With four major categories – Jury’s Choice, Buyer’s Choice, Dealer’s Choice, and Best of Droom – further divided into ten sub-categories each, the Droom Pre-owned Automotive Awards registered an overwhelming response, receiving 110+ nominations from 35+ Original Equipment Manufacturers (OEMs). The judging criteria for each category was based on different methodologies including thousands of votes by buyers and dealers.

Hero two-wheelers put on a dazzling display at the event, with Hero Splendor Plus named the ‘Most Sold Bike on Droom’, Hero Maestro Edge winning the ‘OBV Highest Resale Scooter of the Year’, and Hero Electric Optima E2 driving home with the ‘Jury’s Choice Electric Scooter of the Year’. In cars, Honda City stood apart as the ‘Buyer’s Choice Sedan of the Year’, while Mercedes Benz C-Class emerged as the dealers’ favorite by winning the ‘Dealer’s Choice Luxury Car of the Year’. Hero MotoCorp bagged the most prizes across categories and was named the ‘OEM of the Year’ for two-wheelers. For the complete list of winners CLICK HERE

Speaking on the awards’ success, Sandeep Aggarwal, Founder and CEO – Droom said, “India is 3rd largest automobile market in the world. Since 2013 the number of used vehicles sold is higher than new vehicles sold in India. However, most of the ecosystem is still aligned to new vehicles. With Droom Pre Owned Automotive Awards, we are increasing the sense of joy and pride of owning the pre-owned vehicle and make if more celebratory.”

The event was a star-studded affair, with attendees including esteemed names from the automobile industry such as Sunil Munjal (Chairman – Hero Enterprise), Jagdish Khattar (former Managing Director – Maruti Udyog Ltd.), India’s fastest lady super biker Neharika Yadav, and Sundeep Gajjar (CEO – XBHP), among many other notable luminaries. Packed with loads of entertainment, with scintillating performances by the talented Illuminati and the showstopper Hardy Sandhu, the ceremony also saw the surprise launch of the Orange Book Value (OBV) book by Sandeep Aggarwal and Rajiv Makhni.

Hosted by Bollywood actor Aparshakti Khurana and renowned journalist Aabha Bakaya, the event also witnessed several insightful keynote exchanges about the trends and the future of this flourishing industry with auto trade associations, industry bodies, and veterans from across the country. Featuring an abundance of live performances, interactions, acknowledgment of the best performers across all categories, music, and glamour, this first-of-its-kind award ceremony for the Indian pre-owned automotive industry turned out to be a wonderful experience for all the attendees!

For more information about Droom Pre-Owned Automotive Awards CLICK HERE

About Droom

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 300+. 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.

Droom has in-built tech and data science tools to create the entire eco-system around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 million vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles’ loans). The company is currently generating $750 Million+ in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 550+ cities across India (India’s largest hyper local marketplace), 255K+ auto dealers (largest auto dealer platform in India), 38 Million+ monthly visitors, nearly 8 Million+ app downloads and 6.5 Million+ Facebook followers.

Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $125 Million dollars over six rounds of funding. Some of the prominent investors are Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation and Integrated Assets Management.

Droom sold an astounding number of two-wheelers including scooters ranging between INR 50-60k and motorbikes with an Average Selling Price (ASP) of approximately INR 60k. Playing a crucial role in this promising market, Droom has succeeded in generating a Gross Merchandise Volume (GMV) of approximately INR 32 crores, contributing to around 7.4% of the overall GMV.

Brands like Hero, Honda and Yamaha enjoyed domination in the market share of motorcycles and bikes, comprising around 95%. Honda, on the other hand, sold the most number of scooters, comprising 85% of share in the sales. The top selling models among motorcycles and bikes were Splendor Plus, Passion Pro i3s, CB Shine and FZS fi whereas Activa 5G emerged as the best-selling model among scooters.

One of the major reasons behind this surge in sale was the fact that Droom came up with a bounty of attractive offers amidst a market of car dealers struggling with high interest rates, high base effect, surged prices and muted consumer sentiments. Droom offered a discount of INR 25, 000 along with an interest rate as low as 8.99% on financing options. Additionally, Droom offered free one-year roadside assistance and a buyer security of up to INR 50 lakh on all pre-owned vehicles that were to be sold through the platform with a validity period of 6 months. Such festive offers led to an immense retention with a majority of demand for new vehicles in the two-wheeler category, deeming for around 96% of the orders in this segment.

Acknowledging the robust success, Sandeep Aggarwal, Founder and CEO, Droom remarked, “India is world’s largest two-wheeler market. In less than one year we have created the largest assortment of two wheelers online in India combined with auto loan, Insurance, RTO, and Assistance from auto experts. We think that Droom can be among the largest two-wheeler seller globally independent of channel in next three years.”

While cities like Delhi, Hyderabad and Ahmedabad were among the top 5 cities where these two-wheelers were sold, one of the most surprising factors was the emergence of smaller cities like Ludhiana, Vadodara, Surat, Alwar and Bilaspur among the top 10 cities showing orders in October. With this recent wave of expansion that has begun, Droom is optimistic about its future plans of further growth while continually providing an optimum level of purchase experience at the best prices.

About Droom

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 300+. 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.

Droom has in-built tech and data science tools to create the entire eco-system around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 million vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles’ loans). The company is currently generating $750 Million+ in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 550+ cities across India (India’s largest hyper local marketplace), 275K+ auto dealers (largest auto dealer platform in India), 33 Million+ monthly visitors, nearly 8 Million+ app downloads and 6.5 Million+ Facebook followers.

Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $125 Million dollars over six rounds of funding. Some of the prominent investors are Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation and Integrated Assets Management.

Droom aims to dedicate the funds raised towards Droom Credit, to bolster its doorstep pan India inspection services, Certification services such as OBV, History & ECO and C2C & C2B marketplaces. To further strengthen its dominance in the online automobile marketplace segment Droom will focus on scalability of its financial offerings, inspection, & marketplace formats beyond B2C. The tech-led platform will also invest heavily in further developing its Machine learning and AI capabilities for its vast portfolio of products. Besides this, Droom is also looking to invest in advanced, emerging technologies such as IoT for its ECO segment and Blockchain for its credit facilitation services.

Commenting on the successful Series E funding round, Sandeep Aggarwal, Founder and CEO, Droom said, “Over the past 4 years, Droom has established itself as the unchallenged leader in the online automobile transactional platform and the continued faith of global investors underlines this success. The current series E funding gives an immense fillip to us as we aim to simultaneously strengthen and diversify our services such as inspection, Droom Credit, C2C and C2B marketplace formats, enable a smooth online transaction and provide more competitive terms and interest rates to customers through Droom Credit.

He further added “The latest round of fund will help us in our expansion goals and, accomplishment of our growth objectives and scaling up our technology to build efficiency. We are thankful to our investors who always believed in Droom and supported us relentlessly.”

Elaborating on their interest in investment, Joe Hirao, Founder ZIGExN added, “Droom has done a fabulous job in creating India’s largest and 21st century online automobile transactional platform by leading the journey of reinventing pre-owned automobile transactions. The way they have created robust technology-based ecosystem services tools to address the fragmented and unorganized used automobile market, loan and insurance, and multiple marketplace formats such as B2B, C2C, C2B and C2C is very innovative and we are very happy to be a part of this great journey.”

Droom is currently on a rapid expansion drive, aiming to expand its operations in 100 more cities across the country while also eyeing international penetration. In the past three years, it has acquired over 75% of the online automobile market share in India, generating close to $750 million in gross revenue and $20 million in net revenue with the listed GMV of $6bn. The company aims to double its gross merchandise value to $1.4bn by end of 2018 and $3.5bn by 2019. The company plans to go for an IPO by 2020.

About Droom

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 75%+ market share of the automobile transactions online.

Droom is headquartered in Gurugram, India, with a team size of 325+. 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.

Droom has in-built tech and data science tools to create the entire eco-system around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 million vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles’ loans). The company is currently generating $750 Million+ in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 550+ cities across India (India’s largest hyper local marketplace), 250K+ auto dealers (largest auto dealer platform in India), 33 Million+ monthly visitors, nearly 8 Million+ app downloads and 6 Million+ Facebook followers.

Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $125 Million dollars over six rounds of funding. Some of the prominent investors are Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation, Integrated Assets Management and Family office of Japanese based investor Joe Hirao, Founder ZIGExN .

The process to determine the value of pre-owned vehicles has always been difficult as it was completely dependent on individual evaluation parameters without having a statistical or scientific perspective. However, with the launch of the unique online tool, buyers and sellers are able to come to a conclusive consensus in terms of pricing. Droom’s OBV gets close to 15 million users on OBV every month to obtain a fair market value of a used vehicle in less than 10 seconds! The algorithmic pricing engine covers a wide spectrum of vehicle categories, including cars, motorcycles, scooters, bicycles and planes in its evaluation base, covering 24000+ products from 100+ makes, nearly 1000 models and 4000 variants produced in the last 15 to 16 years.

Commenting on the soaring popularity of OBV, Sandeep Aggarwal, Founder and CEO, Droom, said, “It is overwhelming to see millions of Indians relying on a product as unique and useful as OBV before finalizing their vehicle sale and purchase. OBV has not only made buying and selling of pre-owned vehicles hassle-free and easy, but also has brought down the search time and search cost for used vehicles. With the help of OBV, we have generated a series of checkpoints based on statistical evidence, pricing based algorithms and prior industrial trends to arrive at a price decision that has been comprehensively calculated. As India’s pre-owned automobile market shows an uptick, due to rapid urbanization, changing consumer needs and growing internet penetration, we look forward to serving more consumers, auto dealers and enterprises, and further strengthening our position in the realm of automobile buying and selling space.”

Consumers, auto dealers and enterprises across country are fast adopting the pricing engine thanks to its ease of use, trustworthiness and easily understandable parameters. In the coming years, OBV is sure to disrupt the automotive resale space further and reaffirm its position as the default pricing engine of any vehicle in India.

About Orange Book Value (OBV)

OBV is India’s first and only algorithmic pricing engine that lets you calculate the fair market price of any used vehicle in just 10 seconds for free. OBV is based on 21st century data science and machine learning. Since its launch, OBV has seen 215 million+ pricing queries for 45k+ products, and 240k auto dealers use it across India each month. OBV is now available for used mobile phones also. OBV is available as destination Website (www.orangebookvalue.com), iOS and Android App, OBV Widget for 3rd party bloggers and a print edition.

About Droom

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 300+. 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.

Droom has in-built tech and data science tools to create the entire eco-system around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 million vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles’ loans). The company is currently generating $725 Million+ in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 500+ cities across India (India’s largest hyper local marketplace), 250K+ auto dealers (largest auto dealer platform in India), 33 Million+ monthly visitors, nearly 7.6 Million+ app downloads and 6 Million+ Facebook followers.

Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $95 Million dollars over six rounds of funding. Some of the prominent investors are Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation and Integrated Assets Management.

The partnership will enable a large number of uberMOTO drivers to procure a quality two-wheeler easily, with ability to get loan, insurance, certification and RTO registration services besides incredible discounts and deals on offer. Droom will simplify the onboarding process for Uber as well as the riders. Instead of reaching out to multiple dealers to source the bikes, uberMOTO will now be able to easily coordinate with Droom fleet solutions and fulfil the requirements of the drivers at bulk.

Commenting on the strategic alliance, Sandeep Aggarwal, Founder and Droom, said, “This partnership guarantees a win-win situation for both the stakeholders involved. While Uber drivers are guaranteed better access to not only high quality and wide variety of new and pre-owned bikes at fabulous prices, but also to penetrate the driver community strongly. At Droom, we have built Droom fleet solutions, a specific industry solution for ride-sharing companies and large fleet owners to get entire vehicle lifecycle unit from Droom right from great selection to loan and insurance, RTO, inspection and certification.”

Commenting on the partnership, Prabhjeet Singh, Regional General Manager, Uber India and South Asia said, “As 2 wheelers are ubiquitous in India, the nation has the opportunity to unlock the potential of shared mobility through optimal utilisation of existing vehicles on the road. Our partnership with Droom will enable more driver’s partners to explore and pursue micro-entrepreneurship opportunities through bike-sharing by using the uberMOTO app. This is also an important step towards fulfilling our commitment to ensure last mile connectivity in an easy and affordable way.”

Through this partnership Droom will be offering its services in all the 12 cities in India where uberMOTO is operational in real time which includes Gurgaon, Noida, Ghaziabad, Jaipur, Lucknow, Kanpur, Chandigarh, Ludhiana, Ahmedabad, Faridabad, Hyderabad and Amritsar. This brand-new and exciting partnership of Droom with uberMOTO will help to further strengthen its foothold in the pre-owned online automobile market and reach out to a wider audience in the coming time.

About Droom

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 65% market share of the automobile transactions online.

Droom is headquartered in Gurugram, India, with a team size of 300+. 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.

Droom has in-built tech and data science tools to create the entire eco-system around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 million vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles’ loans). The company is currently generating $700 Million+ in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 500+ cities across India (India’s largest hyper local marketplace), 250K+ auto dealers (largest auto dealer platform in India), 31 Million+ monthly visitors, nearly 7.6 Million+ app downloads and 6 Million+ Facebook followers.

Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $95 Million dollars over six rounds of funding. Some of the prominent investors are Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation and Integrated Assets Management.

About Uber

Uber is evolving the way the world moves. By seamlessly connecting riders to drivers through our app, we make cities more accessible, opening up more possibilities for riders and more business for drivers. From our founding in 2009 to our launches in hundreds of cities today, Uber's rapidly expanding global presence continues to bring people and their cities closer. Today Uber is available in 500+ cities across 73 countries. The service is available in 31 Indian cities -- more than any other country outside the United States.

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Out of the total INR 400 crore marketing budget, droom allocated INR 150 crore for digital media marketing and INR 150 crore for ATL/BTL activities. Droom has also allocated INR. 50 crores towards CSR related campaigns and INR 50 crore for attractive deals and promotions to attain better customer engagement and experience. The marketing activities will continue to focus on informing new users and markets about Droom’s Orange Book Value (OBV) feature, which has been a revelation in enabling users to measure the fair market value for any used automobile in less than 10 seconds.

Recently, Droom launched a Radio campaign for OBV called OBV Bakra. The campaign is running across multiple cities such as Delhi-NCR, Mumbai, Bangalore, Hyderabad and Pune on every popular radio station. The platform also plans to launch a TVC describing the features of OBV soon. Droom has planned INR 15 crore on marketing operations dedicated to OBV, and over the course of the next year, aims to continue marketing the unique pricing engine aggressively to gain further engagement with potential pre-owned automobile buyers and sellers.

Commenting on the landmark budget, Sandeep Aggarwal, Founder and CEO Droom said, “We have increased our marketing spend this year to further give a boost to our current online business, increase the share of the online automobile transactions. We are also looking to enhance our presence in tier II and III cities to attract more online automobile shoppers. The company aims to double its annualised sales and GMV from about INR 4,000 crore to INR 8,000 crore by December 2018 and INR 18,000 crore by 2019. By increasing our marketing budget, we believe the company can achieve its net revenue target of INR 275 crore for 2018, expand its reach and build the right customer base with ground-breaking strategies.”

Droom had recently raised $30 million in Series D round of funding from Toyota Tsusho Corporation (TTC) and Tokyo-based incubator Digital Garage. The company is on a growth spree and aims to further strengthen its position as the #1 online automobile transactional portal with a robust marketing strategy, the latest features and customer- centric modifications that make it extremely popular with users.

About Droom

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 65% market share of the automobile transactions online.

Droom is headquartered in Gurugram, India, with a team size of 300+. 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.

Droom has in-built tech and data science tools to create the entire eco-system around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 million vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles’ loans). The company is currently generating $700 Million+ in annualized GMV and growing at a rate of 220% Y/Y. Droom has presence in 500+ cities across India (India’s largest hyper local marketplace), 250K+ auto dealers (largest auto dealer platform in India), 31 Million+ monthly visitors, nearly 7.6 Million+ app downloads and 6 Million+ Facebook followers.

Droom is a Singapore Holding Company with subsidiaries in India and the United States. The company has so far raised close to $95 Million dollars over six rounds of funding. Some of the prominent investors are Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation and Integrated Assets Management.

For any media related queries, please contact: -

The newly raised funds will be used to further strengthen Droom’s domination in the online automobiles marketplace segment in India, where it currently owns nearly 70% market share, as well as to make its ecosystem service tools more scalable and to expand its international presence. The tech-led platform will also invest heavily in further developing its Machine learning and AI capabilities and build 100x larger scale. Droom also signed an MOU with Toyota Tsusho Corporation to expand internationally in SE Asia, reinforcing its global attractiveness in the markets that are characterized by trust deficit, high cost of capita, highly fragmented seller base, and loose rules & regulations.

Through the latest funding and the on-going support of investors, Droom aims to cement its position as India’s foremost online automobile marketplace. In the past three years, it has acquired 70% of the online automobile market share in India, generating close to $700 million in gross revenue and $15 million in net revenue with the listed GMV of $3.5bn. Droom has also proved its position as largest online automobile marketplace in India with close to 250k auto dealers in more than 500 cities across India on its platform and 27.3 million monthly visitors. The company aims to double its gross merchandise value to $1.4bn by end of 2018 and $3.5bn by 2019. The company plans to go for an IPO by end of 2019.

Speaking on the development, Sandeep Aggarwal, Founder & CEO, Droom, said, “Droom has seen tremendous growth over the past three and half years in terms of adoption by buyers/sellers, number of categories and listings, geographical presence, and GMV/transactions. It has irrevocably changed how automobiles are bought and sold online by creating robust tech and AI bases Ecosystem services tools fit for the 21st century. These tools focus on elements such as trust, transparency, pricing, and convenience. We are delighted to have a major investor like Toyota Tsusho Corporation backing us in this round. This partnership will play a major role in Droom’s journey ahead by helping us realise our growth potential, both in India and internationally. We are fortunate to have long standing support of Lightbox, Beenext and Beenos for believing in us very early on and supporting us relentlessly last 4 years. On the backdrop of Droom’s upcoming international expansion, we are excited to partner with Ellison Investments for helping us expand our investors base in Asia.”

