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Droom is a tech and AI-driven 21st-century futuristic online platform revolutionizing the Indian automotive market. Droom is the only online automobile platform in India that sells both used and new automobiles and everything from bicycles to planes. Droom has helped 2.5million+ customers buy, sell, finance, insure, or inspect/certify vehicles ...
Droom is a tech and AI-driven 21st-century futuristic online platform revolutionizing the Indian automotive market. Droom is the only online automobile platform in India that sells both used and new automobiles and everything from bicycles to planes. Droom has helped 2.5million+ customers buy, sell, finance, insure, or inspect/certify vehicles ...
E-commerce is an online platform created for all business providers who intend to reach a large scale of audience with the purpose of growing their online presence rapidly. Droom provides you with the benefit of having your own self-service account called “Store Manager” which enables you to manage your online business with ease since you ...
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- Droom - About and How Droom Works
- Droom - Target Market Size
- Droom - Founder/Owner and Team
- How Was Droom started?
- Droom - Startup Launch
- Droom - Business Model and Revenue Model
- Droom - Competitors
- Droom - Name, Tagline and Logo
- Droom - Funding and Investors
- Droom - Growth and Revenue
Droom is an AI and data science-drivenonline transactional platform, which offers 21st-century experience in buying and selling used and new automobiles in India and other emerging markets. The startup has built an entire ecosystem around used automobiles for the digital economy, including Orange Book Value (used vehicle pricing engine), Eco (1,000...
As per the recent calculations, India’s automobile industry is worth over $225 Billion. Out of which, $60 Billion is comprised of the ancillary services such as warranty, insurance, and services. The remaining $160 Billion is primarily split between new vehicles and used automobiles. With 80% market share of the automobile transactions online, Droo...
Sandeep Aggarwal is the founder and CEO of Droom. Founder of Droom Sandeep Aggarwal is a serial entrepreneur, angel investor, internet visionary, and philanthropist. He is popularly known as the father of marketplaces in India. He has founded two marketplaces in India so far – ShopClues in 2011 and Droomin 2014. Aggarwal’s entrepreneurial journey b...
Sandeep Aggarwal started Droom in 2014with the vision to fix the problem of trust in the online used-car business. The platform initially started as an online marketplace for used cars in Delhi. Three months later, it was dealing in used cars and two-wheelers but still in New Delhi. Exactly one year later, the company was dealing in used cars and t...
Digital platform Droom gave its team a lot on its plate with its launch. With 85% of the business coming in from used automobiles, the team grasped that building trust was key to success. Hence as remedial measures, the team went on an extra mile and built not one but four different product modules to address the trust issues of the customers: 1. T...
The Droom business model has fourformats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers a wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom, at majority makes money from commissions and subscriptions. On t...
ZigWheels, CarDekho, and CarTrade are the major Droom competitorsin the second-hand automobile segment when it started. But where it had a superior edge was that they developed a market, whereas the existing market players were only in the business of product discovery.
The tagline of the brand is "Droom - Tu bindaas ghoom" The experience offered by Droom is encapsulated in the tagline of the ads, “Miley feeling nai wali” (Gives you the brand new feeling).
Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $333 Million over 8 rounds 0f funding. The last funding round of the company came in on July 28, 2021, when it raised around $200 million from 57 Stars, Seven Train Ventures, and some other existing investors. Some of the pr...
In the calendar year 2019, Droom generated $1.3 Billion in annualized GMV and $32 million in net revenue with a growth at a rate of 100% Y/Y. Droom has presence in 1000+ cities across India (India’s largest hyper-local marketplace), and boasts of having over 350K auto dealers(largest auto dealer platform in World). Besides, Droom also claims of hav...
- 2014
- Gurugram, India
- Sandeep Aggarwal
- Automotive eCommerce
Mar 18, 2023 · Droom is an automobile e-commerce platform offering a 21st-century automotive buying experience online with its four value pillars including trust, selection, low price, and convenience second to none. It offers 250k+ vehicles online in 1,100 cities — both used and new. Droom deals in buying and selling cars, 2-wheelers, and other vehicles too.
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.
Droom is the 3rd largest E-commerce company in India in terms of GMV and the largest online auto marketplace for buying and selling new and used automobiles with over 70% market share of the automobile transactions online. Droom is headquartered in Gurugram, India, with a team size of 450+.
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