Nov 12, 2021 01:24 PM IST
ICICI Securities, Edelweiss, Axis Capital, HSBC and Nomura are the lead book running managers. Kfin Technologies is the registrar for the offer
- Aug 09, 2021 06:09 PM IST
Multichannel mobility platform CarTrade Tech is making its debut in the market with an IPO. CarTrade Tech incorporated in 2000, functions as a host of sorts connecting new car owners and used car owners via the platform in the buying and selling of their vehicles. Karunya Rao gets you all the details you need about the offering.
- Jul 29, 2021 03:25 PM IST
If its listing plans fructify, Droom would join rival Car Trade Tech which has received the SEBI nod for its Rs 2,000 crore IPO, the first ever in the highly competitive segment. Car Trade Tech is likely to launch its IPO shortly and on February 10, 2021, Moneycontrol first reported the Warbug Pincus and Temasek-backed firm’s listing plans.
- Jul 28, 2021 02:23 PM IST
Ahead of its planned listing at Nasdaq or an Indian bourse, Droom is optimistic about growth in the under-penetrated online automobiles market as it expects consumers to rapidly shift to online purchases in the post-pandemic world.
- Apr 09, 2021 07:27 AM IST
From sniffing out free breakfasts to starting the day with gratitude, Aggarwal talks about mornings in his student days and his routine now. His dream breakfast guest? Warren Buffett.
- Jul 26, 2020 06:15 PM IST
Germ Shield service, which was launched in March, offers an anti-microbial coating for vehicles, homes and offices.
- Feb 23, 2020 05:01 PM IST
The company, which aims to touch $120 million (about Rs 862 crore) in net revenue by 2021, is also looking at expanding its international operations to six new markets including Indonesia, Vietnam, and the UAE this year.
- Jan 08, 2019 06:15 PM IST
The company also eyes NASDAQ listing by 2020 while focusing on international expansion.
- Oct 04, 2018 02:55 PM IST
The company aims to double its gross merchandise value to $1.4 billion by end of 2018 and $3.5 billion by 2019
- Jun 18, 2018 04:16 PM IST
The company, which spent Rs 225 crore in the previous financial year, plans to further strengthen its ongoing efforts to reach out to consumers and "disrupt the pre-owned automobile market" with the amplified monetary allocation, Droom said in a statement.
- May 17, 2018 04:11 PM IST
The company also signed an MoU with Toyota Tsusho Corporation for expansion in South East Asia
- Dec 01, 2017 10:59 AM IST
Droom already offers instant price discovery for a used vehicle on its website under its valuation service called Orange Book Value
- Nov 16, 2017 04:47 PM IST
The winning group is making a product which will help people carry their Aadhaar linked digital profiles everywhere...
- Sep 28, 2017 09:31 PM IST
Shopclues ex-CEO Sandeep Aggarwal had filed an FIR against the company’s other two co-founders Radhika Ghai and current CEO Sanjay Sethi, earlier this month.
- Jul 26, 2017 05:43 PM IST
It doesn’t matter if someone believes in your conviction or not. You have to wear a salesman hat and convince someone to put money in you, advises Droom CEO Sandeep Aggarwal.
- Jul 05, 2017 02:51 PM IST
With this investment, the company has raised about USD 65 million so far within three years of its existence.
- Jul 05, 2017 01:19 PM IST
The company has so far raised USD 65 million, including from the latest instalment. "The funds will be used to strengthen the technology platform, tech-focussed acquisitions and strengthen Droom's brand portfolio," Droom founder and CEO Sandeep Aggarwal told reporters here. He, however, declined to comment on the valuation of the company.
- Jan 19, 2017 09:08 AM IST
Droom is expected to touch net annual revenues of Rs 60-75 crore by March 2017 with an annualised GMV in the range of INR 2,500-3,000 crore, Droom said in a statement.
- Dec 22, 2016 07:14 PM IST
The company plans to become profitable latest by February 2018. It claims to have enabled 55,000 transactions so far worth Rs 1,250 crore.
- Jun 01, 2016 03:50 PM IST
Online automobile marketplace Droom today said it has raised an undisclosed amount from BEENEXT, Digital Garage and other existing investors to expand its presence in the South East Asian countries like Indonesia.
- Feb 03, 2016 02:41 PM IST
The company also claimed that the gross merchandise value is more than Rs 1,000 crore presently. Founded in 2014 in Silicon Valley, Droom buys and sells new and used automobiles and automobile services.
- Oct 12, 2015 10:16 AM IST
The Lightbox-backed firm offers a marketplace to sell cars and motorcycles, superbikes and premium cars as well as planes.
- Jul 30, 2015 02:01 PM IST
Launched in November last year by entrepreneur Sandeep Aggarwal, the company plans to utilise the funds for expanding operations to add 20 automobile and 12 service categories hosting over 50,000 sellers and two lakh listings in the next 18-24 months, Droom said in a statement.