Toyota Tsusho Corporation said, “We were impressed that Droom has rapidly established its leadership position as the largest online marketplace to buy and sell automobiles in India. Sandeep is an exceptional and visionary founder and Droom also has solid management team. We and Droom are sharing the same vision, which is bringing trust and transparency to the transactions of automobiles. We believe that this partnership contributes the establishment of highly transparent transaction of automotive the wholesome development of auto market of any developing countries, by combining Droom’s technologically advanced platform and our various automotive business experience of all over the world.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. With over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $700 Mil+ in annualized GMV growing at the rate of 220% Y/Y, 250K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 27.30 Mil+ monthly visitors, nearly 7.4 Mil+ app downloads and 5.5 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 4% of GMV to run marketing and the entire cost of the company is less than 3% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $95 million dollars in six rounds of funding and some of the prominent investors include Lightbox, Beenext, Beenos, Digital Garage, Toyota Tsusho Corporation and Integrated Assets Management. Droom is headquartered in Gurugram, India with a team size of 300+.

About Toyota Tsusho Corporation

Toyota Tsusho Corporation was founded in 1948 as the trading company for the Toyota Group. Today, Toyota Tsusho operates in more than 120 countries with approximately 58,000 Group employees, all striving to contribute to the creation of prosperous societies. Toyota Tsusho continues to expand as a global leader in vehicle exports and automobile production support. The company has seven operating divisions (Metals/ Global Parts & Logistics/ Automotive/ Machinery, Energy & Project/ Chemicals & Electronics/ Food & Consumer Services/ Africa) focused around three business fields. These are the Mobility field, which contributes to future convenient societies, the Resources & Environment field, which ensures sustainable societies, and the Life & Community field, which supports comfortable and healthy lifestyles.

About Digital Garage

Digital Garage (http://www.garage.co.jp/en) is an innovative cutting edge Japanese tech company. For nearly 20 years, it continues to provide new contexts by implementing its three core business globally: Digital Marketing, Start-up Incubation and Internet Payment Business. It has led the internet revolution in Japan by making alliances with top IT companies like Twitter, Betaworks and Wikia then bring their businesses into Japanese market. Digital Garage also runs Open Network Lab (Onlab), one of the most successful startup incubators in Asia.

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Droom’s gross revenue growth is primarily driven by its largest dealer focused platform, growing C2C selling format, adoption of ecosystem services tools and its enterprise business including bulk buying and selling for ride sharing companies. Droom’s four different revenue streams and its ecosystem services tools will help the company achieve its net revenue target. These include its core transactional platform of used and new vehicle transactions, premium subscription charges, advertising and selling of products and Ecosystem services developed in-house, such as its highly popular algorithmic pricing engine Orange Book Value and auto inspection-verification service provider Eco. Moreover, Droom’s Ecosystem service tool Droom credit and its consumer-to-consumer sales will be major contributors to the increased revenue along with business-to-consumer transactions going forward.

Droom is planning an IPO by end of 2019 and a profitability by the end of 2018. The reason behind this optimism is the single digit burn rate of the company. Droom spends less than 4 percent of Gross Merchandise Value (GMV) on marketing and even less than 3 percent on operating cost of the company. So, the company has to just recover less than 3 percent to turn profitable. Unlike other e-commerce platforms, which burn around 12-15 percent on operating cost.

Commenting on the estimated growth figures, Sandeep Aggarwal, Founder & CEO, Droom, said, “it’s been more the 40 months for us being operational and we have marked a tremendous growth of 300% in last year with burn rate at under 3.0% of gross revenue. This year we will be more focused on deepening our presence in first 100 cities in India with our B2C dealers network, C2C selling format, Droom credit, QuickSell (C2B) and Droom Enterprise. Furthermore, along with our ecosystem services generating healthy revenue we are looking forward to a healthy contribution from the recently launched electric vehicle and commercial vehicle ‘Taxi’ categories.”

India’s domestic automobile sector has grown immensely to emerge as the third largest in the world, valued at about $125 billion, with an expected jump of $75 billion by 2020. Droom’s vision is to create, promote and increase the share of the online segment in automobile transactions, which presently is at 1% of the overall figure. Expected to grow until 8% to 10% over the next three to four years, Droom’s strategic decisions are bound to help the organization scale the heights of success and for the sector to boom at large.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $489 Mil+ in annualized GMV growing at the rate of 220% Y/Y, 225K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 21.58 Mil+ monthly visitors, nearly 7 Mil+ app downloads and 5.5 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is headquartered in Gurugram, India with a team size of 270+.

For any media related queries, please contact: -

These pre- owned taxis will be available at a starting price range of INR 1,00,000/-, and upwards. Sellers and buyers can easily obtain the fair prices of these vehicles with the help of OBV and can also order the Droom ECO certified inspection report to get the better idea about the condition of the vehicle. The used taxis can be bought and sold by buyers and sellers Pan-India.

Commenting on the announcement, Sandeep Aggarwal, Founder and CEO, Droom said, “Droom is the largest online automobile platform in India and we endeavor to add every possible automobile related category to provide the widest collection of vehicles as per buyer needs. We received a lot of queries from interested buyers for used taxis, hence we decided to include such vehicles in our list of offerings. Additionally, pre-owned taxis further diversifies our product type and adds a unique dimension to the burgeoning vehicle listings on our platform, thus enabling us to reach out to newer clients and markets.”

Although Droom currently sells such taxis only to individual dealers and sellers through its B2C and C2C operations, it aims to tie up with large taxi aggregators and local taxi vendors in near future. The online platform with its unique ecosystem services tools, quality vehicles and focused marketing efforts has amassed a huge client base over the last few years, and the addition of used taxis is set to further strengthen its stance as India’s premier online marketplace for buying and selling automobiles.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $489 Mil+ in annualized GMV growing at the rate of 220% Y/Y, 225K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 21.58 Mil+ monthly visitors, nearly 7 Mil+ app downloads and 5.5 Mil+ Facebook community. Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is headquartered in Gurugram, India with a team size of 270+.

For any media related queries, please contact: -

The award-winning campaign, developed by Droom’s in-house marketing team in partnership with Contract Advertising, revolves around technology-led innovations introduced by Droom in pre-owned vehicle analysis and evaluation, an area that suffered from plain guesswork to vague assurances by sellers earlier. In fact, a pre-owned car buyer was seldom happy with a transaction as there was no quantitative mechanism to substantiate the pricing and he/she always felt to have landed up with an unfair deal.

The campaign highlighted Droom’s transformation of this scenario and building trust by leveraging its three key ecosystem tools, namely OBV (Orange Book Value), History, and Droom ECO, to accurately evaluate a used vehicle’s true condition, history and fair market value. These analyses are made based on completely scientific and mathematical algorithms as well as massive amounts of relevant historical data. For instance, OBV considers an array of parameters such as make, model, year, kilometers driven etc to give the fair market value of the vehicle in less than 10 seconds. Droom ECO takes this analysis further through physical inspection across more than 121 parameters! Additionally, History provides comprehensive history of used vehicles by utilizing available data of 200 Million out of 220 million vehicles in India.

The ad campaign that highlighted these factors in a creative manner was effective across all the parameters of judgement. On the effectiveness quotient, it was seen that the campaign sharply increased the visitors to the marketplace increased by 67 percent to 90 million for the quarter, while the order volume increased by 33 percent. The marketing campaign was pivotal in making Droom the third-largest e-commerce player in terms of GMV in India, driving the growth of online used vehicle transactions on the platform.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $489 Mil+ in annualized GMV growing at the rate of 220% Y/Y, 225K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 21.58 Mil+ monthly visitors, nearly 7 Mil+ app downloads and 5.5 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is headquartered in Gurugram, India with a team size of 270+.

The West India summit saw active participation of sellers from all the major cities in the region, including Mumbai, Pune, Ahmedabad, Surat, Nagpur and Nashik. The sellers who attended the Seller Summit included those have had a long-term association with Droom spanning 2.5 years as well as some new partners who partnered with Droom more recently. After the successful pilot launch and expansion of Droom’s C2B (Customer to Business) platform in Northern India, Droom also announced its plans to kick start the full-fledged operations of its C2B platform in Western India at the Summit. Droom used this opportunity to recognize its best performing sellers on the marketplace through it’s coveted Star Seller Awards. The accolades were given to sellers across various categories OBV Champion, Most Active Seller, Best Practices, Most Reviewed seller and Star Seller of the Year awards.

Speaking at the event, Rishab Malik, Co-Founder, SVP Business Development, droom.in said, commented, “Droom has the largest seller community in India with 2.15 lac sellers across 500 cities. Our platform has become the largest auto-portal by number of sellers, highest traffic in class and widest reach to over 500 cities in India and with almost 15,000 cr of listed automobiles on the platform. We have always been at the forefront to empower automobile sellers and offer them assistance with respect to technology and service requirements to help them sell more and faster at the most competitive prices. The West India Seller Summit was a huge success where hundreds of auto-dealers attended, some traveling hours from cities like Pune, Ahmedabad, Surat, Nagpur and Nashik.”

Through this event, Droom showcased it’s latest technologies and features for it’s dealers, hosted a seller panel for it’s top dealers in West India and provided a Q&A and opportunity for it’s partners to interact with it’s top management.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $489 Mil+ in annualized GMV growing at the rate of 220% Y/Y, 225K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 21.58 Mil+ monthly visitors, nearly 7 Mil+ app downloads and 5.5 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is headquartered in Gurugram, India with a team size of 270+.

For any media related queries, please contact: -

Bajaj Pulsar, Hero Passion Pro and Bajaj Discover emerged as the top performing bikes, while Harley Davidson, Suzuki Hayabusa and Kawasaki Ninja ruled the roost when it came to super bikes. Maruti Suzuki Swift, Maruti Suzuki Swift Dzire and Honda City were preferred by car buyers.

The average age of bikes sold on Droom was 63 months, for scooters it was 57 months and 37 months in case of super-bikes. Cars with an average age of 71 months fared the best on the platform, while luxury and super cars had an average age of 64 months. The average selling price for bike was Rs. 42,039; for scooters was Rs. 32,166. The average selling price for cars was Rs. 5,44,478.

In terms of looks, Droom’s users preferred the colors of black, red and blue for their motorbikes, while white, black and grey scooters were sold the most. In case of cars, the top preferred colors were white, silver and grey.

Commenting on the findings of the report, Mr.Sandeep Aggarwal, Founder and CEO, Droom said, “We have witnessed a considerable increase in the percentage market share of cars and bikes transactions moving online and this is a clear indicator of the increased spending power and online adoption of the Indian consumers. At US $180 billion annually, India is the 3rd largest automobile market in the world and only 0.6% is online penetrated. We believe India will surpass US$300bn in total market size annually by 2022 and nearly 6% to 7% of this market can be enabled by online platforms.”

‘Make in India’ has begun to see accreditation amongst Indian consumers with Indian origin cars and bikes being the preferred choice for customers on Droom. Manual transmission continued to be the preference for Indian buyers, both in case of 2-wheelers and 4-wheelers. Mumbai, Hyderabad, Jaipur, Ghaziabad and Gurgaon were the top 5 emerging cities for 4-wheelers.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd or 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $647 Mil+ in annualized GMV growing at the rate of 220% Y/Y, 194K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 31.2 Mil+ monthly visitors, nearly 6.5 Mil+ app downloads and 5.5 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is headquartered in Gurugram, India with a team size of 270+.

The celebration, which was hosted from 11 am to 3 pm, was attended by a large number of students and educators from the Umeed Foundation. Interesting games like racing, puzzles, collecting balls, etc. were held at the event. The members of the Droom team and the kids from Umeed Foundation together participated in all the contests. Post the activity session, numerous gifts such as puzzle games, sound and light toys, dolls and soft toys, pencil boxes, creative games etc. were distributed to the kids who were between the age group of 8 years to 25 years. Sandeep Aggarwal Foundation, supported by Droom, organized a special lunch fiesta for the children and the educators. A range of stationary items including pens, sketch pens, pencils, drawing books, chart papers, etc. were donated to the foundation.

Commenting on the initiative, Mr. Sandeep Aggarwal, Founder and CEO, Droom, and said, “Christmas and the holiday season is all about spreading love and sharing with one another. I am sure that each and every kid in this world eagerly waits for Santa to come and surprise them with gifts. We believe our small step must have brought smiles on the faces of these very talented and enthusiastic children of the Umeed Foundation. We hope that it was a fun-filled and memorable afternoon for the children. I am thankful to Umeed Foundation for giving us the opportunity to spend time with the children and spread joy this holiday season. Sandeep Aggarwal Foundation and Droom will continue to focus on touching more lives in the new year."

About Sandeep Aggarwal Foundation

The Sandeep Aggarwal Foundation is committed towards the welfare of underprivileged children and women. Its vision is to empower and unleash the true potential of every individual. The foundation has conducted several activities supporting differently-abled children and underprivileged women since the last year and aims to continue its efforts of offering them a livelihood and quality of life they rightfully deserve.

About Umeed Foundation

Umeed, established in July 2011 is a registered society that provide services for children and young adults with developmental difficulties. This foundation provides quality intervention for the children while also promoting increased societal awareness and sensitivity towards their needs. The founder of Umeed is herself a mother of a young child with autism and this was the motivating source towards starting of Umeed as she found it very difficult to find services under one roof that would cater to the needs of her child. Thus in order to fulfill this aspiration has brought together a great team of educators, speech therapists, occupational therapists, behaviour therapists etc under one roof so that Umeed is able to cater to all deviant needs of our children as well as catering to multiple disabilities like Autism, Mental Retardation, Cerebral Palsy, Learning Disability etc.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic. Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction.

The price range of electric scooters is from Rs. 20,000 to Rs. 42,400. The electric cars are priced in the range of Rs. 8 lacs to Rs. 13 lacs. The launch of this category is in line with the Indian government’s focus on electric vehicles, keeping in mind their environmental benefits, contribution in reducing the economy’s spends and their long-term cost effectiveness. This category will enable Droom to further strengthen its leadership position in the online automobile marketplace industry in India. The company has started selling electric scooters and cars from multiple brands on its platform and as a launch promotion, Droom will be offering 100% cashback on the booking amount for all new bookings of electric vehicles.

Commenting on the announcement, .Mr. Sandeep Aggarwal, Founder and CEO, Droom said, “The automobile industry in India is on the throes of disruption with the focus on electric vehicles and the increased use of artificial intelligence. The Indian government has announced that it wants only electric vehicles to ply on Indian roads by the year 2030. At Droom, our vision is to be the transaction platform for everything on motor and wheels and make their transactions easy, quick and trustworthy. We are already the market leader with 65% market share in the online automobile industry and are confident that the electric vehicle category will enable us to scale newer heights and further strengthen our market share, in the future.”

The Indian government has been working tirelessly to bring in the right infrastructure for electric vehicles. It has also rolled out favorable schemes like 12% GST on electric vehicles, in comparison to 28% on petrol and diesel vehicles. Government has also launched a FAME Scheme (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles), a program of incentives offered to EV buyers to help improve adoption and sales.

About Droom:

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd or 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $647 Mil+ in annualized GMV growing at the rate of 220% Y/Y, 194K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 31.2 Mil+ monthly visitors, nearly 6.5 Mil+ app downloads and 5.5 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is head quartered in Gurugram, India with a team size of 270+.

Droom’s ‘OBV for Mobile’ feature analyses mobile phones based on their make, model, age, condition, and accessories, besides many other factors, to come up with a fair, unbiased, and independent market value for a used phone. OBV for Mobile works on artificial intelligence engine and has created India’s largest database of used mobile phones to give the user a valuation report.

About 2 years ago, Droom had launched Orange Book Value (OBV), India’s first and only artificial intelligence based pricing engine that provide the fair market value of any used vehicle under 10 seconds for free. This product has gained huge traction and has delivered over 160 million pricing queries so far with over 10 million people trying OBV each month, either via its website or mobile app. With OBV for Mobile, Droom is expanding its ecosystem services tools beyond automobile to other lucrative secondary markets such as smartphones.

Speaking on the announcement, Mr. Sandeep Aggarwal, Founder & CEO, Droom, said, “India is the world’s second largest smartphone market and will have over 500 million smartphones by end of 2018. At the time when smartphone adoption is growing very rapidly, the average duration of ownership is coming down equally rapidly. So, if you want to find out the right price of your used mobile phone and sell it for some extra cash or are considering exchanging it for a new model, Droom’s OBV for Mobile can give you fair market value under 10 seconds for free. OBV for Mobile will extend the technical merits of our proprietary Orange Book Value platform, which has proven track record of accurately identifying market value for products as complex as automobiles, to pre-owned mobiles. We are confident that this new offering by Droom will help both sellers and buyers, and will emerge as a game changer for buying and selling used mobile phones in the country.”

To gauge the Fair Market Value for a phone, users can log on to www.orangebookvalue.com and select ‘OBV for Mobile’ on the input panel. They can then add the make, model, and age of the phone and select its condition using the Condition Meter to generate the approximate price range for that device. The prices can be refined further to more accurately reflect the phone’s actual market value by selecting available accessories and the working condition of individual components, such as camera, display, Wi-Fi, etc. OBV for Mobile comes with another Artificial Intelligence technology to evaluate the price of the used mobile phone by itself. This feature is known as "Self-Diagnostic Test". In this case, the seller or buyer can run this test on the smartphone he/she wants to sell/buy. The test runs through all the technical components of the smartphone such as speakers, mic, Screen, camera, power and volume buttons etc. Based on this self-diagnostic test, 'OBV for mobile' provides a fair market value of the smartphone. Droom has added a dedicated section for used mobile pricing on the OBV iOS and Android apps, in addition, it allows app users to download the Free Pricing Report on their smartphones.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India, but also the 3rd or 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $647 Mil+ in annualized GMV growing at the rate of 220% Y/Y, 194K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 31.2 Mil+ monthly visitors, nearly 6.5 Mil+ app downloads and 5.5 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is head quartered in Gurugram, India with a team size of 270+.

By collating and presenting in-depth and comprehensive data about various aspects pertaining to various two-wheeler and four-wheeler vehicles, Droom Discovery plugs the information gap and helps prospective vehicle buyers make smartest buying decisions. All relevant information can be accessed by users with just a few clicks to conduct a thorough research on their favourite vehicles. This convenient accessibility to all the key data helps buyers at all stages of vehicle purchase.

Speaking on the latest product, Sandeep Aggarwal, Founder & CEO, Droom, said, “Innovation and customer-centrism are at the core of all Droom's existence and with those in mind we have built entire automobile ecosystem tools and services in India. The entire idea is to make the process of buying, selling, and discovering vehicles simpler, more convenient, and hassle-free for the end-user. This is why we have launched Droom Discovery, a one-stop platform which will make vehicle discovery and comparison almost effortless for Indian buyers. Through Droom Discovery, we are empowering our costumer with Independent, comprehensive, data driven and free information to aid them in making the smartest buying decisions. At Droom we feel very passionate about bringing trust, increasing transparency, standardizing pricing, offering convenience and building great selection for automobile buyers and Droom Discovery is yet another service from Droom in that direction."

