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Dec 31, 2021 · A business model is a form in which an organization is built, that supports the practicability of a product or a company and portrays how an organization operates and goes forward to achieve its aim. As a result, a business model encompasses all of an organization’s operations and regulations. Droom’s business model is divided into four ...
Droom's business model facilitates transactions between buyers and sellers, providing both parties with a transparent and efficient marketplace. The company earns revenue through transaction fees and listing fees, where sellers pay a nominal fee to list their vehicles, and Droom charges a percentage on a successful car sale.
Alignment of interests: The commission model aligns the interests of Droom with those of their users, as they both benefit from successful transactions. Overall, the commission from transactions is a key revenue stream for Droom and plays a crucial role in their business model as a tech and data science-driven online automobile marketplace.
By harnessing this data effectively, Droom can gain valuable insights into customer behavior, market trends, and business performance, enabling more informed decision-making and strategic planning. By seizing these opportunities and staying agile in a rapidly evolving market, Droom can position itself for long-term success and continued growth in the online automobile marketplace.
Droom's Mission Statement. At Droom, our mission is to revolutionize the way people buy and sell automobiles by leveraging technology and data science to create a seamless online marketplace experience. We strive to provide our customers with a transparent, efficient, and trustworthy platform that simplifies the process of buying or selling a ...
Sep 18, 2018 · Nimbu-Mirchi. Inside the incredible world of Droom, India’s 6th largest e-commerce company. Ashish edits and writes stories at The Ken. Across subjects. In his last assignment, he was a Deputy Editor at Mint, a financial daily published by HT Media. The man smirks.
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Droom is an AI and data science driven online transactional platform, which offers 21st century experience in buying and selling used and new automobiles in India and other emerging markets.
