Droom IPO

Droom Ltd.

Droom IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
To be announced------
Issue SizeIPO Doc
3000.00Cr
DRHP PDF

About the company

Droom is a technology and data science company that facilitates automobile buying and selling online through a combination of its e-commerce platform along with a technology-driven vertically integrated proprietary ecosystem of products and services for the automobile industry. The company’s automobile e-commerce platform, which includes website and mobile apps, offers the facility to buy and sell new and used vehicles. Some of the elements of automobile buying covered on the company’s platforms are searching for a vehicle, creating buying requirements, price discovery, booking, certification to purchase and financing and doorstep delivery.;
Founded in
2014
Managing director
Sandeep Aggarwal
Parent organisation
Droom Ltd.

Strength and risks

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.

Financials

*All values are in Rs. Cr
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