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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 is Indias first and only online marketplace for buying and selling new and used automobiles At over 65 of the online automobile transactions market share Droom is Indias largest auto portal Droom is also Indias 4th largest E-commerce company in terms of GMV The automobile platform is categorized by category seller price condition and city among other factors Droom has 15k listings of ...
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 ...
- Multi-Sided Platform Model. The model implies a company provides service to both business parties. To get a better understanding, let’s look at an example – LinkedIn.
- Freemium Business Model. The model includes both free and paid services. Typically, a business lures new customers with a free subscription. However, it’s free only for a limited period or with a basic set of features.
- Subscription Business Model. A business with a subscription business model provides consumers with certain services for a fixed monthly, quarterly, or annual fee.
- Peer-to-Peer Business Model. Under a peer-to-peer (p2p) business model, a business serves as an intermediary between two parties. The intermediary takes a commission for driving value for both the demand and supply sides.
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.
A business model defines how a company creates, delivers, and captures value. It acts as a blueprint for the operations, strategies, and potential profitability of a business. This article explores the various facets of business models, their importance, and the different types that are prevalent in today’s business environment.
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[cbm_blg_rlnkng]A Brief History of Droom Founded in 2014, Droom is a leading online marketplace for buying and selling new and used automobiles. What sets Droom apart is its innovative approach to the automotive industry, offering solutions that streamline the buying and selling process for both consumers and sellers.
