek, The Good Glamm Group, Chrono24, The RealReal, Alma Media and Clipboard Health. |
| How many companies has Droom acquired? | Droom has acquired 1 company, including Visiolab Ideas Pvt Ltd. |
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