Droom

Snapdeal defers $152 mn IPO indefinitely citing poor market conditions

Development follows shelving of IPO plans by several notable firms such as Image Marketing (owner of wearable brand Boat), Droom Technology and PharmEasy

SoftBank-backed Cars24 eyes small towns to sell used cars in India

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

Withdrawal of start-up IPOs take wind out of sails of unlisted market

Share prices, trading activity slump amid rising uncertainty for startup listings

India online used car sales to reach 8.3 mn units by 2026: Report

India saw three online used car platforms -- Droom, CarDekho and Spinny -- becoming unicorns in 2021 and the used car sales are expected to grow to 8.3 million units by 2026, a report showed

Vehicle e-commerce platform Droom Tech files for Rs 3,000-crore IPO

The company will be the second Indian automobile online company after CarTrade, which got listed in August

Auto e-commerce platform Droom files DRHP to raise Rs 3,000 crore in IPO

The offer comprises a fresh issue of aggregating up to Rs 2,000 crore and an offer for sale of up to Rs 1,000 crore

Automobile marketplace Droom files Rs 3,000-cr IPO papers

Droom Technology, an online marketplace for automobiles, has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,000 crore through an initial share-sale

Policy vacuum speed breaker may slow down India's booming used car market

The pre-owned car market has got a boost with the entry of startups like Cars24, Olx Autos, Droom and CarTrade. But there's still a policy vacuum here. Let's understand how it can hit the market

India's Droom aims to list on Nasdaq, valuation crosses $1.2 billion

Online automobile marketplace expects to benefit from customers looking to own vehicles, avoid public transport.

Droom founder, family office to invest in 10-12 startups every year

Droom founder Sandeep Aggarwal and his family office have invested over Rs 25 crore in 18 startups, they are looking at backing about 10-12 companies a year in startup ecosystem

Average selling price of used cars falls first time in five years: Report

Change in emission norms dragged impacted demand, leading to price drop

Fall again, rise again: The turbulent life story of Sandeep Aggarwal

Aggarwal comes across as neither arrogant of his achievements nor dismissive of his failings

Droom to launch contactless commerce services on its platform across India

Droom has already received over 125,000 new listings worth Rs 10,000 crore in listed gross merchandise volume from different cities

US DoJ drops charges against Droom founder in insider trading case

"This lasted for almost seven years. But I am very grateful that in the end it was the rightful and just call by the DoJ to drop all charges unconditionally," said Aggarwal.

Droom prepares for Nasdaq listing, charts expansion to Southeast Asia

Droom counts Lightbox, Japanese e-commerce firm Beenos and Digital Garage among existing investors

Droom gets $30-mn funding, to buy back Rs 500-mn shares from employees

The company aims to double the GMV to $1.4 billion by end of 2018 and to $3.5 billion by 2019. The company plans to go for an IPO by 2020

Auto e-commerce start-up Droom raises $20 mn, eyes Nasdaq listing in 2 yrs

Eyeing a Nasdaq listing in the next two years, online automobile e-commerce platform Droom has raised $20 million (Rs 130 crore) in a round led by Integrated Asset Management (IAM).This is the fifth round of funding which saw participation from all the existing institutional investors -- Lightbox, Beenos, Digital Garage and Beenext. The company has so far raised $65 million, including from the latest tranche of investment.The company plans to go for an IPO by middle of 2019 and has already started the process of being compliant to the Nasdaq requirements. "We are working towards becoming a listed company. We would be profitable by next year and after that we would be heading for an IPO. We have roped in one of the big four consultancies to do the feasibility study," said Sandeep Aggarwal, Droom founder and CEO.The present funding round would fuel its plans to strengthen the technology platform, tech-focussed acquisitions and strengthen Droom's brand portfolio. The company plans to ...

Droom plans to raise $50 mn, launches credit platform

With plans to raise $50 million to becoming a unicorn by fiscal year end, Sandeep Aggarwal, founder and CEO, Droom, has his hands full. The online automobile transactional marketplace has launched India's first marketplace to get auto loan for used automobiles Droom Credit, an end-to-end online and fully automated credit marketplace.Aggarwal has been making frequent trips to China, Hong Kong among other places talking to investors to raise the next round of funding, which he believes would happen in the next six months. "We have significant interest especially coming from China. We did an investor day in Hong Kong. We are thinking of raising around $50 million," he said.Founded in April 2014 in Silicon Valley, Droom is an online marketplace to buy and sell new and used automobiles and automobile services. According to Aggarwal, Droom would be a billion dollar valuation company by end of the fiscal year and is the fifth largest ecommerce company in terms of gross merchandise value ...