Droom Discovery offers more than two dozen tools to users under three categories of tools – Product, Category, and Industry. It provides information about the current price (ex-showroom and on road, for various cities), total cost of ownership, performance, fuel efficiency, etc. It additionally helps in pricing research and displays ratings, reviews, and photo/videos of particular vehicle makes. Droom Discovery also lets users compare two or more vehicles side-by-side for features, prices, and specifications through the Vehicle Compare feature, and helps them in their budgeting assessments with EMI and Affordability Calculators. Moreover, it provides smart recommendations for buying used/new vehicles from Droom to match the specific requirements of every buyer.

What’s more, Droom Discovery provides category-wise news and updates on the latest developments from the auto industry, as well as tips for vehicle maintenance, emergencies, DIY servicing for basic components etc. Other important information, such as the location of driving schools in a user’s vicinity and glossary of commonly used automotive terms, is also available for users to access, making Droom Discovery the perfect vehicle buying assistant for all vehicle buyers!

To learn more about Droom Discovery, visit: www.droomdiscovery.com

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India but also the 3rd or 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $626 Mil+ in annualized GMV growing at the rate of 350% Y/Y, 185K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 31.2 Mil+ monthly visitors, nearly 6.3 Mil+ app downloads and 5.4 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is head quartered in Gurgram, India with a team size of 270+.

With a massive presence spanning 500+ cities, Droom has emerged as the default alternative for buyers and sellers across India interested in used as well as new automobile transactions. It has achieved an annualized GMV of 3,756 crores with a monthly traffic of 31.2 Mil+ visitors. It has also registered a stunning growth rate of 225% Y-o-Y, and aims to achieve a GMV of 7500 crores and full profitability by 2018.

Commenting on Droom’s streak of success, Sandeep Aggarwal, Founder and CEO, Droom said, “From being 5th in the list of the largest e-commerce companies in India last year, Droom’s rapid growth to becoming the third shows the tremendous popularity it continues to gain amongst users. The achievement becomes all the more special as Droom is a core automobile oriented portal, thereby restricting its user base. Our advanced algorithms, never heard before ecosystem services tools and a strong backend team are the main reasons behind our continued success. Going forward, we want to keep increasing transparency and best pricing as the driving forces behind our future operations to achieve further success.”

Droom’s achievements have been achieved without compromising on the needs of any of the stakeholders, which makes it all the more remarkable. Due to the unique ecosystem services tools based on pure algorithm and science and unbiased, the prices arrived at are equivocally agreed upon by buyers and sellers. With an aggressive marketing strategy and continued research to develop more precise and unique services tools, Droom hopes to bag that elusive #1 e-commerce organization spot soon.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India but also the 3rd or 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $626 Mil+ in annualized GMV growing at the rate of 350% Y/Y, 185K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 31.2 Mil+ monthly visitors, nearly 6.3 Mil+ app downloads and 5.4 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is head quartered in Gurgram, India with a team size of 270+.

The 9-day long sale will feature two top selling car, scooter, or bike models each day and customers purchasing these models can avail the exciting discounts upto Rs. 45000. Over and above this, Droom will also offer unbelievable cashbacks on the purchase of new vehicles. Customers purchasing new vehicles through Paytm wallets on the platform between September 20th and October 31st can avail exciting cashback of Rs. 10,000 on a new car and superbike purchase and Rs. 4,000 on a new motorcycle and scooter Purchase.

Commenting on the sale, Sandeep Aggarwal, Founder and CEO, Droom said, “A lot of people plan to buy vehicles during the festive season, and there’s nothing like owning a new car or two-wheeler to make a festival even more joyful. With the Grand Navratri Sale, we are promoting our new vehicle category with some of the top brands in both the four-wheeler and two-wheeler categories. Moreover, customers buying vehicles through Droom can avail some of the attractive discounts or cashback offers to ensure they get the most value out of their vehicle purchase during Navratri.”

Offers on top models for the Grand Navratri Sale across the nine days are as follows:

1. 21st September: Bajaj Pulsar & Hyundai i10
2. 22nd September: TVS Jupiter & Toyota Fortuner
3. 23rd September: TVS Apache RTR & Hyundai Verna
4. 24th September: Honda Aviator & Maruti Swift Dzire
5. 25th September: Suzuki Access & Toyota Innova
6. 26th September: Yamaha FZs & BMW 3 series
7. 27th September: Hero Splendor & Mahindra Scorpio
8. 28th September: Honda Activa & Maruti Swift
9. 29th September: Royal Enfield Classic & Mercedes C-Class

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India but also the 3rd or 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $626 Mil+ in annualized GMV growing at the rate of 350% Y/Y, 185K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 31.2 Mil+ monthly visitors, nearly 6.3 Mil+ app downloads and 5.4 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is head quartered in Gurgram, India with a team size of 270+.

The foot-tapping music, featuring super cool animation graphics, explains Droom’s ecosystem tools in a highly engaging way. Since childhood Bittuji dreams of owning a Beemer, and puts in a lot of effort to achieve the same. Until reality, in the form of overpriced, models strikes. This is where Droom enters, and helps him out with its various ecosystem services tools such as OBV, ECO, History and Droom Credit to buy his dream car. With this campaign Droom plans to highlight its various ecosystem services, and make people understand the role of each tool in facilitating the best deal for the user. The campaign performs this job brilliantly, drawing the user to Droom’s stellar ecosystem in an engaging narrative interspersed with dollops of humour.

Commenting on the campaign, Sandeep Aggarwal, Founder and CEO, Droom said, “Droom’s ecosystem services tools have been gathering a massive response from users and we feel it’s time for us to market these services to mass audience and make them aware about these unbeatable ecosystem services tools. Droom’s services have been a revelation in the automobile transaction domain and have enabled thousands of users to own their dream vehicle at a price that brings a big smile on their faces. Bittuji for us is our quintessential user, and like in the campaign, through Droom’s ecosystem services, we want to ensure that every user gets the key to their dream wheels.”

The campaign was created by the Delhi branch of Contract Advertising. Elaborating on the vision of the campaign, Mayur Hola, EVP and Executive Creative Director, Contract Delhi, said, “The purpose of this project is to demonstrate the various ecosystem services Droom offers to buyers and sellers of second hand vehicles. We have positioned Droom as an enabler of automobile dreams. It could be a car that you saw in a movie when you were all of 8 years old or your first bike or a second car for your daughter to go to work in… Droom via its services makes all of this a breeze. So Bittuji the dreamer was born for this ‘demo exercise’. We are really proud of the end product which is super entertaining and indeed demonstrates the services of Droom perfectly.”

Droom has emerged as a revelation in the way vehicles are bought and sold online. With its scientific algorithms and an innovative approach, Droom has become an online phenomenon that has been appreciated by both buyers and sellers. The campaign video reflects this innovative approach with a new and unique way of representing Droom’s services through super catchy music, great narrative and top-notch animation, a track that will surely resound with the audiences. Here is the link:- https://youtu.be/kS5Jzui7WJc

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India but also the 3rd or 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $626 Mil+ in annualized GMV growing at the rate of 350% Y/Y, 185K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 31.2 Mil+ monthly visitors, nearly 6.3 Mil+ app downloads and 5.4 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in five rounds of funding. Droom is head quartered in Gurgram, India with a team size of 275+.

The number of digital buyers in the Asia Pacific region is expected to cross the one billion mark by 2018, and India is going to be a major contributor to it. From the total internet users in India, almost 70.7% are predicted to have made online purchases by 2018-19. With retail e-commerce projected to grow from around USD 16 billion in 2016 to USD 100 billion in 2021, events such as the Droom e-Commerce day prove to be extremely beneficial for those considering a career in the high growth online commerce landscape.

Commenting on the event, Sandeep Aggarwal said, “The agenda of the e-commerce day in our minds was to facilitate the future entrepreneurial generation by sharing our story, journey, mistakes and learnings with them. The idea is to help them on their own path to glory. The younger generation can bring a revolution with their confidence, risk taking abilities and their innovative ideas. The onus is on the ones who have experience to give wings to their dreams and fuel the fire within them.”

The e-commerce industry is likely to generate 2.5 lakh jobs in online retail during FY 16-17. Thus, it was the best opportunity for aspiring entrepreneurs as well as students from prestigious institutions such as IIFT, MDI, SIBM, IIM, XLRI and many more to get a first-hand view of the environment at one of India’s most successful start-ups and get all the inside scoop on building a successful e-commerce business.

About Droom

Droom is India’s first and only marketplace for buying and selling new and used automobiles. The platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has built also the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

Droom is not only the largest online automobile platform in India but also the 5th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic. It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history), Discovery (dozens of pre-buying tools) and Credit (India’s first and only loan marketplace for used vehicles).

Droom is currently doing $408 mil in annualized GMV growing at the rate of 350% Y/Y, 109k auto dealers (largest auto dealers platform in India), presence in 500 cities across India (largest hyper local marketplace), 14.5 mil+ monthly visitors, nearly 5 mil app downloads and 4.2mil Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $65 million dollars in four rounds of funding. Droom is head quartered in Gurgaon, India with a team size of 260+.

The round of funding is the fifth in Droom’s history and positions the platform to further disrupt the online automobile space in India. With the fresh infusion of funds, Droom has raised closed to $65 million so far, a figure which will enable it to further fortify its market domination. The newly-raised capital will be leveraged to consistently build on its tech platform and drive greater adoption of its ecosystem tools such as History, ECO, OBV and Credit.

Speaking on this round of funding, Droom Founder and CEO, Sandeep Aggarwal said, “Droom is the largest auto portal in India in terms of gross revenue, monthly traffic and number of auto dealers. We are also the largest auto vertical and the largest hyperlocal marketplace in e-commerce. Leaving the category behind, we have established ourselves amongst the top 4 e-commerce platforms in India. Series C rounds typically accelerate the pace of growth for a business and help it establish its undisputed leadership in its sector and that’s exactly the case with us. This fresh capital infusion into our war chest will once and for all give us an unchallenged competitive edge, not just in the online automobile space but in the e-commerce landscape at large.”

Speaking on the occasion, Jeffrey Yam, Integrated Asset Management said, “India is the next China as far as consumer internet is concerned. We are really impressed by Droom's ability to drive innovation, create scalable technology platforms, and capture the growth of the Indian automobile industry. Droom creates value for the industry by directly addressing and solving common pain points experienced by buyers and sellers.”

Siddharth Talwar, Co-founder & Partner, Lightbox, an existing investor with Droom, affirmed that Droom is both a market leader and true innovator, revolutionising the way that people buy used vehicles in India. The Company's focus on building core technology products to support its marketplace from its pricing engine Orange Book Value to History to ECO and now Credit, enables them to provide tremendous transparency to consumers throughout the country -which can never be duplicated by traditional dealers. We look forward to being a part of the company’s continued success.

About Droom

Droom is India’s first and only online marketplace for buying and selling new and used automobiles. At over 65% of the automobile transactions market share online, Droom is the largest auto portal in India. Droom is not only the largest online automobile platform in India but also the 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic.

Droom platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has also built the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history records), Discovery (dozens of pre-buying tools) and Credit (India’s first and only marketplace for used vehicles loans).

Droom is currently doing $554 Mil+ in annualized GMV growing at the rate of 350% Y/Y, 159K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 24 Mil+ monthly visitors, nearly 5.8 Mil+ app downloads and 5 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $45 million dollars in four rounds of funding. Droom is head quartered in Gurgaon, India with a team size of 260+.

About Integrated Asset Management (Asia) Limited

Integrated Asset Management (Asia) Limited is a Hong Kong-based private investment office that principally invests across the capital structure, with investments ranging from private debt, buyouts, venture capital, listed securities and real estate.

About Lightbox

Lightbox is a consumer-focused venture capital firm based in Mumbai.  The firm has invested in consumer businesses across vertically integrated brands, marketplaces and subscription models and include investments in solartech and edtech. Lightbox portfolio companies include Furlenco, Faasos and Embibe. For more information, visit www.lightbox.vc

The large budget of Rs 225 crore, out of which Rs 100 crore has been assigned to the TVCs, was allocated to carry out all-encompassing efforts spreading awareness in the entire country regarding the numerous benefits of online automobile transactions and Droom’s central role in the same. By introducing OBV (for used vehicle pricing, Eco (for auto inspection), History (for used vehicle auto reports), and Droom Credit (instant auto loan for used vehicles), Droom has established itself as an end-to-end services provider and a leader of the automobile services ecosystem in India. From building trust to transparency to algorithm based pricing estimates to world-class auto inspection, Droom provides user with varied tools to ensure the buying/selling experience of automobiles becomes a breeze.

In last 30 months, Droom, has emerged as the largest auto portal, largest vertical Ecommerce company, the largest hyperlocal marketplace, and the 3rd or 4th largest e-commerce company independent of any category and an increase of marketing spend from Rs 100 crore last year to 225 crores in next 13 months corresponds to the rapid growth it recorded this year. Deol has established its presence in 510 cities and 1,50,000 auto dealers.

Commenting on the landmark budget, Sandeep Aggarwal, Founder and CEO Droom said, “We haven’t spent majority of amount we raised in June 2016 in our last round so essentially we increased our marketing budget to Rs 225 crore as we wanted to further fuel the adoption of not only the Droom the marketplace platform but also our ecosystem services tools such as OBV and Eco etc. and take them to mass market. At Droom we have built the entire ecosystem for used automobile buying and selling ground up and with performance based marketing program and data driven approach, we want to now make Droom a household name in India. We run the most efficient marketing programs for any Ecommerce company in India and we plan to achieve very high ROI on this spend".

Having realized Droom’s fast growing popularity, Droom felt a strong and comprehensive marketing campaign. Apart from the three TVCs, the campaign will also feature extensive print, BTL, OOH, digital and online video campaigns to offer a 360-degree experience and achieve nationwide brand recognition. Out of this budget Droom is also allocating Rs. 25 crores in CSR related campaigns on road safety, pollution, driving rules and used vehicle buyer’s rights.

About Droom

Droom is India’s first and only marketplace for buying and selling new and used automobiles. The platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has built also the de-facto pricing standard for used vehicles in India – OBV, which has a US patent.  Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

Droom is not only the largest online automobile platform in India but also the 4th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic. It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history), Discovery (dozens of pre-buying tools) and Credit (India’s first and only loan marketplace for used vehicles).

Droom is currently doing $510 mil in annualized GMV growing at the rate of 350% Y/Y, 150k auto dealers (largest auto dealers platform in India), presence in 500+ cities across India (largest hyper local marketplace), 20 mil+ monthly visitors, nearly 5.6 Mil+ app downloads and 4.75 Mil+ Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn.  Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016.  Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $45 million dollars in four rounds of funding.  Droom is head quartered in Gurgaon, India with a team size of 250+.

Droom’s operations and strategy team is always on the lookout for ways to improve existing client interactions. Through this process of evaluating thousands of transactions, the team members observed that some sellers, particularly first-timers who were not themselves very tech-savvy, had a hard time selling their vehicle on an online marketplace. This is where Droom’s Assisted Selling comes in. Any seller interested in selling her/his vehicle(s) on Droom can avail the services of the automobile experts for an easy and hassle free selling experience. The service has further been segregated into three packages-

1. Silver Package: A combo package of premium Eco Inspection report and Premium Orange Book Value report at Rs. 599. This package gives price benchmarking report and vehicle health report.
2. Gold Package: Benefits of Silver Package + Listing creation assistance and selling assistance for a period of one month at Rs. 999. Besides, the price benchmarking report and vehicle health report, this package offers listing assistance by an auto expert.
3. Platinum Package: Benefits of Silver Package + Listing creation assistance and selling assistance for a period of two months at Rs. 1299. Besides, all the benefits of Gold Package, Platinum offers longer period of assisted selling.

Commenting on the offering, Sandeep Aggarwal, Founder and CEO, Droom said, “We at Droom always aim to make our customers’ experiences as seamless and hassle free as possible. But, we felt that while buyers were able to get all the benefits of our commitment to service excellence, the other significant stakeholder group, i.e. the individual sellers, was in need of more customized assistance. Not every seller is an automobile dealer or an encyclopedia on vehicles and these individual sellers required assistance in creating listing, thinking about right pricing, making their listing more attractive by offering inspection and vehicle history. We believe that Droom Assist-Selling Concierge Services will empower the sellers and make the selling easy, fun and hasslefree.”

All the three packages on offer will include a specifically assigned automobile expert who will assist the seller in various processes such as scheduling the inspection, coordinating delivery of inspection reports to prospective buyers etc. In the gold and platinum packages, the experts will also assist sellers in creating an attractive listing on Droom’s platform and in selling the vehicle for a period of one month and two months respectively.

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 136k+ B2C sellers, 26.8k+ products, 142k+ listings, 7,130 cr.+ in listed GMV, 4.46 Mil+ FB Community members (highest for any automobile community in India) and over 5.3Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 275+ and is funded by some of the leading global venture investors.

Commenting on the meet, Rishab Malik, Co-Founder & Vice President, Business Development, Droom said, “Hyderabad has always been a strategically important market for us and one of the fastest growing ones as well. We expect its contribution to our business to hit 12-15% by the end of 2017 and that’s why we are always on the lookout to facilitate the dealer and seller community and create an ecosystem which will help our businesses to grow hand-in-hand. For instance, this time we have introduced referral schemes through which dealers can refer others as well. We have also introduced a 3-month, free premium subscription trial so that first-time sellers can understand and then easily use Droom’s technology platform and tools without any hassle.”

Dealers and buyers are the major stakeholders in pre-owned car operations and such events by Droom are important to remain constantly engaged with them. Through such events, Droom’s latest features and its host of other benefits can be easily highlighted to the dealers and sellers in order to expand the market base further by calling out to new partners in Droom’s success story.

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 136k+ B2C sellers, 26.8k+ products, 142k+ listings, 7,130 cr.+ in listed GMV, 4.46 Mil+ FB Community members (highest for any automobile community in India) and over 5.3Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 275+ and is funded by some of the leading global venture investors.

Sandeep Aggarwal, who is known to be among the most prolific investors and entrepreneurs in the Indian e-commerce and entrepreneurial environment, is often considered a maverick when it comes to taking tough decisions, showing resilience and building scalable businesses. Once a globally top ranked Wall Street Internet analyst out of Silicon Valley, Sandeep gave up his comfortable job and a luxurious lifestyle to give fire to his entrepreneurial dreams and create India’s first managed marketplace-ShopClues-in 2011. Since then, in his various roles as an angel investor or mentor, he has always strived to extend a helping hand to entrepreneurs with great ideas, ‘grit in their teeth and fire in their belly.’ MTV Dropout is another such venture which aims to finds out India’s next prolific business ideas through the concept of a reality show.

