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Mar 21, 2024 · Funding, Valuation & Revenue. Droom has raised $139M over 8 rounds. Droom's latest funding round was a Angel for on March 21, 2024. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.
Jul 28, 2021 · “Droom’s current annual run-rate is $1.7 billion for GMV and $54 million for net revenue. The company remains on track to touch a GMV of $2 billion and a net Revenue of $65 million in CY2021 ...
- About Droom
- Business Model of Droom
- How Does Droom Make Money?
- Competitors of Droom
- Conclusion
- FAQs
Droom’s business began in Delhi as an online marketplace for old vehicles, but after three months, it expanded to include two-wheelers as well. The brand spread its services across 100 cities within a year. After another six months, the company began offering services such as roadside assistance, warranty, and insurance. They also expanded their se...
Droom’s tenacious business model was important in its growth and success. Let me first define what the term “business model” means before examining Droom’s business plan. 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...
Droom mainly has four sources to earn revenue that are, Service fees, Premium tools, Subscription, and Advertisements. The service fee is the main source of revenue, and this is charged on every successful transaction on the platform. This varies according to the vehicle type. The subscription plan is offered to various big auto dealers, and the co...
Droom faces major competition from companies such as Car24, CarDekho, OLX, and Quickr. Droom has several advantages over its competitors such as, it follows all the models of business and it is very efficient for buyers and sellers to get on the platform and use its services and provides an end-to-end service.
Recapitulating, Droom operates on a Business model, a plan that is well-integrated with technological advancements and a progressive model. It gives details to distinctive marketing activities. In the future, when automotive sales are expected to skyrocket, Droom will be facing tough competition, even though it has a big advantage overall.
What does Droom Company do?
Droom is India's first automobile e-commerce platform that allows you to buy and sell automobiles online.
How does Droom make Money?
Droom mainly has four sources to earn money that are, Service fees, Premium tools, Subscription, and Advertisements.
Who is the owner of Droom?
Sandeep Aggarwal is the founder of Droom.
Droom offers loans, insurance, escrow payments, warranty, return, last-mile delivery, and ownership transfer. For individual sellers, Droom offers QuickSell, a highly innovative, transparent, and convenient solution to sell or exchange pre-owned vehicles at lightning-fast speed and fair price via our vast network of 23k+ dealers in 1,174 cities.
Contact Email info@droom.in. Phone Number +91-96500 80808. Droom is a tech and data science-driven online automobile marketplace, which offers 21st-century experience in buying and selling automobiles in India. As a marketplace, Droom offers Great Selection, Low Prices, Trust, Transparency, and Convenience second to none.
- Rishab Malik, Sandeep Aggarwal
- Droom is located in Haryana, Haryana, India.
- Droom has 12 investors including 57 Stars And SevenTrainVentures.
- Droom has raised $333M.
- Droom closed its last funding round on Jul 28, 2021 from a Venture - Series Unknown round.
- Alternatives and possible competitors to Droom may include Qogita, CarDekho, And Carvana.
Oct 11, 2024 · Canvid - Dover based, 2022 founded, Unfunded company. The Analoge - 2024 founded, Unfunded company. Droom - AI-driven marketplace to buy & sell multi-category used vehicles. Raised a total funding of $341M over 9 rounds from 58 investors. Valued at $1.2B.
People also ask
Is Droom a profitable company?
How much money has Droom raised?
What is Droom?
How many investors does Droom have?
Does Droom sell cars?
What is a Droom business model?
One of the key ways that Droom makes money is through commission from transactions. As an online automobile marketplace, Droom facilitates the buying and selling of vehicles between buyers and sellers.
