Connect with us

Entrepreneur Stories

Droom Raises $ 30 Million In The Latest Funding Round

Published

on

Droom Raises Funds,Latest Funding Round,Business News 2018,Best Startups in India 2018,Latest Startup News India,startup stories,Startup Funding Round,Latest E Series Funding Round,Online Automobile Startup Droom,Droom Founder Sandeep Agarwal

Droom, an online automobile oriented startup, raised funds to the tune of $ 30 million in the latest Series E series funding round. Led by Joe Hirao, the founder of ZIGExN, this new round of funding also saw investment from an anonymous Japan based family office fund.

Through the latest round of funding, Droom plans on expanding its financial offerings, inspections and marketplace formats beyond the B2C format it currently works with. This new round of funding comes shortly after the last round, where Droom secured an initial funding of $ 30 million. From the time of its inception (four years ago,) Droom has managed to secure an overall funding of close to $ 125 million, taking the valuation of the company to a whopping $ 750 million!

Talking about the incredibly successful Series E funding round, Sandeep Aggarwal, Founder and CEO of Droom, said, “Over the past 4 years, Droom has established itself as the unchallenged leader in the online automobile transactional platform and the continued faith of global investors underlines this success. The current series E funding gives an immense fillip to us as we aim to simultaneously strengthen and diversify our services such as inspection, Droom Credit, C2C and C2B marketplace formats, enable a smooth online transaction and provide more competitive terms and interest rates to customers through Droom Credit.”

Founded in the year 2014 by Sandeep Aggarwal (also known for founding the e commerce platform, ShopClues,) Droom has done wonders since the time it entered the startup world. From revolutionising the B2C consumer market to creating a new form of travelling, Droom has done a lot since it entered the industry four years ago!

To make matters exciting, Agarwal also said the company plans on going for an IPO by 2020! Expected to enter the Malaysian and Thai markets by end of this year, Droom reported an annual income of $ 11 million in the last financial year (as opposed to the $ 3.4 million it reported in the previous years.)

Continue Reading
Advertisement
1 Comment

1 Comment

  1. Your code of destiny

    April 16, 2025 at 11:11 pm

    I’m extremely impressed with your writing talents and also with the format to your weblog. Is this a paid subject or did you modify it yourself? Either way keep up the excellent high quality writing, it’s rare to peer a nice weblog like this one nowadays!

Leave a Reply

Your email address will not be published. Required fields are marked *

Videos

Larry Page: The Visionary Co-Founder Behind Google’s Global Success

Published

on

Larry Page

Larry Page is a visionary technology entrepreneur and co-founder of Google, one of the world’s most influential companies. Born in 1973 in Michigan, Page grew up surrounded by computer technology, which inspired his passion for innovation from an early age. He studied computer engineering at the University of Michigan and later pursued his PhD at Stanford University, where he developed the revolutionary PageRank algorithm with Sergey Brin. This technology fundamentally changed the way search engines rank websites, making Google the most accurate and popular search engine globally.

The journey of Larry Page and Google began in 1998 when they officially launched the search engine from a small garage. Leveraging their unique algorithm, Google quickly surpassed competitors due to its ability to deliver highly relevant search results, transforming internet search forever. Under Larry Page’s leadership as CEO, Google expanded beyond search to launch groundbreaking products including YouTube, Gmail, and Google Maps, turning it into a global tech powerhouse that shapes how we access and interact with information online.

Larry Page later became the CEO of Google’s parent company, Alphabet Inc., driving innovation and investment in next-generation technologies such as artificial intelligence, autonomous vehicles, and healthcare solutions. His visionary leadership and commitment to technological advancement have cemented his legacy as one of the most influential figures in the tech industry. Today, Larry Page remains a key influencer in shaping the future of technology and digital innovation worldwide.

Continue Reading

Entrepreneur Stories

India’s Tech Story: Airtel Spreads AI Access, Ohm Mobility Lessons

Published

on

Airtel AI

Bharti Airtel has launched the innovative “Airtel-Perplexity Blueprint,” partnering with Perplexity to provide over 360 million customers free access to Perplexity Pro for a year—a benefit valued at ₹17,000 ($200). This collaboration enables Airtel users across mobile, broadband, and digital TV to harness advanced capabilities in generative AI, including leading AI models like GPT 4.1, Claude, and Gemini, along with up to 300 Pro searches daily, image generation, document analysis, and personalized planning services. The move is seen as a milestone for telecom innovation and the democratization of AI in India, making powerful research and productivity tools accessible to a massive user base.

This strategic partnership positions Airtel as an “AI-first” telecom provider, allowing it to gain key insights into user interactions with artificial intelligence and adapt its networks for growing digital demands. For Perplexity, the tie-up grants exclusive access to India’s vast telecom audience, rapidly propelling the app to the No. 1 spot on the Indian App Store, surpassing global competitors like ChatGPT and Google Gemini. Airtel customers can activate their complimentary subscription seamlessly through the Airtel Thanks App, under the Rewards and OTTs section, reinforcing Airtel’s commitment to digital customer empowerment.

The broader Indian startup ecosystem reflects both breakthrough innovation and hard-earned lessons, illustrated by the recent shutdown of Ohm Mobility, an EV financing startup. Despite multiple pivots and industry-leading investors, Ohm Mobility struggled to achieve a sustainable business model—a reminder of the challenges in market fit and adaptability. As AI adoption accelerates and startup realities evolve, industry leaders like Airtel and Perplexity are setting new standards, while others, like Ohm Mobility, offer valuable insights on resilience and the importance of business model flexibility in India’s dynamic tech landscape.

Continue Reading

Entrepreneur Stories

Tesla Secures Mumbai Facility as Key Step in India Market Entry

Published

on

Tesla StartupStories

Tesla has ramped up its India expansion by leasing a 24,565 sq ft warehouse at Lodha Logistics Park in Mumbai’s Kurla West. The five-year lease, registered on May 16, 2025, involves a total rent of over ₹24 crore, starting at ₹37.53 lakh per month with a 5% annual escalation. The facility includes two ground-floor units and 20 parking spots, with rent payments commencing June 1, 2025.

This warehouse will function as a key service center and garage for Tesla’s India operations, excluding bodywork and spray painting. The move supports Tesla’s preparations for its official market debut, expected in late 2025 or early 2026.

Tesla’s India rollout includes offices in Pune, flagship showrooms in Mumbai’s Bandra Kurla Complex (BKC) and Delhi-NCR, and co-working spaces in Mumbai. The new warehouse lease highlights Tesla’s commitment to building a robust infrastructure for sales, service, and delivery of electric vehicles and energy products across India.

While manufacturing plans are not yet confirmed, Tesla is reportedly exploring sites in Maharashtra for a potential assembly unit. The Mumbai warehouse lease marks a significant step in Tesla’s strategy to establish a strong presence in one of the world’s fastest-growing EV markets.

Continue Reading
Advertisement

Recent Posts

Advertisement