Call for entries from applicants across the country has started. The auditions for the show will be held in Mumbai in the month of May to select the final candidates who will then be divided into teams and judged on the parameters of Drive, Strength of Idea, Planning and Attitude.

Commenting on the show, Sandeep Aggarwal, Founder – ShopClues & Droom said, “I have always been extremely grateful to the entrepreneurs, innovators and my guides who helped me out in various capacities when I dropping out from normal life to become entrepreneur first time. During the show, I would try to pass on the trust and the good faith that was bestowed on me and provide whatever experience I have gained into enriching the decisions of the participants to fulfill their dreams. The show has been structured in such a way that it tests all the skills of the participants required to emerge as prospective entrepreneurs and business leaders. From food trucks to corporate events, the participants would need to show their all-round skills, resilience and tenacity apart from continuously working on their individual business ideas. I wish them all the best and look forward to see some great business ideas and interactions on the show soon!”

MTV Dropout will expand the narrow and negative connotation of the word ‘dropout’ to refer to people who have not accepted the pressures of the system but succeeded by pursuing an alternate, non-conventional idea with belief and pride. It invites entries from prospective entrepreneurs as well as ideas rejected in the VC stage to test their mettle in front of the experienced panel of mentors.

Droom MTV Dropout will consist a series of episodes and the teams in the final will present to globally-renowned industrialists, investors and iconic economic personalities such as Ratan Tata, Anand Mahindra, Raghuram Rajan, Ronnie Screwala, Anil Ambani and Azim Premji. These stalwarts will select the one winning team that has the potential to revolutionize the business exosphere of India and further helm its start-up journey to a world of endless possibilities!

About Droom

Droom is India’s first and only marketplace for buying and selling new and used automobiles. The platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has built also the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

Droom is not only the largest online automobile platform in India but also the 5th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic. It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history), Discovery (dozens of pre-buying tools) and Credit (India’s first and only loan marketplace for used vehicles).

Droom is currently doing $408 mil in annualized GMV growing at the rate of 350% Y/Y, 109k auto dealers (largest auto dealers platform in India), presence in 500 cities across India (largest hyper local marketplace), 14.5 mil+ monthly visitors, nearly 5 mil app downloads and 4.2mil Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $45 million dollars in four rounds of funding. Droom is head quartered in Gurgaon, India with a team size of 200+.

In its part, Droom holds the distinguished honor of being the harbinger of a dedicated online automobile transaction platform concept in India, and a creator of various game-changing revolutionary digital technologies such as the Orange Book Value or OBV, a unique algorithmic pricing engine used to estimate a fair market value of used vehicles and History, India's first national repository for used vehicles with vital information such as registration certificate details and ownership history etc.

Commenting on Droom’s sustained impressive performance, Sandeep Aggarwal, Founder and CEO, Droom said, “we are super excited to receive such an over whelming response from both buyers and sellers for used automobiles in India. Buying and selling used automobiles India has been full of pain points, frictions and hassles. In nearly last 3 years, Droom has not only built India’s most advanced marketplace but also built the entire ecosystem around used automobile with Orange Book Value, Eco, and History. Many of these ecosystem services tools are becoming industry standards and helping in trust building, higher transparency and benchmarking around pricing. We will continue to invest very heavily on technology and data science and keep on driving innovation and make India as one of the best countries to buy and sell used automobiles.”

Droom has reported 17 times faster growth. Its dedicated focus towards enriching its platform with the latest features and customer-service centric modifications make it extremely popular with users. This popularity and the tendency to remain on top of existing technology contributes significantly to the sustained trust enjoyed by Droom from its investors, which reflects in it receiving funding of $45 million during the last 2 years.

One of the most striking aspects of Droom’s popularity has been the trust it enjoys with sellers, who feel completely at ease to list their vehicles on Droom. This has been achieved by keeping price formulation methods transparent and implementing fair and impeccable algorithm techniques during OBV valuation, which sellers completely agree with and trust. With continued support, Droom hopes to bag that elusive #1 e-commerce organization spot soon.

About Droom

Droom is India’s first and only marketplace for buying and selling new and used automobiles. The platform has four marketplace formats i.e. B2C, C2C, C2B and B2B, and three pricing formats - Fixed Price, Best Offer and Auction. The platform offers wide range of categories from bicycle to plane and all automobile services such as warranty, RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has built also the de-facto pricing standard for used vehicles in India – OBV, which has a US patent. Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

Droom is not only the largest online automobile platform in India but also the 5th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic. It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection), History (200 mil vehicle history), Discovery (dozens of pre-buying tools) and Credit (India’s first and only loan marketplace for used vehicles). Droom is currently doing $408 mil in annualized GMV growing at the rate of 350% Y/Y, 109k auto dealers (largest auto dealers platform in India), presence in 500 cities across India (largest hyper local marketplace), 14.5 mil+ monthly visitors, nearly 5 mil app downloads and 4.2mil Facebook community.

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% of GMV to run marketing and the entire cost of the company is less than 4% of GMV in terms of the net burn. Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India.

Droom is founded by Sandeep Aggarwal, who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016. Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $45 million dollars in four rounds of funding. Droom is head quartered in Gurgaon, India with a team size of 200+.

The app has every information about Droom, including prevalent vacancies within the company, so that interested candidates can apply directly. The application provides great utility in terms of portraying Droom's culture and core values, specifically to interview candidates at Droom or at campuses.

Speaking on the same, Sandeep Aggarwal, Founder and CEO, Droom, commented, “We are currently looking at hiring in big numbers. The HR app aims to provide more content to candidates sitting at Droom office while they have come to give an interview. It is a major move towards creating a paperless office. The added features are a bonus that will inform existing and potential candidates with every information that they need. We, as a company are growing at a blitzkrieg rate and this new initiative is a logical and strategic move in that direction.”

Commenting on the features of this new app, Babita Vaishnawa, Senior Director – Human Resources, Droom, “We have introduced many interesting features and updates to engage and immerse individuals visiting our HR app, including those who are looking to join our team or passive visitors, just seeking information. This app will streamline all HR processes conveniently and smoothly.”

Here’s how it works?

• Fire up the Uber app during the campaign period and send a request for ‘Superbikes.’
• If the request gets accepted, an Uber MOTO will arrive at your doorstep and take you to the superbike station at Qutub Plaza.
• There, glorious and legendary superbikes will be waiting for you, along with a rider, to take you on a 3km, 15 minute rip-roaring ride!
• Post the ride, the Uber MOTO will drop you back to the drop location as per your wish. All this for an exuberant price of Rs 0!

Commenting on the campaign, Rishab Malik, Co-Founder and VP - Business Development, Droom, said, “At Droom, our goal is singular: to offer customers the ride of their dreams in as convenient a manner as possible. We wish to popularize the concept of superbiking with the #LoveSuperbikes campaign and who better to partner with than Uber. Previously, Droom and Uber have brought supercars and choppers on demand and we’re certain that this one will provide an equally robust adrenaline rush to superbike lovers.”

Uber spokesperson Prabhjeet Singh, General Manager, North India, UBER said, “This campaign has been initiated to enhance the spotlight on uber MOTO fleet of two-wheelers for travel, which is a blessing specifically for people who frequently experience the monstrous traffic jams in Gurgaon and other areas in Delhi-NCR. With a MOTO, you can zip through the busy streets of Gurgaon or the narrow lanes of old Delhi and reach your destination in no time. We are excited to collaborate with Droom on this campaign and bring to our riders world class superbikes in pristine condition that promise an experience that’s hard to match. We are certain that while experiencing super bikes, our riders will be able to find more reasons to use MOTO and see the benefits of bikesharing for the city.”

There are certain guidelines, however that users are expected to follow. There will be only 1 ride per request with a specific duration of 15 minutes. The superbikes will not be, at any stage, given to the users to drive. Only 1 rider can ride pillion and he/she should be wearing laced shoes and no sandals, floaters or chappals. All users going to ride will have to sign on a waiver form before taking the ride. Lastly, although it is not compulsory, full length denim jeans and a jacket is recommended for users.

About Droom

Droom is India’s first and only marketplace for buying and selling new and used automobiles. The platform has four marketplace formats i.e. B2C, C2C, C2B and B2B offering pricing formats into three categories - Fixed Price, Best Offer and Auction. The platform offers from wide range if categories from bicycle to and automobile services such as warranty,  RSA, insurance and auto loan. Droom uses data science to build trust at scale with a US Patent technology called Full Circle Trust Score. Droom has built the defacto pricing standard for used vehicles in India – OBV, which has a US patent.  Droom has built the entire ecosystem for India so that the transaction for used automobiles can take place with least degree of information asymmetry and morale hazard.

Droom is not only the largest online automobile platform in India but also the 5th largest E-commerce company in India in terms of GMV. The automobile platform is category, seller, price, condition, and geography agnostic. It has built tech and data science heavy tools to create the entire ecosystem around used automobiles, including OBV (pricing engine), Eco (121 points vehicle inspection),  History (200 mil vehicle history), Discovery (to do pre-buying tools) and Credit (India’s #39 first and only loan marketplace for used vehicles). Droom is currently doing $275 mil in annualized GMV growing at the rate of 350% Y/Y,  103k auto dealers (largest auto dealers platform in India), presence in 428 cities across India (largest hyper local marketplace), 11mil+ monthly visitors, nearly 5 mil app downloads and 3.8mil Facebook community.  

Droom has the best unit economics as compared to any other E-commerce platform in India. The company spends less than 5% and 4% of GMV to run marketing and the entire cost of the company respectively in terms of the net burn.  Droom is the only E-commerce platform which has successfully built the cost advantage and sophistication of the tech platforms with the strong data science layer, nobody else has been able to do it in India. 

Droom is founded by Sandeep Aggarwal,  who previously founded ShopClues at his house in California in Oct 2010, which became 5th Unicorn in India by January 2016.  Droom is a Singapore Holding Company with its subsidiary in India and United States. Droom has so far raised close to $45 million dollars in four rounds of funding.  Droom is head quartered in Gurgaon, India with a team size of 220.

About Uber

Uber is evolving the way the world moves. By seamlessly connecting riders to drivers-partners through our app, we make cities more accessible, opening up more possibilities for riders and more business for driver-partners. From our founding in 2009 to our launches in hundreds of cities today, Uber's rapidly expanding global presence continues to bring people and their cities closer. Today Uber is available in 500+ cities across 73 countries. The service is available in 29 Indian cities -- more than any other country outside the United States and China.

www.uber.com

Media Contact

Brahma Roop Dixit | Corporate Communications, Droom.in
Brahmaroop.dixit@droom.in | 9711638865

Shashank Sethi
shashank@popkorncommunications.in | 99581 96997

Prasidha Menon | Lead, Product Communications, Uber India
prasidham@uber.com | +91 95601 88330

The app has every information about Droom, including prevalent vacancies within the company, so that interested candidates can apply directly. The application provides great utility in terms of portraying Droom's culture and core values, specifically to interview candidates at Droom or at campuses.

Speaking on the same, Sandeep Aggarwal, Founder and CEO, Droom, commented, “We are currently looking at hiring in big numbers. The HR app aims to provide more content to candidates sitting at Droom office while they have come to give an interview. It is a major move towards creating a paperless office. The added features are a bonus that will inform existing and potential candidates with every information that they need. We, as a company are growing at a blitzkrieg rate and this new initiative is a logical and strategic move in that direction.”

Commenting on the features of this new app, Babita Vaishnawa, Senior Director – Human Resources, Droom, “We have introduced many interesting features and updates to engage and immerse individuals visiting our HR app, including those who are looking to join our team or passive visitors, just seeking information. This app will streamline all HR processes conveniently and smoothly.”

For instance, the HR app home page has added three blocks, namely, About Sandeep, which will lead the person to Droom’s Founder website - www.sandeepaggarwal.com, next comes the OBV which leads the visitor or a candidate to www.orangebookvalue.com (a platform that helps in determining the fair market price of used vehicles via algorithms.) The third block is termed as Droom History. Here, the app visitor will be directed to the page, www.vehiclehistory.in.

To manage the app in a better way, Droom has also added a module in the matrix – HRMP which primarily capture the feedback gathered from candidates and guests and collects and analyses visitors site surfing behavior. Droom has also updated all the latest photos and videos in the app.

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 106k+ B2C sellers, 22.5k+ products, 135k+ listings 6,697 cr.+ in listed GMV, 4.21 Mil+ FB Community members (highest for any automobile community in India) and over 5Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 200+ and is funded by some of the leading global venture investors.

In order to reach this target, Droom has been aggressively running seller affiliation and community building programmes to increase its network base. The company has dedicated teams of account managers and sellers on boarding team who train new sellers who comes on board. The unique Droom University provides a one stop solution to all seller related needs and queries including more than 100hours of online tutorials and skill development programs for auto dealers. The company’s seller support mechanism deals with all kinds of post sales queries and other related questions.

Expressing delight on the achievement, Mr.Sandeep Aggarwal, Founder and CEO -Droom, commented, “500 cities, 1 lakh auto dealers and with eyes on achieving 1,50,000 seller mark by the end of this year are big numbers, if we consider the overall automobile market in India and its online penetration. Best part is we achieved this in 13 months in free/organic efforts. In the course of time, we want to bring even more number of cities on our platform and this would not be possible without the highly scalable and robust technology platform that we have built combined with whole suite of automobile ecosystem services tools out of which many are becoming defacto standard such as OBV, History. Innovating and growing by adopting the best of practices lies at the very core of our DNA and we are confident of achieving more such milestones soon.”

Presently, Droom has its presence across 500 cities in India, with 160 cities in North India, 132 cities in West India, 130 cities in South India and remaining in rest if India, across all prominent states. The company also has an adequate presence in the Tier 2 and 3 cities and towns, across the country.

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 100k+ B2C sellers, 21k+ products, 128k+ listings 6,307 cr.+ in listed GMV, 3.9 Mil+ FB Community members (highest for any automobile community in India) and over 4.7Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace and 5th Unicorn in the Consumer Internet space in India. Droom has a team of 200+ and is funded by some of the leading global venture investors.

In order to achieve this ambitious target, Droom is aggressively running seller affiliation programmes to increase its network base. The company also has in its folds dedicated teams of sellers who trains new sellers who comes on board. The one-of-a-kind Droom University provides a one stop solution to all seller related needs and queries. The company’s seller support mechanism deals with all kinds of post sales queries and other related questions.

Speaking on announcement, Mr.Rishab Malik, Co–Founder and VP, Business Development, Droom said, “1 lakh sellers, mark a watershed moment in our voyage to become the undisputed leader in the online automobile domain. I would like to thank everyone in the team who has helped us in achieving this significant landmark and our entire seller community for believing in us. Going forward we will continue to innovate and grow in order to serve customers and empower our sellers, in newer and better ways.”

“We are a high-end technology backed marketplace platform with innovative proprietary tools such as Orange Book Value, Eco App, History, Full Circle Trust Score that are hugely beneficial for sellers on our platform.”, he added.

The company currently has sellers from 429 cities across India, registered on its platform with 85% hailing from Tier 2 cities. The portal boasts of a balanced ratio of 4 wheelers vs 2 wheeler automobile sellers. The journey to the milestone mark has been firm, often challenging, yet momentous.

A few testimonials from the company’s valued sellers

Nikhil Gupta, owner of Bhagvati Motors from Delhi says “I use Droom as an additional sales tool. I believe in a couple of years the younger generation will discover car inventory online and will also buy them online if the data of the vehicle is clean on the platform. The additional technology features such as Orange Book Value, History and Eco inspection has helped us a lot in making the customer understand the reliability towards used automobile before they purchase.”

Hriday Malik, Max Marketing, New and Used Car Dealer from Jungpura, Delhi says, “Droom is a company that is providing us with buyers who are genuine and are ready to buy and are not indecisive about making a purchase. They can check out the car and bike sitting at their office or from home and make a purchase with us. This makes our life very easy and we are able to sell more and more cars.”

Vehicles belonging to the Mint Vehicles category are in actuality used vehicles which are in pristine, almost brand-new condition. Supercars and superbikes, doctor-driven vehicles, motorcycles etc. which, are in a condition that is equal, if not better than, any new vehicle are offered to the buyers.

It is always a desire of every young boy/girl to drive in one of those swanky cars that have cool number plates such as 0007, 111, 786 etc. Droom, however can convert this dream into reality with its VIP Numbers category. Any vehicle, new or used, can be fitted with a number plate that would make eyes turn and establish your presence on the road. Added to that, Droom also provides its buyers a choice to buy vehicles based on whether the registration number is odd or even, according to their utility.

Commenting on the new categories, Mr. Rishab Malik, CO –Founder and VP – Business Development, Droom, said, “Specific number plates, top-notch condition vehicles or buyers searching for odd or even numbered plates to suit their purpose, we have come across these not-so-common requests time and again. Thus we decided to provide such allied services which have become extremely popular with our buyers. These services, though subtle, end up making a huge impact on the buyers’ minds and often nudge people enough to repeat transactions. We hope to keep on creating such memorable purchase experiences for buyers and maintain the high-efficiency standard of our services.”

Buyers who are off the beaten track do not get impressed by the new shining sports cars or the number plates with three consecutive 5 or 7s. They are always on the lookout for something rare, something which stands as a relic representing the voice of a time gone by. For these buyers, Droom has launched its Hard-To-Find category where one can choose to buy a rare model from a leading brand.

Combined with the aforementioned category is Old-is-Gold, a listing full of yesteryears’ vehicles which were hallmarks of quality, excellence and delicate craftsmanship. With the rise in prices, offering better technology, looks etc. were focused on more, leading to a gradual dip in the manufacture of these stately vehicles. Droom, however, plans to bring those good old days back through these categories and the vehicles listed in them by providing a serious choice to the buyers and assisting them in finding the vehicle of their dreams, complete with number plates!

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 94k+ B2C sellers, 25k+ products, 121k+ listings, 5,900cr.+ in listed GMV, 3.7Mil+ FB Community members (highest for any automobile community in India) and over 4.4Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 200+ and is funded by some of the leading global venture investors.

This latest agreement assumes all the more importance as it was achieved after several meetings and intense negotiations. Along with this partnership, Droom has also signed up a number of regional sellers such as Road India (RSA-500 locations), Zaiuto and Gomgarage.

The partnerships have enabled Droom to cover 477 locations across the country where it can provide Road Side Assistance to its consumers, including the metropolitan cities of Delhi NCR, Mumbai, Bangalore, Ahmedabad and Pune.

