How Droom works for a Buyer Droom - Target Market SizeĪs per the recent calculations, India’s automobile industry is worth over $225 Billion. There’s a huge scope in India for the used vehicles, where there are four main issues that are noticeable:Īnd the most important issue is the trust factor between the dealing parties. It is an online platform that connects buyers and sellers of used cars, new vehicles, motorcycles, and even aircrafts. The Droom company caters to the individual buyers and sellers, dealers, and large enterprises not only for buying and selling but also for the entire life cycle management and all automobile ancillary services. 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+ points vehicle inspection), History (history records for used vehicles), Discovery (dozens of pre-Buying & Selling tools) and Credit (India’s first and only marketplace for a used auto loan and dealer financing). The IPO offering will combine a fresh issue of shares up to Rs 2,000 crore along with an offer for sale worth Rs 1,000 crore.ĭroom 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. NovemDroom files its draft red herring prospectus (DRHP) and is planning to raise INR 3,000 crore through the public market. Though he began quite late in this sector, at the age of 45 years, he could boast of having successfully built a startup that was worth over $1 bn. With the sole vision of becoming a pioneer in this sector, Sandeep Aggarwal forayed into the startup ecosystem. Based out of Gurugram, Droom is an online marketplace to buy and sell new and used automobiles. Yes, we are talking about the period before the emergence of Droom.ĭroom was founded by Sandeep Aggarwal in 2014 after he left Shopclues. Today, we are not new to the concept of buying and selling automobiles online. The content in this post has been approved by Droom. Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |