F&O
Droom IPO
Droom Ltd.
Droom IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| To be announced | -- | -- | -- |
| Issue Size | IPO Doc |
|---|---|
| 3000.00Cr | DRHP PDF |
About Droom
Founded in
2014
Managing director
Sandeep Aggarwal
Parent organisation
Droom Ltd.
Strengths & Financials of Droom
Strengths
Risks
End-to-end e-commerce platform for buying and selling used vehicles in India.
Purely online player which allows the company to escape expensive real estate, and high cost of capital.
An asset-light and technology-driven platform.
As of September 30, 2021, the company had over 278,807 used vehicles listed across 11 categories present across 1,151 cities in India.
As of September 30, 2021, the company had 14.46 million cumulative downloads of its mobile app.
The company holds a valid patent in the United States for Orange Book Value (OBV), its used vehicle pricing solution.
Other platforms such as its AI-based vehicle inspection service and Droom Credit, an automobile-focused lending platform have been developed entirely in-house.
The number of auto dealers on its platform has increased at a CAGR of 11.57% from 16,175 as of March 31, 2019, to 20,133 as of March 31, 2021, and were 20,725 as of September 30, 2021.
Droom Financials
*All values are in Rs. Cr
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