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The market insights reports are being prepared by Droom's Market Insights & Analytics Team, which is an in-house research and analysis wing of Droom who is responsible for producing various reports on quarterly, half-yearly and annual basis. The report is created from data extracted from 1000's of transactions that have happened on Droom's ...
Jul 20, 2023 · On the other hand, IPO-bound Droom, a used-car and bikes marketplace which began operations in 2014, posted an operating revenue of INR 384.6 Cr in FY22. Sales jumped almost 207% during the year ...
Dec 27, 2021 · India saw three online used car platforms -- Droom, CarDekho and Spinny -- becoming unicorns (market cap of over $1 billion) in 2021 and riding the digital wave, the used car sales are expected to grow to 8.3 million units (at a healthy CAGR of 11 per cent) by 2026, a new report showed on Monday.
Mar 26, 2022 · According to a Redseer analysis, auto sales jumped by 140 percent between April and June 2021. Droom , an ecommerce platform for buying and selling used vehicles, also experienced explosive ...
- Anupriya Pandey
Even Droom — which, on one hand, claims to have over 80% market share India’s online car sales — confirms it only has a 0.56% share in the overall sale of automobiles (both new and old) in ...
Mar 8, 2021 · Today for every new car 1.65x used cars are sold in India. This ratio was 1.2x when Droom was started 6 years back. However, this ratio is significantly lower than that of UK at 3.3x, USA and Germany at 2.8x and Japan at 2.5x. We believe by 2025, India will cross 2.5x used cars sold for every new car.
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Jul 27, 2021 · At the current run rate, the company is expecting to register GMV of $2 billion and net revenues of $65-70 million in CY2021. Online vehicle marketplace Droom is betting on an 8-fold growth in gross merchandise value (GMV) to $15 billion by 2025 from an estimated $2 billion in this calendar year, hoping to ride the shift in consumer preference ...