Commenting on the agreement, Mr. Rishab Malik, CO –Founder and VP – Business Development, Droom said,” This is a major development that will impact the current fabric of the online automotive industry. With RSA being provided by brands such as Allianz Worldwide and other regional providers, confidence of car buyers from Droom will definitely enhance, leading to greater brand support. This agreement justifies and fulfills the brand valuation of all the service providers to the hilt. We are looking forward to earning huge success with this collaboration and further provide confidence in the buyers regarding the vehicles transacted by Droom.”

Droom currently has 12 partners in its RSA services provider channels and 10 partners providing Eco-inspector services. Droom’s RSA services will be available in cities including Vijayawada, Varanasi, Warangal, West Sikkim, Iruvannamalai, Trivandrum, Tiruchy, Srinagar, Rohtak, Rewari, Nagaon, Meerut, Guwahati, Ferozepur, Coimbatore, Bellary and Amravati. To avoid confusion due to the presence of multiple RSA service providers in a particular city, Droom, like a perfect marketplace, has given the customers complete freedom to choose a partner service provider without any bias or preference, thus empowering their buyers and bringing transparency in operations.

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 94k+ B2C sellers, 25k+ products, 121k+ listings, 5,900cr.+ in listed GMV, 3.7Mil+ FB Community members (highest for any automobile community in India) and over 4.4Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 200+ and is funded by some of the leading global venture investors.

In the bikes segment, Bajaj Pulsar emerged as the most popular vehicle, followed by Hero Passion Pro and Bajaj Discover, while Honda Active staked its claim at the top of the scooter segment, beating the likes of Suzuki Access and Honda Aviator. The trends were identified from Droom’s platform data corresponding to the 2015-16 period.

Another interesting insight that was drawn through Droom’s latest annual consumer survey was the category-wise distribution of sales volume and numbers. According to the report, 59% of queries and online sales closed by Droom comprised two-wheelers (41% bikes, 26% scooters). Cars accounted for 38% of total sales, whereas the rest was occupied by superbikes and supercars. Bikes on the platform were bought at an average price of Rs 43,360, while cars sold at an average price of Rs 5,76,969.

Somewhat surprisingly, petrol and CNG cars saw a dip in sales from 59% to 52% and 7% to 4% respectively from 2015 to 2016. Diesel vehicles, on the other hand, reported an increase in sales from 34% to 44%. Hatchbacks also reported a drop in sales from 43% to 40%, while Sedan and SUVs almost remained at par to the previous year’s numbers. MUVs reported a slight increase from 6% to 9%. The average time span of resold used automobiles was 5 years.

Commenting on the latest reports, Sandeep Aggarwal, Founder and CEO Droom said, “The trends as seen in Droom’s analysis paints a distinct picture of the entire automobile marketplace. Droom is still a largely urban customer-oriented market, with the highest response coming in from Delhi-NCR, Ludhiana, Bangalore and Jaipur. However, the response from Tier-II and III cities has been growing constantly, which gives us a lot of encouragement. While Indian brands and tie-ups such as Maruti Suzuki and Hero emerged as the most–trusted brands, foreign manufacturers like Hyundai and Honda are fast catching up. We believe the comprehensiveness, relevancy, and structure of this review will further enhance Droom’s popularity and motivate users to choose it as the ideal platform to sell or buy used and new automobiles.”

The fast lanes of the supercar and superbike section – Droom’s latest offering – also attracted massive positive response. While Harley Davidson and KTM featured amongst the most popular superbikes with KTM Duke bagging the top spot, BMW and Audi shared the distinction of being the most in-demand supercars. Audi A4 again emerged as the most loved car for Delhi’s rich and famous.

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 94k+ B2C sellers, 25k+ products, 121k+ listings, 5,900cr.+ in listed GMV, 3.7Mil+ FB Community members (highest for any automobile community in India) and over 4.4Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 200+ and is funded by some of the leading global venture investors.

Only those couples who have their weddings before the 30th of April are eligible to participate in this contest.  Whereas nominations are open till the end of February, the microsite will be launched on the 10th of February, on the occasion of Valentine’s Day.

In a further boost to the mood of love brewing in the air, Droom has also announced a mini-version of the campaign for those having their wedding on the 14th of February. The process remaining the same, couples would need to submit their entries by the evening of the 12th of February, which will then be judged and reviewed. The results will be declared on midnight of the 13th of February, and winners will have a supercar at their beck and call during their baraat/vidaai!

Commenting on the campaign, Sandeep Aggarwal, Founder and CEO, Droom said, “Supercars have always been an object of great fantasy, even more so today with their portrayal in movies and other shows. We decided to initiate the SuperBaraat campaign to celebrate this season of love, and gift a lucky couple an experience which they will never forget. Furthermore, the interesting combination of a conventional Indian baraat/vidaai with a flashy supercar is something even the attendees at the wedding will marvel at.”

The SuperBaraat campaign will begin on the 10th of February and hopes to get a huge response from love-struck couples vying for an experience of a lifetime. Whereas nominations are open till the end of February, Droom is already looking towards enabling the first SuperBaraat this Valentine’s Day.

Campaigns such as SuperBaraat transform weddings, which already are special occasions, into memories that resonates for a long time after the ceremonies are over. 

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 94k+ B2C sellers, 25k+ products, 121k+ listings, 5,900cr.+ in listed GMV, 3.7Mil+ FB Community members (highest for any automobile community in India) and over 4.4Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 200+ and is funded by some of the leading global venture investors.

Commenting on the performance, Sandeep Aggarwal, Founder & CEO, Droom, said, “In a year that saw several ups and downs, Droom’s continued growth on an exponential curve is fascinating to say the least. Reporting a growth rate 15 times higher than that managed by the overall e-commerce industry and raising a landmark Series B investment from renowned investors such as Lightbox, BEENEXT and Digital Garage is a testament of how robust the company fundamentally is. We aim to build upon this strong showing and continue driving massive growth for our platform through our value-driven, consumer-centric offerings.”

The astounding success earned by Droom was largely thanks to the significant growth in key business metrics. Orders placed through the platform grew by 507%, from 8,232 units in 2015 to 49,974 units by the end of 2016. The transacted GMV on the platform also grew by 533%, soaring from INR 155 crore in 2015 to INR 1,000 crore in 2016. The overall traffic on Droom also grew by 307% year-on-year, increasing from 12.5 million page visits in 2015 to almost 51 million in 2016 which makes Droom the 3rd largest Facebook community in the e-commerce industry. This extensive consumer reach corresponded with a rapid increase in its active seller base, which went up from 2,038 in 2015 to 15,619 in 2016, registering a growth of 666%. Platform leads through Droom Assist also increased from 1,152 to 102,235 – a remarkable growth of almost 9000%.

Droom also launched the unique applications in 2016 such as Orange Book Value in 2016, which again has been immensely popular amongst consumers and has generated more than 94 million pricing queries and about 4 million in traffic till date; History is an unbiased report providing overall information about a vehicle’s background and ECO inspection which is India's most advanced, independent, objective and unbiased auto inspection and verification service provider.

Given the rate at which it is growing, Droom is expected to touch net annual revenues to the tune of INR 60-75 crore by March 2017 with an annualized GMV in the range of INR 2,500-3,000 crore. The company is targeting annualized GMV of INR 4500-5000 crore and net annual revenues of INR 125-150 crore by December 2017, as it ramps up its operations to firmly consolidate its position as the best brand in the Indian online automobile market space.

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 89k+ B2C sellers, 25k+ products, 118k+ listings, 5734cr.+ in listed GMV, 3.5Mil+ FB Community members (highest for any automobile community in India) and over 4.2Mil+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 216+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Speaking on the findings of the survey, Sandeep Aggarwal, Founder and CEO, Droom, “The launch of Droom’s OBV has been a landmark move for the Indian automobile industry. After painstakingly putting this revolutionary product together with the best team of experts, it is indeed heartening to see its phenomenal popularity. The survey clearly underlines that OBV has witnessed unprecedented acceptance in India thanks to its completely algorithm-based benchmark pricing and its unparalleled convenience.”

Enclosed are the highlights of Survey for your reference.

The survey makes it clear that consumers across the country are fast adopting OBV as the default definer of the pricing of any vehicle. Its ease of use has clearly emerged as the top reason why OBV has become so popular followed by its ability to benchmark pricing for buying or selling used vehicles and its free OBV Valuation Report. Considering that almost 42% of the respondents of the survey use OBV a few times a week its emergence as the ultimate and most trusted valuation guide for automobiles is inevitable.

About Orange Book Value (OBV)

OBV is India’s first and only algorithmic pricing engine to find out fair market value of any used vehicle.  Orange Book Value (OBV) is a simple yet extremely technology and data science based online tool to give users value of a used automobile under 10 seconds.  With OBV, you never have to pull a number from hat or guess a used vehicle pricing but a scientific way to know the fair market value. And the best part is OBV is completely free. Since we launched OBV, we have seen 95 million+ pricing queries using OBV, 10k+ auto dealers across India adopting it, we have used 50K transactions worth approximately 1,000 crores to validate OBV pricing.  OBV covers 25k products for cars, bikes, scooters, bicycles, and planes.  Download our Android or iOS app for Orange Book Value or visit www.orangebookvalue.com

Loans are an integral element in almost all new and used car purchases and Droom’s recent collaboration with Axis bank is evidence of its continued efforts to cover the 360 degree eco-system of online automobile transactions.

Loans will be provided for up to 85% of the value of the car with a tenure of 1-5 years. Furthermore, loans on Used Cars can be availed on vehicles upto the age of 10 years at the end of the loan tenure.

Commenting on the tie-up, Rishab Malik, Co-Founder and VP, Business Development, Droom said, “The recent collaboration is another step in our attempt to provide holistic facilities to our users and enhance the car-buying experience. Axis bank is globally recognized as one of the most reputed financing organizations with a successful track record of disbursing loans in a quick turn-around time. We hope that faster loan disbursal mechanism will provide customers with a buying experience that is hassle-free, secure and convenient.”

“Axis Bank always endeavours to provide digital solutions to its customers, providing them enhanced customer experience and ease. This valued partnership with Droom is yet another step in our digital offerings” said Mr. Jagdeep Mallareddy, Head Retail Lending, Axis Bank.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 83K+ B2C sellers, 25K+ products, 114K+ listings `6,406 Cr+ in listed GMV, 3.2 Mil+ FB Community members (highest for any automobile community in India) and over 3.9 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 218 and is funded by some of the leading global venture investors.

About Axis Bank

Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 3,106 domestic branches (including extension counters) and 13,448 ATMs across the country, as on 30st September 2016, the network of Axis Bank spreads across 1,920 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK. The Bank’s website www.axisbank.com offers comprehensive details about its products and services.

For More Info Please Contact:

Speaking on the launch, Sandeep Aggarwal, Founder & CEO, Droom, said, “Unlike USA and Western Europe, India is a low trust market, especially for used automobiles. Many aspects of a pre-ownedvehicle, such as ownership history, title dispute, and vehicle-related issues, are non-reliable. This islargely due to the unavailability of verified information about a pre-owned vehicle. With History, we are making India’s largest information repository for used vehicles. By providing a report on vital vehicle-related information to a prospective buyer within minutes, we aim to foster greater trust and transparency in the used automobile segment.”

In order to present the most consolidated and transparent report to its users, Droom constantly collects and updates vehicle information in over 18 unique data fields from 1000+ RTOs across the country. History currently has information about more than 19 crore private and commercial vehicles such as two-wheelers, cars, taxi, trucks etc in its database, with real-time information of nearly 6 million vehicles from the Delhi-NCR region alone. During the first phase of the launch, Droom will put up listings with valid RC numbers on its platform. The front-end will also be soon opened to users, giving them access to the most accurate, real-time information about used vehicles.

Somendra S. Rathore, Senior Director, Product and Technology, Droom, added, “The used vehicle market in India often faces issues such as low transparency and a distinct lack of trust between buyers and sellers. With History, we aim to plug this information gap by making a standardised, central repository for used vehicle history. Integrating disparate IT systems and producing our own data science and machine tools over the past nine months has been a colossal task, but we’re confident that our hard work will pay off and help India embrace a more digitally-driven economy.”

The process of generating the History report for a vehicle will be fairly simple. All a user will have to do is enter the vehicle’s VIN or registration number and check for the availability of the report. If the vehicle report is available in Droom’s database, users can make an online payment to get the report sent to their registered email address within half an hour. The information can then be leveraged by users to make better purchases, ensuring the security of their investment and offering them peace of mind while purchasing a used vehicle.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 83k+ B2C sellers, 25k+ products, 321k+ listings, INR Rs 6,555 crores+ in listed GMV, 3.29 mn+ FB Community members (highest for any automobile community in India) and over 3.9 mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 200+ in its offices in Gurgaon (India) and Silicon Valley (USA).

For More Info Please Contact:

Rushali Khandelwal: +91- 9899695319, rushali.khandelwal@droom.in

Shashank Sethi : +91-9958196997, shashank@popkorncommunications.in

Megha Gole: +91- 9899656751, megha@popkorncommunications.in

Cut to December. Sethi has a problem of plenty. Sitting pensive at his shop in Delhi’s biggest second-hand car market at Arya Samaj Road in Karol Bagh, Sethi, 42, doesn’t know how to get rid of the fleet standing motionless outside his shop as there are no buyers. “Demonetisation has killed us,” rues Sethi, one of the 30,000 used-car dealers across India.

Demonetisation, contend auto experts, has dealt a crippling blow to the secondhand auto industry, both offline and online, which had been witnessing a promising growth over the last couple of quarters. “It’s a sucker punch for an industry where cash was the norm,” says Abdul Majeed, partner at PwC India. The used car market in India, according to a recent report by vehicle pricing guide IndianBlueBook, is 1.2 times the new car market, which was at 2.8 million units for 2015-16. While, at 3.3 million units, the preowned car market is growing at over 15% a year, for the organised sector—which makes up just 12% of the used car market— the growth was over 25%.

While it might take a couple of months—at least half year or so—for things to normalize, by then it would have done irreversible damage. “Only online players with deep pockets will survive,” reckons Majeed. Agrees Sandeep Aggarwal, founder of online marketplace for used automobiles and auto services Droom: “Demonetisation is the last nail in the coffin of the smaller players who had mushroomed over the last few months,” he says, adding that the move will hasten the demise of the players who were hanging on to angel or seed investment. “It will become a serious and organised business,” he predicts, adding that the well-funded players will tide over the crisis.

The Gurgaon and Singapore-registered company has so far reportedly raised about $45 million from a clutch of investors, including venture capital firms Lightbox and Beenext, Japan’s Digital Garage, Hong Kong-based investment company Integrated Asset Management. Aggarwal, who is also founder of online ecommerce marketplace Shopclues, explains that the problem hitting the industry is two-fold: a supply glut and zero demand. While people are facing a cash crunch, dealers are sitting on excess supply. Even those who are reportedly accepting payment in older currency will find the going tough from January.

For the Ratan-Tata backed auto classified portal CarDekho, the impact of demonetisation won’t last beyond a couple of months. “There is a sharp slowdown but it’s a blip,” says Umang Kumar, president of CarDekho, and CEO and cofounder of Gaadi.com. “Things would normalise after four-five months.”

While conceding that demonetisation would hasten the demise of those online players whose business model was always suspect, it would also lead to industry getting more organised. “Online classifieds was always a deep-pocket game,” he says, adding that demonetisation would force players to follow the rule of the game. While the industry might be still grappling with the collateral damage of demonetisation, entrepreneurs contend that the move has come as a blessing in disguise.

“It will give a big boost to financing of used-car business,” says Vinay Sanghi, founder and CEO of online marketplace for used and new vehicles CarTrade. An estimated 30,000 pre-owned cars are financed monthly in India. Both consumers and dealers would now actively hunt for used-car financing options, he contends. “In the long run, the industry stands to gain immensely,” he says.

Droom’s four different revenue streams will help the company achieve its target. These include its core transactional platform of vehicle transactions, premium subscription charges, advertising and selling of products and services developed in-house, such as its highly popular algorithmic pricing engine Orange Book Value and auto inspection-verification service provider Eco. Moreover, Droom’s consumer-to-consumer sales will be a major contributor to the increased revenue rather than business-to-consumer transactions going forward.

Droom is also already in talks with potential investors to raise $50 Million in its next round of funding, estimated to close early next year. Having raised $45 million across four rounds, the early players that have expressed interest in investing also belong to the favourite hunting ground of Droom, the South East Asian countries of China, Japan and Hong Kong.

Commenting on the estimated growth figures, Sandeep Aggarwal, Founder & CEO, Droom, said, “By December, we expect to achieve annualized gross sales of INR 4,500-5,000 crore, with a net revenue projected at about INR 125-150 crore. Interestingly, C2C has been a bright spot for us lately, and we see it as a significant contributor to our balance sheet. Furthermore, our services have generated healthy revenue, with more than 15% of our sellers having signed on for the subscription services. We expect these figures to increase to 40% by December 2017.”

India’s domestic automobile sector has grown immensely to emerge as the third largest in the world, valued at about $125 billion, with an expected jump of $75 billion by 2020. Droom’s vision is to create, promote and increase share of the online segment in automobile transactions, which presently is at 1% of the overall figure. Expected to grow until 8% over the next three to four years, Droom’s strategic decisions are bound to help the organization scale the heights of success and for the sector to boom at large.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 78K+ B2C sellers, 25K+ products, 121K+ listings, INR 6,555 Cr+ in listed GMV, 3.1 Mil+ FB Community members (highest for any automobile community in India) and over 3.6 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 203 and is funded by some of the leading global venture investors

Speaking on the announcement, Rishab Malik, Co-Founder & VP, Business Development, Droom commented, “I believe there is a massive opportunity for technological innovation in the Indian automobile space, as can be seen by the growth and the user traction witnessed by Droom since its launch. Through our unique, tech-centric approach, we have been addressing major market gaps and making the automobile buying and selling experience smoother and more convenient. This has allowed us to build on our consumer-centric brand proposition and establish Droom as the preferred destination for buying and selling pre-owned as well as new cars in India.”

“Our dedicated focus on technology has made it possible for us to coordinate all of our operations from our headquarters. We are currently the only player in the e-commerce industry in hyperlocal market to have achieved such scale without having to deploy people in any other city. Having expanded our service into 200 cities, we now look forward to extend the benefits of our disruptive services to more markets and consumers across the country,” adds Rishab.

In addition to establishing itself as the preferred online portal for buying and selling vehicles in major geographies, Droom’s digital-first marketplace approach has also received great response from users in emerging markets from Tier 1 to tier 3 cities. This has allowed the brand to rapidly expand its services in multiple cities through its extensive dealer network without having to establish a physical presence. Droom has successfully received orders from Ludhiana, Ahmedabad, Roorkee, Jaipur, Bhatinda, Thane, Chandigarh, Meerut, Nasik, Agra, Udaipur, Karnal to name a few.

