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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.
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 ...
Droom Technology Private Limited (Droom), a used-automobile marketplace platform based in India, had identified a big-ticket item with an average selling price of ₹200,000-₹600,000 and harnessed its innovative technology to build an online ecosystem. In doing so, it had stayed clear of inventory management by following a marketplace model like that used by Flipkart Internet Private Ltd ...
May 23, 2018 · For Aggarwal, who is a big fan of internet business, the challenge was letting his legacy thinking go away and get a fresh perspective to run Droom, in other words, think and act like a first-time ...
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The business model concept is gaining traction in different disciplines but is still criticized for being fuzzy and vague and lacking consensus on its definition and compositional elements. In this paper we set out to advance our understand-ing of the business model concept by addressing three areas of foundational
