ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Droom strengthens online automobile market position, raises Rs.130 cr Series C funding

New Delhi [India], July 5 (ANI): Online automobile platform, Droom on Wednesday raised USD 20 million (Rs. 130 crore) in its Series C funding led by Integrated Asset Management and Digital Garage.

ANI Jul 05, 2017 22:43 IST googleads

Droom strengthens online automobile market position, raises Rs.130 cr Series C funding
New Delhi [India], July 5 (ANI): Online automobile platform, Droom on Wednesday raised USD 20 million (Rs. 130 crore) in its Series C funding led by Integrated Asset Management and Digital Garage. The round of funding is the fifth in Droom's history and positions the platform to further disrupt the online automobile space in India. With the fresh infusion of funds, Droom has raised closed to USD 65 million so far, a figure which will enable it to further fortify its market domination. The newly-raised capital will be leveraged to consistently build on its tech platform and drive greater adoption of its ecosystem tools such as history, ECO, OBV and credit. "Series C rounds typically accelerate the pace of growth for a business and help it establish its undisputed leadership in its sector and that's exactly the case with us. This fresh capital infusion into our war chest will once and for all give us an unchallenged competitive edge, not just in the online automobile space but in the e-commerce landscape at large," said Sandeep Aggarwal, Founder and CEO, Droom. "India is the next China as far as consumer internet is concerned. We are really impressed by Droom's ability to drive innovation, create scalable technology platforms, and capture the growth of the Indian automobile industry. Droom creates value for the industry by directly addressing and solving common pain points experienced by buyers and sellers," added Jeffrey Yam of Integrated Asset Management. (ANI)

Get the App

What to Read Next

Business

Finkurve Financial Services Limited (Arvog)

Finkurve Financial Services Limited (Arvog)

Mumbai (Maharashtra) [India], March 12: Finkurve Financial Services Limited (BSE: 508954), among leading Tech-first Gold Loan NBFC, announced that the Company has crossed Rs. 1,035 crore+ in Assets Under Management (AUM) surged by nearly 10x compared to FY23, marking a significant milestone in the company's growth trajectory within India's secured lending ecosystem.

Read More
Business

"World's first platform built on top of payments": Razorpay CEO H

Razorpay, on Thursday, announced the launch of Razorpay Agent Studio, a first-of-its-kind platform built on top of payments that allows businesses to deploy autonomous AI agents for operational tasks. The platform aims to automate various business processes, including dispute management, customer recovery, and payment reconciliations, by integrating AI directly into the payment infrastructure.

Read More
Business

Bridging the Tech Divide: How SSGSERV is Redefining White-Label

Bridging the Tech Divide: How SSGSERV is Redefining White-Label

New Delhi [India], March 12: In today's digital economy, enterprises depend heavily on uninterrupted technology infrastructure. As global SaaS platforms and OEM technology providers expand across markets, maintaining reliable customer and technical support has become a growing challenge. Companies are no longer looking for basic call center services but for specialized partners who can manage complex IT environments while maintaining speed, quality and brand consistency.

Read More
Business

IVCA Alternate Capital Excellence Awards 2026

IVCA Alternate Capital Excellence Awards 2026

Mumbai (Maharashtra) [India], March 12: The IVCA Alternate Capital Excellence Awards 2026 were presented at the 15th edition of the IVCA Conclave, organised by India's apex body for the alternate capital sector, the Indian Venture and Alternate Capital Association (IVCA). Held on Day 2 of the Conclave, the Awards honoured the institutions and individuals exemplifying excellence in performance, governance, and creating enduring value across the alternate asset ecosystem, spanning private equity, venture capital, private credit, venture debt, real estate, infrastructure, and impact investing.

Read More
Business

Hong Leong Islamic Bank Enters New Era as "HLB Islamic"

Hong Leong Islamic Bank Enters New Era as

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.