Having launched its operations in January 2015, the exponential growth and scale since witnessed by Droom has firmly established it as a leading player in the Indian online automobile industry. Droom currently has more than 78K+ B2C dealers selling 25K+ products to users through its platform. With 121K+ vehicle listings and GMV worth more than INR 6,555 crore already listed, Droom will be looking to build on its success by expanding into more geographies and markets, both India and abroad.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information astymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 78K+ B2C sellers, 25K+ products, 121K+ listings,Rs.6,555 Cr+ in listed GMV, 3.1 Mil+ FB Community members (highest for any automobile community in India) and over 3.6 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 203 and is funded by some of the leading global venture investors.

The idea behind the logo is that through our communications, we are passing a message that the price of used vehicle should be same for seller and buyer, reducing the negotiations between them and OBV provides that required pricing standard. The two dots in the middle of O in OBV signifies eyes and the two upper and lower halves of O signify the smiles of buyer and seller respectively. We have associated with orange color since start and we have maintained the same in the new logo for the energy and warmth it signifies. We have added blue color which signifies trust, peace, intelligence and loyalty to provide appeal to both sellers and buyers. The fonts and typeface has been chosen to be viewer friendly as well emit authority of being the used product pricing standard. 

Speaking on the announcement, Sandeep Aggarwal, Founder & CEO, Droom, said, “With the demand of pre-owned vehicles in the country outstripping that of new vehicles, there was a pressing need for an objective pricing mechanism. Through its data science-based approach, Orange Book Value gives a fair market value of a used vehicle under 10 seconds. With the ‘Resale Ka MRP’ campaign, we wish to underline how this algorithmic engine does away with all the discrepancies that have plagued this segment so far with non - standard pricing. We are confident of the game-changing potential of OBV and have therefore decided to support it with a dedicated media blitz that will enable more and more consumers and auto dealers to leverage the 21st century tech and data science pricing tool.”

Droom’s latest marketing initiative kicks off with the launch of an OBV Diwali video, which revolves around a Diwali-time discussion between friends about the value of a pre-owned car, as well as two animated ‘how-to’ videos about OBV. With the campaign already maintaining a sustained presence through social media platforms such as Facebook and Instagram, Droom will be following it up with a 360-degree campaign comprising TVCs, radio & outdoor media, and digital media.

Using OBV to determine the value of a vehicle is very simple. All users have to do is select their purpose (buying/selling), select vehicle category, and parameters (make, model, year, condition, trim, and km driven etc) in order to get an independent, objective, unbiased and data-driven report on the fair value of any vehicle. This ease of usage and trust factor has driven great user traction, and has seen nearly 90 million pricing queries generated through OBV’s web and mobile platforms till date. The animated videos explaining OBV and the OBV Diwali video are available here:
1) ‘What is Orange Book Value (OBV)?’
2) ‘How Orange Book Value (OBV) works?’
3) ‘OBV: No debate on used gaadi rate

About Orange Book Value:

About Droom
Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 78K+ B2C sellers, 25K+ products, 113K+ listings, Rs 5780 cr+ in listed GMV, 2.81 Mil+ FB Likes (highest for any automobile community in India) and over 3.4 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 168 and is funded by some of the leading global venture investors.

Commenting on the announcement, Rishab Malik, Co-founder & VP – Business Development, Droom, said, “Droom is currently receiving 5000 orders a month, which includes vehicle purchase and automobile-related services. With Dhanteras and other auspicious occasions just around the corner, we expect to drive consumer demand by 30-35% this month. We are spending INR 100 crore on marketing this year, out which INR 10 crore has been allocated for festive promotions. Our Droom assist team has been receiving about 1500 queries on a daily basis even before the sale kicked off, underlining the excitement Indian consumers have during the festive season and their trust in Droom’s diverse offerings.”

Droom Auto Sales kicks off with promotions such as Grand Auto Sale, Diwali Wheel of Fortune, Karva Chauth Special and Bhaiya Dooj launched to delight Droom customers with massive discounts. Grand Auto Sale will be live between October 6 and October 11 with discounts of up to INR 50,000 on cars, INR 20,000 on bikes and a maximum of INR 8,000 on scooters. Droom is also offering an Android phone and shopping coupons from ShopClues on select purchases, while all vehicles bought under this offer will also come with an offer of 50% off on Roadside Services Assistance. Second big offer, the Diwali Wheel of Fortune, also promises a plethora of great deals, discounts and offers between October 26 and October 31, with customers availing discounts of up to INR 50,000 off on Cars, INR 20,000 off on Bikes, and INR 8000 off on scooters. Customers can also spin the Online Wheel of Fortune and get a chance to win spectacular gifts such as a Thailand trip, OnePlus 3 phone, an Air Safari (paragliding) package, branded 2 gm gold coin, helmets, car perfumes and a flat 50% off on Zoomcar rentals. All these promotions are available on pan-India basis in around 180 cities, with the best-selling models from the most renowned automobile houses in the world available during the month-long carnival of great discounts and attractive deals.

Rishab further added,“It is the season of festivals and we, at Droom, hope to make it as grand as possible for our users. With some outstanding deals and discounts, this month-long sale is aimed at contributing to the festive cheer all around. With the rise in disposable income, we have seen the demand of vehicles in every household is increasing. Consumers want more for less and increasingly prefer pre-owned vehicles over new vehicles, as it allows them to purchase a premium vehicle within the same price range. This is why we’ve launched our latest marketing campaign. With massive discounts and exciting deals, we are looking make this festive season extra special for Indian consumers by allowing them to purchase their preferred vehicles at the most affordable rates,”

Carrying on the festive fervor further, Droom is offering a Karva Chauth Special under its Delhi Auto Fest between October 17 and October 19. Available in locations across North India, buyers can easily avail discounts of up to INR 40,000 on cars, INR 20,000 on bikes, and INR 8,000 on scooters. Furthermore, a romantic evening at a fine-dining restaurant is up for grabs with a GroupOn dining coupon worth INR 3000. One can also avail chopper rides during this day with best rentals listed on the website.

The offers however, do not end here. Following the conclusion of the Diwali Sale is the Bhaiya Dooj offer on November 1. A discount of maximum INR 11,000 is available pan-India on some of the best scooters from the most famous brands across the world. With so much on offer, Droom is definitely making this festive season full of cheer, happiness and joy for its users!

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services.  Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 78K+ B2C sellers, 25K+ products, 113K+ listings, Rs 5780 cr+ in listed GMV, 2.81 Mil+ FB Likes (highest for any automobile community in India) and over 3.4 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 168 and is funded by some of the leading global venture investors.

For more media queries, please contact:

Rushali Khandelwal, PR - Manager, Droom, + 91 9899695319, rushali.khandelwal@droom.in

One of the fastest growing web-based companies, Droom has already registered over INR 1,200 crore in annualised GMV, with plans to achieve INR 3,000 crore by March 2017 and estimating a colossal growth to the tune of INR 5,000 crore by December 2017. The achievement has become all more impressive as Droom has spent only 3.75% of the entire GMV value to run the entire organization including marketing. With their innovation engine running on an overdrive mode, Droom is expected to crunch some big numbers again within a span of 5-6 months.

Commenting on the growth numbers, Sandeep Aggarwal, Founder and CEO, Droom said, “It feels extremely satisfying to achieve, and exceed the numerical goals we had set for ourselves. At a time when the auto industry has witnessed new vehicle sales improve by 9% Y-O-Y and used-vehicle segment pick up by 15% Y-O-Y while the e-commerce companies register a growth rate of 35% Y-O-Y, Droom has been able to 700% Y-O-Y growth.  Not only our innovation engine is working big time with very advanced marketplace but also from highly innovative and data science offerings such as Full Circle Trust Score, Orange Book Value, Discovery Tools, and Eco.”

Droom first crossed the 100 crore barrier by generating a INR 104 crore GMV, or $17.3 million, at a constant currency exchange rate of INR 60/USD. Reporting a 30% month-on-month growth, it has also set a precedent of incurring low marketing costs by spending a mere 4.5% of the total allocation and yet achieving such enormous expansion figures.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 78K+ B2C sellers, 25K+ products, 113K+ listings, $963 Mil+ in listed GMV, 2.81 Mil+ FB Likes (highest for any automobile community in India) and over 3.4 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 168 and is funded by some of the leading global venture investors.

For more media queries, please contact:

Rushali Khandelwal, PR - Manager, Droom, + 91 9899695319, rushali.khandelwal@droom.in

To ease out the financial burden, Droom and CashCare have also decided to offer pre-approved loans to eligible buyers. Loans of up to 70% of the value of the vehicle are available with a loan period of 3-12 months. With these offerings, CashCare has provided a golden opportunity for buyers who are on the verge of purchasing their first vehicle but were being encumbered by financial constraints

One of the biggest features of this collaboration and the introductory offer is a 0% Annualized Percentage Rate on the loan amount on the vehicles. This feature makes it all the more attractive for buyers who are apprehensive of interest charges while buying a car. A dealership that provides 0% APR is one of the most amazing deals customers can get this festive season.

Rishab Malik, Co-Founder and VP – Business Development, Droom said, “With the launch of the new vehicles category, we also decided to make the accessibility of the products greater. To this end we are pleased to associate with CashCare and help fulfill the dreams of many of our customers in a quicker and more efficient way. The introductory offer of 0% APR is truly incredible and will further enhance the affinity that vehicle buyers feel for this new service.”

CashCare Founder and CEO, Vikas Sekri further added, “Droom has emerged as a significant market innovator in the automobile buy/sell market. As a real-time finance provider, CashCare understands car buyers’ needs for hassle-free and quick disbursal of loans. We hope to facilitate many customers through our association with Droom and help them drive their dream vehicles home this festive season.”

Droom has further added to its unmatched reputation of being a complete service facilitator by ensuring procedures at the Regional Transport Office (RTO) are taken care of, with varying charges depending on the type of vehicle and location of RTO. Furthermore, there is a one-year manufacturer warranty available on every vehicle bought through it which is also delivered within 30 days of order placement. Droom buyers also benefit in terms of security as their vehicles are completely covered by the Droom buyer protection policy. With this wide gamut of services and its constant thrust on innovation, Droom has yet again proved its leadership position in the Indian automobile transactions market.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services.  Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 74K+ B2C sellers, 25K+ products, 102K+ listings, Rs.5,330 Cr+ in listed GMV, 2.5 Mil+ FB Likes (highest for any automobile community in India) and over 3.2 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 168 and is funded by some of the leading global venture investors.

About CashCare

Founded in December 2015, CashCare is a pioneer in data driven consumer lending solution @ checkout. With CashCare, consumers can make the right choice of purchase by choosing 3 to 12 months EMI option. In addition to Droom, consumers make a purchase via CashCare through ShopClues, BYJUs, FabFurnish, ShopMonk and several other retailer partners. Additional details @ CashCare.in

For more media queries, please contact:

Rushali Khandelwal, PR - Manager, Droom, + 91 9899695319, rushali.khandelwal@droom.in

Commenting on the achievement, Sandeep Aggarwal, Founder and CEO, Droom said, “It is a moment of great pride for all of us at Droom to have been named as one of the 2016 Red Herring Top 100 Asia award winners. Given the extensive evaluation criteria on the basis of which we have been selected, the news comes as a great boost to our motivation. It further validates our efforts across the denominators of business success and propels us to fulfill our vision of making Droom a global phenomenon.”

“In 2016, selecting the top achievers was difficult as always,” said Alex Vieux, publisher and CEO of Red Herring. “The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made 2016 a great vintage to judge. The Asia winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. As one of the winners, Droom should be proud of its accomplishment.”

Each year, Red Herring Top 100 Asia Awards enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2,000 privately-financed companies each in the Asian region. Since 1996, Red Herring has kept tabs on the upcoming organizations and its editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.

Red Herring’s editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.

Red Herring is a global media company, which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums, including print, online and exclusive events worldwide.  Red Herring provides an insider’s view and access to the global innovation economy, identifying new and innovative technology companies and entrepreneurs.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services.  Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 74K+ B2C sellers, 25K+ products, 102K+ listings, Rs.5,330 Cr+ in listed GMV, 2.5 Mil+ FB Likes (highest for any automobile community in India) and over 3.2 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 168 and is funded by some of the leading global venture investors.

For more media queries, please contact:

Rushali Khandelwal, PR - Manager, Droom, + 91 9899695319, rushali.khandelwal@droom.in

Droom is bringing unique innovations to the new category that will include a bank loan 50% of vehicle value pre-approved, door-step test drive and a slew of other goodies to various gift vouchers further to make the prospect of buying a new car from Droom more attractive. Droom’s far-sightedness and vision with its new automobile segment can be gauged from the fact that it has already tied up with major brands such as Nissan, Chevrolet, Skoda, Mahindra and the innovation powerhouse of e-vehicles, Hero Electric. Presently, automobiles from all the other brands except Mahindra are available in Delhi-NCR region while Droom facilitates buy/sell of Mahindra vehicles on a Pan-India basis.

Commenting on the announcement, Mr. Sandeep Aggarwal - Founder and CEO, Droom said, “After 18 months of successfully selling 30k used vehicles and generating a revenue of INR 1200 crores annualized GMV and growing 700% year on year, we are proud to finally be a part of the new vehicle market. Earlier we wanted to focus on the used-vehicle segment and change the way it functions through the use of digital tools. In the same vein, we want to know create a paradigm shift in the still conventionally-run new vehicle sector and bring about a positive disruption for the benefit of the end consumer.”

In a bid to ensure buyers are not discouraged by loads of paperwork, Droom has tried to keep the loan approval process short. The pre-requisites for loan application involve proof of Indian citizenship, birth/age proof for verification as an adult, 18 months of service/profession/business history and a government photo-id.

Already, about 50% of the online target-user traffic generated in the automotive space is being handled by Droom. To create a wider customer base, various offers such as an iPhone 7 and iPad are also being bundled in, to enhance purchase propensity in the initial phase of launch. The new automobiles are sold at Droom with basic listing prices and qualify the Droom Orange Book Value Excellence evaluation parameters. Equipped with allied services such as instant auto loans and vehicle insurance, Droom is looking to set new benchmarks in the Indian automobile market with this foray.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services.  Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 74K+ B2C sellers, 25K+ products, 102K+ listings, Rs.5,330 Cr+ in listed GMV, 2.5 Mil+ FB Likes (highest for any automobile community in India) and over 3.2 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 168 and is funded by some of the leading global venture investors.

For more media queries, please contact:

Rushali Khandelwal, PR - Manager, Droom, + 91 9899695319, rushali.khandelwal@droom.in

Droom, which has reported more than 700% year-on-year revenue, plans to adopt an aggressive performance-linked marketing approach which will see country-wide spread of the advertisements. Automobiles, being a big-ticket item, have a significant gestation period which may last from a minimum one month to a year.

Commenting on the king-size marketing budget, Sandeep Aggarwal, Founder and CEO Droom, said, “Buying a used vehicle is still shrouded in great doubt for many Indian consumers. This year, through our marketing efforts, we hope to instil a sense of pride in the buyers when they purchase a pre-owned automobile. Our focus completely lies in implementing high Return-On-investment promotion options. Furthermore, the 360-degree marketing initiatives will also help us achieve our goal of reaching an annualized GMV of INR 3000 crore by the end of 2016 and INR 5-7,000 crore by the end of 2017 by enhancing consumer tendency to look at the benefits of purchasing their dream vehicles through us.”

Keeping this trend in mind along with the upcoming festive season when the propensity to purchase vehicles is the highest, Droom will be rolling out the marketing initiatives well in advance. Of the total 100cr budget, INR 25 crore has been allocated to TV, outdoor, print and radio advertising and other ATL activities. Considering the huge market available digitally, a further INR 25 crore has been assigned to digital promotional activities such as Search Engine optimization, online ads etc. With the festive season in the offing, deals and discounts would also feature significantly in the marketing budget allocation.

Droom’s marketing campaign would be a round-the-year process with periods of heightened activity. Catering to seven different cities including Delhi NCR, Bangalore, Pune, Ahmedabad and Mumbai, Droom envisions INR 100 crore budget as the minimum threshold, rather than the maximum value allocation, and plans to raise the industry standards of marketing expenditure through its upcoming brand building activities.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first & largest marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 62K+ B2C sellers, 25K+ products, 97K+ listings, Rs.4,500 Cr+ in listed GMV, 2.36 Mil+ FB Community members (highest for any automobile community in India) and over 2.97 Mil+ downloads for mobile apps.

Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 168 and is funded by some of the leading global venture investors.

For more media queries, please contact:

Rushali Khandelwal, PR - Manager, Droom, + 91 9899695319, rushali.khandelwal@droom.in

Speaking about the event, Rishab Malik, Co-Founder & VP, Business Development, Droom, said, “Sellers are a very important part of our vision of a holistic, digitally-driven automobile marketplace. Organising the Sellers Summit is our way of expressing our gratitude for the continued support of the community and to give them greater opportunities to boost their business with us. This summit will help us to gain further insights from dealers and will help us in designing future collaborations that can be mutually beneficial and deliver optimum interests for both buyers and sellers.”

Droom also announced a slew of awards that were distributed at the Summit. The list includes awards such as On-Balance- Volume Champion, FCTS champion, Best Service-Level agreement award, Best practices with the least number of order cancellations, ECO inspection champion, Most Responsive Seller, Highest Transacting Seller, Seller with Most Active Listings, Highest Rated Seller and Most Reviewed Seller etc. A cumulative assessment by various stakeholders and seniors further determined the winner of the most coveted award of them all-Seller of the Year 2016.

The latest Sellers Summit by Droom saw the company discussing its future business strategies and plans for the coming year with over 500 dealers from cities such as Delhi, Ludhiana, Chandigarh, Bhatinda, Ahmedabad, Jaipur, Agra and Lucknow. The event also encouraged seller interaction with different teams such as product, marketing and tech to provide partner dealers with a better understanding of Droom’s business model and how it can benefit them.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology driven marketplace approach, droom enables transactions between buyers and sellers by bringing transparency, building trust, and mitigating information asymmetry. Droom is a mobile first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 62K+ B2C sellers, 25K+ products, 97K+ listings, Rs.4,500 Cr+ in listed GMV, 2.36 Mil+ FB Community members (highest for any automobile community in India) and over 2.97 Mil+ downloads for mobile apps. Droom has a very strong and proven founding team with 50 years of combined experience in technology, Internet, E-Commerce and FMCG including 20 years in Silicon Valley. Sandeep Aggarwal is founder of Droom. Prior to Droom, Sandeep founded ShopClues.com, India’s first & largest managed marketplace and 5th Unicorn in the Consumer Internet in India. Droom has a team of 168 and is funded by some of the leading global venture investors.

