Droom’s FY19 losses widen to Rs 128 cr driven by increasing expenses

Binu Paul

Online marketplace for new and used vehicles Droom Technologies has widened its losses to Rs 128.55 crore for the financial year ....

2 December, 2019

Droom buys Xeraphin to strengthen lending arm

Tanmay Tiwary

Automobile marketplace Droom Technology has acquired a non-banking financial company (NBFC) Xeraphin Finvest for an undisclosed ....

4 November, 2019
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Listen: Sandeep Murthy on why Lightbox thrives on the 'do-or-die' venture capital model

Snigdha Sengupta

Mumbai-born Sandeep Murthy had a somewhat tumultuous ride as a venture capitalist in India, before finding a home in his own ....

7 October, 2019

Rebel Foods backer Lightbox closes third fund at $209 mn

Anand J

Lightbox, the Mumbai-based venture capital firm that has backed startups such as Droom, Rebel Foods and Furlenco, has closed its ....

17 September, 2019

Amazon woos restaurants with lower commissions; Acko partners with ZestMoney to offer credit insurance

Team TC

Amazon is reportedly trying to get restaurants onboard by offering reduced commissions. Digital insurance platform Acko General ....

20 August, 2019

Droom launches Eco Lab to leverage frontier technologies for marketplace

Tanmay Tiwary

Gurugram-based Droom Technology Private Limited, which runs a marketplace for new and used vehicles, has launched Eco Lab, an ....

18 July, 2019
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Droom launches AI lab to spruce up its automobile marketplace

Shweta Sharma

Droom has set up an artificial intelligence (AI) lab to develop new tools and solutions for its online automobile marketplace. The ....

7 June, 2019

Accel, SAIF Partners back used-car marketplace Spinny in Series A round

Kavya Kothiyal

Spinny, an online marketplace which specialises in used cars, has raised $13.2 million (Rs 92.4 crore at the current exchange ....

21 May, 2019

Automobiles portal Droom eyes Southeast Asian market, sets up shop in Thailand

Vijayakumar Pitchiah

Online marketplace for new and used vehicles Droom announced that it has launched operations in Thailand, it said in a statement. The ....

26 April, 2019

Used cars marketplace Cars24 seeks NBFC licence

Payal Ganguly

Online used cars marketplace Cars24 has applied to the Reserve Bank of India for a non-banking financial company (NBFC) licence ....

24 January, 2019
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Used cars marketplace Truebil gets $14 mn to refuel growth

Binu Paul

Mumbai-based online marketplace for pre-owned cars Truebil has raised a fresh investment of Rs 100 core ($14 million at current ....

22 January, 2019

Revved up by $110 mn in funding, CarDekho accelerates shift towards used cars

Kavya Kothiyal & Anirban Ghoshal

Fattened with $110 million in funding last week, Jaipur-based Girnar Software Pvt. Ltd, which owns auto portal CarDekho.com, is ....

7 January, 2019

Exclusive: CarDekho closes Series C funding round

Anirban Ghoshal & Kavya Kothiyal

Jaipur-based Girnar Software Pvt Ltd, which owns auto portal CarDekho.com, has closed its Series C funding round, raised from ....

3 January, 2019

Flashback 2018: The best of TechCircle from the year gone by

Team TC

TechCircle devotes its focus to new-age startups and enterprise technology -- two niche genres in which the action comes thick ....

31 December, 2018

CarDekho parent Girnar Software to raise $100 mn from Sequoia: Report

Binu Paul

Girnar Software Pvt. Ltd, which owns auto portal CarDekho.com, is in the process of raising $100 million (around Rs 700 crore ....

5 December, 2018

How Droom became a formidable force by keeping its eyes firmly on the road

Shweta Sharma & Kavya Kothiyal

Last week, online vehicles marketplace Droom secured $30 million (around Rs 220 crore) in a Series E round of funding, less than ....

10 October, 2018

CarDekho parent Girnar Software’s FY18 revenue jumps 40%, loss nearly halves

Dearton Thomas Hector

Jaipur-based Girnar Software Pvt. Ltd, which owns auto portal CarDekho.com, has recorded 40% growth in revenue and a narrower ....

9 October, 2018

Vehicle marketplace Droom closes Series E round, to invest in AI and blockchain

Shweta Sharma

Droom, an online marketplace for new and used vehicles, has closed its Series E funding round at $30 million (Rs 220 crore at ....

4 October, 2018

CarDekho parent buys YouTube automotive content channel PowerDrift

Binu Paul

Jaipur-based Girnar Software Pvt. Ltd, which owns auto portals CarDekho.com, BikeDekho.com and Gaadi.com, has acquired automotive ....

16 August, 2018

Are used cars playing second fiddle on online auto classifieds platforms?

Anand J & Binu Paul & Dearton Thomas Hector

Earlier on, online auto classifieds firms specialising in used cars felt they could function a bit like driving schools. They ....

29 June, 2018

How auto classifieds firm CarWale is driving the growth of parent CarTrade

Anand J

Online auto classifieds firm CarTrade slammed the brakes on spending in the financial year 2016-17 even as in-house portal CarWale, ....

5 June, 2018