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Droom, the leading platform for buying and selling automobiles, utilizes a unique business model that sets it apart from competitors. By leveraging cutting-edge technology and a streamlined approach, Droom connects buyers and sellers in a seamless and efficient manner. But how exactly does Droom generate revenue?
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.
- 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 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. Droom has 600K+ automobiles to choose from with a listed inventory of $14Bn+ from
- Haryana
- 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.
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 with trust, convenience, and peace of mind backed by Droom’s managed marketplace platform and proprietary tech ...
- 096500 80808
Founded in 2014, Droom is a tech and data science-driven online automobile marketplace that has revolutionized the way people buy and sell vehicles. The inception of Droom marked a significant milestone in the automotive industry, as it introduced a new era of transparency, convenience, and efficiency in the buying and selling process.
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The company's mission, vision, and core values play a crucial role in shaping its operations and guiding its growth. Let's delve into the impact of Droom's foundational elements: Mission: Droom's mission is to make the experience of buying and selling automobiles seamless and transparent for all stakeholders. This mission drives the company to ...