OBV is the most comprehensive pricing engine, which is not limited to cars alone, but also covers a wide spectrum of vehicle categories including motorcycles, scooters, bicycles and planes - covering 24000+ products from 100+ makes, nearly 1000 models and 4000 variants for last 10-11 years.

With OBV, users can calculate the true market value of a used vehicle in less than 10 seconds, that too for free. They can also download/share pricing report in no time. OBV is designed keeping user convenience as a top priority. The US patent-certified OBV pricing engine is built on Droom’s proprietary computational infrastructure and real-time data science which analyses empirical evidences to give the final price value of any used vehicle. It considers various factors like purpose (buying/selling), depreciation curves, margins and spreads with intermediaries as any vehicle changes ownerships, and dozens of factors that impact the valuation of an automobile.

Speaking on the new innovation, Sandeep Aggarwal, Founder and CEO, Droom, “Today is a historical day for the entire auto industry in India as we are launching Orange Book Value (OBV), India’s first and only algorithmic pricing engine to measure the true market value for any used automobile. For the last two years, we have deployed dozens of development engineers who have diligently worked and made this launch a great success. We have already managed to generate almost 72 million queries in the last seven months. Having spent millions of dollars on this innovation, the app is so convenient that a user can check the price of any used vehicle within ten seconds and can avail the pricing report free of cost.”

He added, “We are delighted to share that Orange Book Value is the valuation/pricing partner with Carnation and Renew Buy for auto insurance. This partnership will allow our partners to use Orange Book Value as benchmark pricing for used vehicles and leverage our computational infrastructure and US patented technologies to find out fair market value of used vehicles. We have developed OBV with a long-term vision of making it the most trusted valuation guide for automobiles, be it a cycle, bike, car or even an aeroplane. Droom is a technology and data science driven company and with us innovate and disruptive marketplace approach, we build trust, pricing, transparency and convenience advantages in a unique way for buyers and sellers for used automobiles. The launch of this website is a step towards this commitment to our users.”

The OBV website will showcase the following features:

• Link – www.orangebookvalue.com
• New touch and Feel: Website is loaded with new-age design, interactive features, real-time price changes while refining conditions, ability to change trim of the vehicle.
• Revamped OBV Pricing Report: Along with the OBV Price of the MMYT, the new version of the OBV Pricing report also provides you the overview of the prices of similar vehicles listed and sold in the last 60 days, 90 days and lifetime.
• Buy/Sell on Droom: With a single touch on the result page, you can navigate to the Droom website where you can buy/sell the product for which you just checked OBV.
• Rate the experience: Users can rate their experience on the website and also share their feedback.
• Get Social: Direct links to our Facebook and Twitter pages to get all the exciting news about OBV.
  • Facebook: https://www.facebook.com/orangebookvalue/
  • Twitter: https://twitter.com/OrangeBookValue

• Download our app:
  • iOS: https://itunes.apple.com/us/app/orange-book-value/id1120532296?mt=8
  • Android: https://play.google.com/store/apps/details?id=in.droom.online_obv_app

• Check OBV Price: By entering basic details like Make, Model, Year, Trim and KMs driven, find out the true market value of any used automobile within 10 seconds. Refine the price by selecting the appropriate condition of your vehicle.
• Download/Share Pricing Report: Download the pricing report of the vehicle you checked on your device. Also you can share the pricing report on-the-go.
• Recent Search: With a single touch, access the list of vehicles for which you have checked the OBV price recently.
• Buy/Sell on Droom: With a single touch on the result page, you can navigate to the Droom website where you can buy/sell the product for which you just checked OBV.
• Quick Tutorials: To help you get familiar with the flow of the app.
• Side Menu: This includes links to all necessary information regarding OBV i.e. what is OBV, Methodology, How to determine condition and much more. Side menu also gives you the link to navigate to the Droom app.

Now any automobile buyer, seller or a curious mind can come to www.orangebookvalue.com or write us at support@orangebookvalue.com and check the price for any used automobile. A seller can consider OBV pricing while creating a listing on droom platform and for that matter while selling an automobile on any platform or channel. Similarly, a buyer can refer to OBV pricing to have another reference point about the fair market value of an automobile, be it at droom or any other platform or channel.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 52K+ B2C sellers, 24K+ products, 77K+ listings, 3,955 cr+ in listed GMV, 1.91 mil+ FB Community members (highest for any automobile community in India) and over 2.66 mil+ downloads for mobile apps.

For further information, please get in touch with:

Value 360 Communications

Sahshank Sethi, shashank@value360india.com, + 91 9958196997

The latest move from Droom is aimed at making bike ownership more convenient and affordable for the aspiring Indian consumer. The campaign will be rolled out across all major cities such as Delhi/NCR, Bangalore, Pune, Mumbai, Chennai and Ahmedabad which can be accessed through Droom’s web and mobile platform.

Speaking on the campaign, Rishab Malik, Co-founder and VP, Business Development, Droom, said, “We have, through our focus on transparency, convenience and value-addition, established ourselves as the platform of choice for both buyers and sellers in the country. Our latest India’s Biggest Bike Mela is aimed at furthering our brand proposition. With top-selling bike models from verified sellers available to buyers at highly cost-effective prices, we are confident that the campaign will be a major hit with the Indian consumer looking to fulfil their bike ownership requirements.”

Hot deals and discounts available on select bike models make Droom’s IBBM an opportunity that should not be missed for Indian bike enthusiasts. So what are you waiting for? Log onto www.droom.in or open the Droom mobile app to browse through the widest collection of bikes on sale!

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 52K+ B2C sellers, 24K+ products, 77K+ listings, 3,955 cr+ in listed GMV, 1.91 mil+ FB Community members (highest for any automobile community in India) and over 2.66 mil+ downloads for mobile apps.

For further information, please get in touch with:

Value 360 Communications

Sahshank Sethi, shashank@value360india.com, + 91 9958196997

The Scooter Looter Sale from Droom can be accessed through its web and mobile platform, and will be available to users in cities such as Delhi/NCR, Bangalore, Pune, Hyderabad, Mumbai, Chennai, Jaipur and Ahmedabad. More than 3000 plus pre-owned scooters from top-selling models such as Honda Activa, Suzuki Suzuki Access, Hero Maestro, Honda Aviator Honda Dio, TVS Jupiter and TVS Wego will be available under the sale.

Speaking on the deal, Rishab Malik, Co-founder and VP, Business Development, Droom, said, “There is a growing demand for scooters from the Indian consumer, which is why we come up again with Scooter Looter Sale focusing on the top cities across India. By making quality-assured and verified pre-loved scooters available to our users at the lowest possible price, we are confident that we will delight automobile enthusiasts again by providing a wonderful opportunity to meet their scooter ownership requirements.”

With up to INR 11000 off on select models, Droom is offering jaw-dropping discounts to make scooter ownership a tangible reality for auto enthusiasts across the country. So what are you waiting for? Visit www.droom.in/scooterlooter today to check out these hard-to- miss deals and become the proud owner of your own set of wheels!

About Droom

Founded in April 2014 in Silicon Valley, droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to build trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 57K+ B2C sellers, 25K products, 88K+ listings, Rs. 4,102 Crores+ in listed GMV, 2.13 Mil+ FB Community members (highest for any automobile community in India) and over 2.80Mn+ downloads for mobile apps.

For further information, please get in touch with:

Value 360 Communications

Sahshank Sethi, shashank@value360india.com, + 91 9958196997

The launch of the Monsoon Package from Droom will be music to the ears of car owners in the select cities, who will be able to avail maintenance facilities at an extremely cost-effective price. So be it headlight focussing, beam adjustment, wiper blade check & adjustment, air filter check & cleaning, battery check, mud flap check & alignment, self-start & other electrical checks, or a complete shampoo wash and polish, users will have access to a diverse array of maintenance services for their prized possessions.

Speaking on the announcement, Spokesperson, Sandeep Aggarwal, Founder and CEO, Droom, said, “While monsoons no doubt bring in some much-needed relief from the heat, there are also inevitable vehicle issues that arise during the season. With our latest Monsoon Package, we are looking to help car owners take care of these issues even before they crop up. The offer underlines Droom’s commitment to deliver the best automobile-related services to our users. We are confident that they will welcome our effort to make car ownership much more convenient and value-efficient for them.”

The offer, which is currently live on Droom’s web and app platforms, is scheduled to run till September 15. So what are you waiting for? Download the Droom app today, or visit www.droom.in to ease your car ownership hassles with fantastic packages and discounts on regular maintenance.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 47K+ B2C sellers, 23.6K products, 57K+ listings, Rs. 2,326 Crores+ in listed GMV, 1.74 Mn+ FB Community members (highest for any automobile community in India) and over 2.47Mn+ downloads for mobile apps.

Media Contact

Sahshank Sethi, shashank@popkorncommunications.in, + 91 9958196997

More than 2800 pre-owned scooters from leading two-wheeler manufacturers such as Honda, Suzuki, Hero and TVS will be available for sale at jaw-dropping prices under Droom’s Scooter Looter Sale. The sale will be open to users from over 30 cities across India including major markets such as Delhi/NCR, Pune, Bangalore, Mumbai, Ahmedabad, Jaipur and Chennai.

Speaking on the launch, Sandeep Aggarwal, Founder & CEO, Droom, said, “Scooters are one of the most popular options when it comes to travelling within the city owing to their convenience and comfort. With our latest Scooter Looter Sale, we are providing all aspiring scooter owners a chance to buy verified and inspected vehicles at the lowest available price. We are confident that the Scooter Looter Sale will delight our users and will see consumers from across the country benefit from the diversity of options available on our platform.”

With some special discounts on top selling models such as INR 11000 off on Honda Activa, INR 9000 off on Suzuki Suzuki Access, Hero Maestro and Honda Dio and INR 8000 off on TVS Jupiter,Honda Aviator and TVS Wego, Droom is making scooter ownership extremely affordable and convenient for enthusiasts across the country. So what are you waiting for? Visit www.droom.in/scooterlooter today to check out these hard-to-miss deals and become the proud owner of your own set of wheels!

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is among the fastest growing consumer Internet companies in India with 52K+ B2C sellers, 24K+ products, 77K+ listings, 3,955 cr+ in listed GMV, 1.91 mil+ FB Community members (highest for any automobile community in India) and over 2.66 mil+ downloads for mobile apps.

The Road Side Assistance offer can be purchased exclusively on Droom’s website, and will be applicable across locations in Delhi NCR viz., Delhi, Noida, Ghaziabad, Gurgaon & Faridabad. Services of One Touch Response (OTR) is accessible via the OTR mobile app (available on iOS, Android and Windows) or on call or SMS.

Under the Road Side Assistance package, the customers can buy a yearly subscription for Rs. 1499. The subscriber can extend this service to one of his family members for free. The subscribers can avail the services 24X7 for situations like road rage, accidents, stranded without safe transport, car breakdown, stolen vehicle or accident.  Depending on the nature of emergency, OTR would also provide emergency fuel assistance, jump start, flat tyre change, key retrieval, tow truck and mechanic provision, on-call cab service, ambulance by coordinating with its empaneled service partners at a negotiated fee.

Moreover, upon activation of the package, the primary user would also be eligible for Personal Accident Insurance amounting to Rs. 50,000 per annum. The subscribers would also get unlimited TrackME services (On-Demand Live Tracking & Monitoring of Personal Safety while travelling alone, at wee hours or through unsafe locations).

Talking about the association, Sandeep Aggarwal, Founder & CEO, Droom commented, “Utilising our disruptive mobile-first approach, we have firmly established ourselves as a forerunner in the online automobile segment in India. This latest collaboration with Onetouch increases the bandwidth of our product offerings and aids us in providing more tech-driven automotive solutions for our consumers. We believe One Touch Response’s unparalleled on-ground assistance services, wide network, and ease of accessibility of the services will be of great value to our customers.”

Arvind Khanna, Founder, One Touch Response says, “We are delighted to be in an exclusive partnership with Droom and make our services available to their customers.

Droom has revolutionized the automobile market in India and I am confident that our joint offering through this tie-up will be valued by their customers and bring further traction to both OTR and Droom.”

Immediate on-call assistance is available within seconds of a user raising an alarm. While the Incident Managers at the OTR Command & Control Centre are hand holding the user during the crisis over the phone, OTR’s on-ground physical support teams called Immediate Assistance Teams (IATs) are alerted to reach the subscriber within minutes. IATs then remain with the user till the emergency is resolved. Depending on the nature of the emergency, OTR’s extensive database of emergency service providers enables it to address all sorts of emergencies in a swift and responsible manner. 

ABOUT ONE TOUCH RESPONSE

India’s 1st On demand Safety and Immediate Assistance Service

- On Call in Seconds - With you in Minutes, 24 X 7.

One Touch Response is a technology led company that provides on demand safety and assistance services to users in India. One Touch Response provides First Response and Immediate Assistance Services to its customers whenever they are faced with any real life situation involving personal safety or situations where they require assistance.

OTR’s service offerings are:

• One point contact for any situation which requires safety, protection or assistance, be it – being stranded alone, physical threats, stalking, accidents, road rage, fire, medical situations, car trouble, etc. on the Road or at home/office.
• Dedicated Mobile App for easy and simple access to the service. Automatically tracks and dials the Command & Control Centre while simultaneously sending out an alert with GPS coordinates to the nearest Immediate Assistance Teams. It also alerts your family members automatically.
• 24X7 Command & Control Centre for safety tracking and immediate on call assistance and guidance.
• On-ground Immediate Assistance Teams - verified, professionally trained responders stationed strategically across NCR (Delhi, Noida & Gurgaon).
• Coordination with the nearest external resources i.e. Police, Ambulance Service, Medical Services, Fire, Car Mechanics, Handymen, etc. depending upon the nature of the emergency.
• TrackME service, where we provide regular check in calls to update/ ensure your well-being, ideal for women, when they are travelling alone at odd hours

More information on OTR is available at www.onetouchresponse.com

About Droom:

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop. 

Droom is amongst the fastest growing consumer Internet companies in India with 47K+ B2C sellers, 23.6K products, 57K+ listings, Rs. 2,326 Crores+ in listed GMV, 1.74 Mn+ FB Community members (highest for any automobile community in India) and over 2.47Mn+ downloads for mobile apps.

OnePlus is holding a first-of-its-kind smartphone auction of its latest flagship device OnePlus 3 where fans will get a chance to bid on the Droom platform to win five OnePlus 3 smartphones even before it goes on sale on Amazon.in on June 15th, 12:30AM. Moreover, the entire proceeds from the auction will go to the charity chosen by the OnePlus community through voting on OnePlus Forums.

Elaborating on the concept behind the auction Vikas Agarwal, General Manager, India at OnePlus said, “We are excited by the response from the OnePlus community to our latest flagship. Through this unique smartphone auction, we want to offer our loyal fans an opportunity to get their hands on the first few OnePlus 3 smartphones in the country, even before it goes on sale while also contributing to the society.”

Sandeep Aggarwal, Founder & CEO, Droom, said, “Droom has posted exponential growth in platform traffic and GMV driven owing to its disruptive business approach and consumer connect. The strategic partnership with OnePlus for the launch of their latest product underlines our brand position as the leading online automobile transactional marketplace in the country. We are confident that this first-of-a-kind auction will help in popularising smartphones within the country and will grant aspiring owners a unique chance to win OnePlus 3 smartphones much before their commercial launch through our platform!”

This auction goes live from June 9^th, 4 PM to June 12^th, 3:59:59 PM and the top five highest individual bidders for the OnePlus 3 smartphones will end up owning the “first-ever OnePlus 3s in India” along with a surprise element attached to the phone, which OnePlus will reveal at the time of handing over the handsets to the winners.

Following is a step-by-step guide for fans wishing to participate at the auction:

• Bidders need to head over to the Droom website to participate in the auction
• Registration is mandatory for eligibility as bidders will need to login to the portal
• Bidding will commence from Rupee 1, with no cap on the final amount for bids
• Every bid increases the price of the OnePlus 3 smartphone by Rupees 5
• Auction goes live from June 9^th, 4 PM to June 12^th, 3:59:59 PM
• A live leaderboard on the product page will be provided to showcase the top 10 bids in real time
• The top 5 bidders will be sent a link to purchase the phones they bid for, immediately after the auction closes
• The phones will be delivered after the global launch scheduled on June 14th

About OnePlus

OnePlus is a global startup challenging conventional concepts of technology. Created around the “Never Settle” mantra, OnePlus creates exquisitely designed devices with premium build quality and high performance hardware. OnePlus thrives on cultivating strong bonds and growing together with its community of users and fans. For more information, please visit www.oneplus.net/in

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 47K+ B2C sellers, 23.6K products, 57K+ listings, Rs. 2,326 Crores+ in listed GMV, 1.74 Mn+ FB Community members (highest for any automobile community in India) and over 2.47Mn+ downloads for mobile apps.

Droom with a presence in 142 cities has the largest reach in the hyper-local category in India and will use the fresh funding to further grow in the local markets and expand presence across international geographies. The latest round will see the Gurgaon headquartered company use the proceeds to create a larger sales team, adding more business lines, boosting its technology platform with a focus on creating a richer consumer experience.

Speaking on the development, Sandeep Aggarwal, Founder & CEO, Droom, said, “We have been witnessing tremendous growth over the past 16 months in terms of adoption by sellers, number of categories and listings, geographical presence in 142 cities across in India, and GMV/transactions. Droom is permanently changing how automobiles should be bought and sold online by creating tools for 21^st century for trust, transparency, pricing and convenience. We are very delighted that BEENEXT and Digital Garage have liked Droom journey so far and the future potential and decided to lead the round.”

Speaking on the occasion, Teruhide Sato, Founder and managing partner, BEENEXT said, “Droom has swiftly established its leadership position as the premium digital marketplace to buy and sell automobiles in India. Sandeep is an exceptional founder and his vision, grip on marketplaces and ability to drive innovations are second to none. We supported him and Droom fairly early on and have seen tremendous growth and disruption Droom has brought to the market.”

Adding to the same, Kaoru Hayashi, President and Group CEO, Digital Garage, added, “What Sandeep and the entire team at Droom have been able to do in such a short span of time is extremely impressive and is the main reason why we have handpicked Droom for investment. We are confident that our investment, coupled with its differentiated approach and disruptive business model, will continue driving its spectacular growth trajectory in the future as well.”

