Droom
https://droom.inFounded :
2014
Type :
Products & Services
Size :
100-1000
Stage :
Raised funding
About
Droom is an AI and data science driven online transactional platform, which offers 21st century experience in buying and selling used and new automobiles in India and other emerging markets. Droom has built an entire eco-system around used automobiles for the digital economy, including Orange Book Value (used vehicle pricing engine), Eco (1,000+ points vehicle inspection), History (history records for used vehicles), Discovery (dozens of pre-buying research tools) and Credit (India’s first and only marketplace for used auto loan and dealer financing). Droom caters to individual buyers and sellers, dealers and large enterprise for not only for buying and selling but also entire life cycle management and all automobile ancillary services. Droom has four marketplace formats 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. With 80% market share of the automobile transactions online. Droom is India’s largest automobile platform online and 4th largest E-Commerce company. Besides, India Droom is available in Singapore, Thailand and Malaysia and OBV is available in 38 countries globally, making OBV world’s number one benchmark pricing engine. The company is currently generating $1.3 Billion in annualized GMV and growing at a rate of 100% Y/Y. Droom has presence in 1000+ cities across India (India’s largest hyper-local marketplace), 350K+ auto dealers (largest auto dealer platform in World), 35 Million+ monthly visitors, nearly 12 Million+ app downloads and 6.5 Million+ Facebook followers.
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