Through the funding and the ongoing support of investors, Droom, aims to cement their position in India as the ultimate automobile marketplace. To materialize this, the company will also see an infusion of funds towards marketing, business development, customer acquisition (operations) and new category expansions.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 47K+ B2C sellers, 23.6K products, 57K+ listings, Rs. 2,326 Crores+ in listed GMV, 1.74Mn+ FB Community members (highest for any automobile community in India) and over 2.47Mn+ downloads for mobile apps.

About BEENEXT:

BEENEXT (www.beenext.com) is a Singapore-based venture capital firm created by Teruhide (Teru) Sato, Dirk van Quaquebeke, and Hiro Maeda. With a mission to be “a partnership of the founders, by the founders, for the founders,” BEENEXT is supporting entrepreneurs in India, Southeast Asia, Japan, and USA.

About Digital Garage:

Digital Garage (http://www.garage.co.jp/en) is an innovative cutting edge Japanese tech company. For nearly 20 years, it continues to provide new contexts by implementing its three core business globally: Digital Marketing, Start-up Incubation and Internet Payment Business. It has led the internet revolution in Japan by making alliances with top IT companies like Twitter, Betaworks and Wikia then bring their businesses into Japanese market. Digital Garage also runs Open Network Lab (Onlab), one of the most successful startup incubators in Asia.

With 46k+ B2C sellers, 56k+ listings and INR 2,168 crore+ in listed GMV, the latest initiative by Droom is aimed at celebrating its spectacular success as one of the fastest growing consumer Internet companies in the Indian automobile industry. The move will also delight the country’s auto aficionados, who now have a chance to Droom away on a brand new vehicle every month for as low as INR 99!

Speaking on the initiative, Sandeep Aggarwal, Founder & CEO, Droom, said, “Droom was established to transform the experience of buying, selling and owning an automobile, making it simpler and more convenient for the country’s consumer. By rolling out our ‘Nail Biting Deal’, we are thanking our users for their support and giving them an opportunity to make the most of our jaw-dropping deals. We are confident that the initiative will provide a highly engaging channel for aspiring owners to fulfil their vehicular requirements.”

To participate in this month’s event, participants will have to log onto Facebook and visit Droom’s page on May 13 between 11 AM and 6 PM. The auction will start at INR 99, while users can use the ‘Bid Now’ call-to-action button to increase the last price by INR 1. A minimum of 25 bids will be required to qualify for winning the auction, with the highest bidder taking home a brand new Honda Activa. Droom will announce the winner through its Facebook page shortly after the conclusion of the event. So come and be part of an auction that promises a nail-biting finish. Visit Droom today and get a chance to be eligible for a once-in-a-lifetime offer!

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 44K+ B2C sellers, 25K+ products, 56K+ listings, Rs. 2168 Crores+ in listed GMV, 1.64 Mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Once more highlighting its differentiated, consumer-centric approach, Droom, India’s pioneering online automobile transactional marketplace, has recently announced the launch of its ‘Services & Repairs’ category. The latest move is meant to facilitate more convenient, cost-effective and accessible vehicle servicing to customers seeking for quick and reliable automobile repairs.

Droom’s ‘Services & Repairs’ category will have three product types for consumers to choose from – Express Service & Maintenance, Standard Service and Extensive Service. While the Express Service will have features like Extensive Vehicle Inspection, Wheel Balancing, Wash & Polish, Minor Repairs and Battery Water (top-up), Standard and Extensive services include in-depth vehicle servicing that involves Consumable replacement, Engine Oil Filter replacement, Engine Oil replacement and Brake Fluid replacement. The prices range from INR 350 to INR 18000 for different services, and come inclusive of labour charges.

Speaking on the announcement, Sandeep Aggarwal, Founder and CEO, Droom, said, “Industry reports predict that nearly 80% people don’t get their vehicles serviced from branded service centres once the free service expires due to higher costs, time crunches and a dearth of quality servicing facilities. The launch of our ‘Services & Repair’ category will enable better savings on costs without compromising on the quality of service for our users. We are initially rolling it out in metropolitan cities, with a view of expanding the service in more cities in due time.”

Droom has partnered with leading vehicle servicing vendors such as Cartisan, Pitstop, Carpathy and Garagely to enable its latest category, and is targeting service fulfilment within 2-4 hours once a customer makes an online booking. The category, which is currently live in the cities of Mumbai, Delhi-NCR and Bangalore, will allow Droom users to improve the performance and longevity of their vehicles and reap the benefits of enhanced fuel efficiency and reduced maintenance costs.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 44K+ B2C sellers, 25K+ products, 56K+ listings, Rs. 2168 Crores+ in listed GMV, 1.64Mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Till date, Droom has had an astounding 100% success rate, correctly predicting four out of four match results. Droom's Full Circle Trust Score for cricket is based on the teams’ and players’ performance on more than 106 metrics, and is evolving with the community’s inputs to crowdsource a genuine predictor of real world trust and performance for IPL matches. The company has already used a similar approach for determining the Full Circle Trust Score for pre-owned vehicles listed on its platform.

Speaking on the announcement, Sandeep Aggarwal, CEO & Founder, Droom, said, “We Indians love our cricket, and at Droom we felt this was a great opportunity to marry our scientific temper with the nation's passion. The Full Circle Trust Score algorithm that we developed for the #CricDrift campaign has been amazingly accurate so far and along with our 1.6 million Facebook fans, we are as curious to see how closely we can predict real world performance like we have done for pre-owned vehicles."

The #CricDrift campaign, which is already live on Facebook, is actively engaging the cricket crazy population of the country, who are welcoming the addition of such an innovative, interactive social engagement forum dedicated specifically to cricket. It's a great example of guerilla marketing where brands go beyond traditional advertising to attain conventional goals using unconventional means.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 10k+ listings, Rs500 crores+ in listed GMV, 1 mn+ FB Community members (highest for any automobile community in India) and over 1 mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Droom is the first and only group in the world to champion the cause of vehicle rights and equal opportunity for vehicles. Through this initiative, the brand will deliver a strong message to educate policymakers and the public about this highly sensitive issue and raise awareness and understanding about the rights of all vehicles. The government is also being petitioned to set up a commission to set guidelines for, and to oversee, use of vehicles by the entertainment industry.

Speaking on the initiative, Sandeep Aggarwal, Founder & CEO, Droom, said, “All vehicles are created equal and must be treated so. Vehicles have been our best friends. They are always there for us, whether it is taking you to your first date, keeping the secret of your first kiss, winning those bike races within your neighbourhood or creating memories with friends. It is high time we realise the importance of treating all vehicles with respect. With people talking and discussing these issues, there is a greater chance that governments, movie directors, vehicle owners and other decision-makers will listen.”

To support the movement, Droom has integrated an Emergency S.O.V. button in the Droom mobile app, which can be used by vigilant citizens across India to report any vehicle abuse they come across along with images & videos of the act. Once the concern is raised, Save Our Vehicles taskforce members will reach the spot using geo-location to ensure justice for the vehicles in question. The taskforce can also be reached at 024-61024010 or #SaveOurVehicles #Droom. So if you are a conscientious car owner or even just a concerned enthusiast, join the movement and add your voice with a growing community of car lovers.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 10k+ listings, Rs500 crores+ in listed GMV, 1 mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Available on the Google Play Store, the ECO app will enable sellers to schedule comprehensive automobile inspections from highly trained and certified professionals – called Ninjas – through its platform. The ECO Ninja then performs an auto inspection using Droom’s proprietary methodology and covers an exhaustive list of all the important points in a vehicle to generate a comprehensive auto inspection report. This digital report will be made available to the buyers while viewing the vehicle, empowering them with the knowledge to make the most informed decisions. Droom’s partnership with Carnation will also allow ECO users access to Carnation’s extensive network of workshops and skilled technicians.

Speaking on the launch, Sandeep Agarwal, CEO and Founder, Droom, said, “Unlike US, Western Europe and Japan, India is low trust market in general and buyers for used automobiles suffer from information asymmetry and moral hazard. In India, buying a used automobile is full of pain points, hassles and pitfall. With Eco launch, Droom has deepened its commitment to increase trust and transparency for used automobile transactions in India. Eco is India’s most scientific, comprehensive objective and unbiased automobile inspection and verification service. We are very excited to have Carnation as our partner for Eco as it is very complementary with Carnation experts around the nation now using the most scientific and powerful tool to protect buyers’ interest."

In his acknowledgement to the ECO initiative and Carnation’s partnership with Droom, Jagdish Khattar, Managing Director, Carnation Auto present at the launch said, “The used car sales continue to grow exponentially in India. The ECO app has the potential to reduce information asymmetry in pre - owned cars transactions. Carnation being the leader in the Car Inspection space, is extremely excited about partnering with Droom to power ECO for its launch across India. Together we will take selling and buying of used cars to the next level. This concept will leverage Technology to empower the automobile technicians and certification engineers- the real heroes of Make In India.”

Droom’s latest move is being welcomed by the automobile technicians as well, who will leverage the ECO app as a channel to increase their consumer outreach and visibility. With a simple on-boarding process that requires a basic understanding of English, a smart device, technical skills and the mobility to travel from one place to another, technicians can become ECO certified Ninjas through the tutorials on the app and make earnings of upto Rs. 30,000 per month.

To learn more about Eco visit: droom.in/eco or download the app at: https://play.google.com/store/apps/details?id=in.droom.eco

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 10k+ listings, Rs500 crores+ in listed GMV, 1 mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

About Carnation Auto:

Carnation Auto, an initiative by Mr. Jagdish Khattar, ex-Maruti man, visionary entrepreneur is India’s largest independent aftermarket automobile sales and service network. Carnation offers state-of-art infrastructure for car servicing and other car related solutions like insurance, accessories, Car Inspection and pre owned certified cars. The huge Carnation network spreads across the country aims to enhance the overall experience of owning a car.

Carnation Auto was launched in October 2008 and some of the important milestones accomplished during the journey include setting up of 24 operational auto solutions hubs across 16 cities. Carnation Auto has 15 Pre-Owned Car Showrooms and Car Inspection solutions across 38 cities. Some of the esteemed investors of Carnation Auto include Premji Invests, IFCI Ventures, and Gaja Capital.

For further information, please visit www.carnation.in

As a part of its sponsorship duties, Droom will be selling a Bike Bingo ticket online, which will grant ticket holders a chance to win Akaalya, an IBW custom Bullet bike. The brand will also set up its ‘Droom Moto Mart’, which will act as a platform for IBW guests to showcase and sell their bikes under a completely non-commissionable deal. All bikers in the IBW community can also list their bikes on Droom’s website for free, while all ticket buyers will receives goodies such as key chains, sunglasses etc from Droom.

Speaking on the participation, Rishab Malik, Co-founder and VP of Business Development, Droom, commented, “Given the passion and the zest that it entails, the Indian Bike Week is the place to be for bike fans throughout the country. As the country’s leading automobile transactional marketplace, we are proud to be participating in the event and are confident of seeing an impressive response from the bikers. India Bike Week is the premier event for bikers and bike manufacturers. It manifests as the Auto Expo for bikes which is much needed in India given the rapid expansion of the two wheeler industry.”

Currently in its fourth year, The India Bike Week is the biggest biker carnival in the country. The event, which is expected to be attended by bike enthusiasts from across India, will see several prominent names in the Indian biking community taking part in it. In addition to Droom, other major event participants include names like Triumph, DSK-Benelli and Ducati.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 10k+ listings, Rs500 crores+ in listed GMV, 1 mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Adding another accomplishment to its ever-expanding list of accolades, Droom, India’s pioneering online automobile transactional marketplace, recently announced the extension of its services to more than 100 cities across India. While the latest achievement in itself is commendable, the fact that the expansion came close to the first anniversary of Droom’s operational launch makes it all the more remarkable.

Having disrupted the online automobile segment in the country, Droom has been growing at a breakneck speed since its operational launch in January 2015. The company currently has more than 26000 sellers and 90000+ listings on its platform, while the listed GMV at present amounts to more than INR 1000 crore. In comparison, Droom’s platform in January 2015 had only 20 sellers, 200 listings and a listed GMV of INR 10 crore.

Speaking on the achievement, Sandeep Aggarwal, Founder & CEO, Droom, commented, “Ever since the launch of our operations in India, Droom has been breaking growth records owing to its tech-driven disruptive business model and a consumer-centric, trusted brand proposition. The numbers highlight the high regard in which both our buyers as well as sellers hold us in and give a big boost to our efforts to provide them with the best online automobile marketplace experience. Having expanded in 100 cities, we will be looking to add even more value to our services and keep up the high standards that we have set so far.”

But Droom is not taking its foot off the gas just yet. Having launched its services in the 100th city, the company, which is at present operating on an annualised run rate (ARR) of INR 425 crore, is expecting to cross INR 2000 crore in ARR by December 2016.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 26k+ B2C sellers, 25k+ products, 90k+ listings, Rs1,000 crores+ in listed GMV, 1.4 mn+ FB Community members (highest for any automobile community in India) and over 1.4mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Speaking on the achievement, Sandeep Aggarwal, Founder & CEO, Droom, commented, “Droom was founded as a platform to address the broken online automobile transactional experience in India. At Droom we are obsessive about building trust, pricing, convenience and transparency tools and build unmatchable selection so that buyers and seller can transact used automobiles without anxiety or hesitation. The fact that Droom has defied all industry expectations might come as a surprise to many, but a lot of hard work and effort was put during the conceptualisation phase that has now culminated in a strong adoption of our platform and hyper growth in gross/net revenue. We have carefully planned every step of our growth story – from the addition of newer categories and better seller tools to expansion and scaling up of operations into new geographies. The performance chart for Droom’s first year is just a stepping stone that will help us propel in achieving even bigger success in years to come.”

While the GMV was a major point in Droom’s growth, its performance in other key metrics also highlighted its impressive performance as the fastest growing company in India. Droom’s seller listings rose from little over 2,000 in January 2015 to 90,000+ in December 2015, while it saw more than 1,500 orders placed through its platform by December as compared to 7 orders placed in January. Moreover, more than 1.4 million Droom apps were downloaded in 2015, and played a key role in Droom crossing 2.1 million page views in December 2015. During the same time Droom also saw its Facebook community to go up from 100k to 1.35 million by end of December 2015, making Droom the largest automobile focused community on Facebook in India.

Released on the occasion of completion of one year of its operational launch, the performance chart perfectly encapsulates the impact Droom has made on the Indian online automobile industry. Owing to its disruptive, consumer-centric business approach and value-driven seller tools, it has seen a massive adoption of its offerings, both amongst buyers as well as sellers. The company currently has 25000+ pro-sellers on its platform, while its service network is present in 96 cities across India.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first and only online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 24k+ B2C sellers, 25k+ products, 90k+ listings, Rs1,000 crores+ in listed GMV, 1.3 mn+ FB Community members (highest for any automobile community in India) and over 1.3mn+ downloads for mobile apps.

Droom has raised over INR 100 crores in venture funding and is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 130 in its offices in Gurgaon (India) and Silicon Valley (USA).

Used automobile market in India is full of uncertainties and pricing mechanism is often ambiguous, subjective and dependant on the seller’s discretion. Unlike a ‘new’ vehicle that comes with a standard price, the pricing of a pre-owned vehicle always varies depending on parameters like condition, kilometres driven etc. Orange Book Value is aimed to provide fair valuation of any vehicle.

Speaking on the launch of this feature Sandeep Aggarwal, Founder and CEO, Droom said," We are really excited that with Orange Book Value, we are launching India’s first algorithmic pricing engine to calculate the fair market value of OBV. Right valuation of a pre-owned vehicle has always been a difficult task for both buyers and sellers and with OBV we have tried to address and solve this problem. We have developed OBV with a long term vision of making it the most trusted valuation guide for automobiles, be it cycle, bike, car or even plane. Droom is technology and data science driven company and with our innovative and disruptive marketplace approach, we build trust, pricing, transparency and convenience advantages in a unique way for buyers and sellers for used automobiles. Launch of this feature is a step towards this commitment to our users."

Now any automobile buyer, seller or a curious mind can come to www.droom.in/obv and check the price for any used automobile. A seller can consider OBV pricing while creating a listing on droom platform and for that matter while selling an automobile on any platform or channel. Similarly, a buyer can refer to OBV pricing to have another reference point about the fair market value of an automobile, be it at droom or any other platform or channel. Like droom, the marketplace, OBV is also category agnostic and one can find the fair valuation of any automobile from bike to plane.

Droom has witnessed a rapid expansion since its public launch in January 2015 and has grown over 500 times during this period. The company also raised Rs 100 crore in July this year on a Series A funding round raised by Lightbox.

To learn more about Orange Book Value (OBV), please visit www.droom.in/obv

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 19k+ B2C sellers, 25k+ products, 18k+ listings, Rs 675 crores+ in listed GMV, 1.23 Mil.+ FB Community members (highest for any automobile community in India) and over 1.2 Mil.+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

The company has grown exponentially in the past one year and has already scaled up its operations since its public launch in January 2015 and currently has more than 10,000 listings and over Rs 500 crores in listed GMV. To keep up with its rapid growth and future expansion, Droom will be recruiting talent across departments including technology, marketing, product management, category management and customer support. The company will also beef up its special vertical called ‘Droom Assist’ where experts help customers in making their buying decisions as per the desired requirements such as budget, technical specifications etc , thus making vehicle hunting a personalized experience for users.

Speaking on the announcement, Sandeep Aggarwal, Founder & CEO, Droom, commented, “Droom has seen remarkable growth owing to its disruptive tech-driven platform and value-for-money business proposition. We are now looking to expand our talent pool at Droom by bringing in fresh crop of passionate individuals at the threshold of their professional journeys. Apart from the fresh talent, we are also looking at hiring middle and senior levels across departments. ” Further adding about the culture at Droom, he said, “At Droom, we highly value passion, energy and sense of ownership and look for people who possess these values. Since we follow Silicon Valley culture to the core this makes us a very informal, autonomous, non-hierarchical and transparent organization with zero tolerance towards work politics.“

The company, which has 120 employees as of now, is recruiting from top institutes like Delhi School of Economics, Delhi College of Engineering, IIM-Shillong, IIM-Udaipur and Indian Institute of Foreign Trade among others. With a long-term goal to establish itself as an industry leader globally, Droom has already speeded-up its expansion across India with presence in nearly 70 cities and is now eyeing its expansion to South East Asia market by early 2016.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 12k+ listings, Rs500 crores+ in listed GMV, 1 Mil.+ FB Community members (highest for any automobile community in India) and over 1 Mil.+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Bikes bought at Droom’s Bike Mela come with a 6-month comprehensive warranty and free 1-year road side assistance. With flat discounts of up to INR 15,000 and gift couponsranging from INR 2,000 to INR 4,000 from ShopClues, India’s first and largest managed marketplace,the campaign serves to highlight Droom’s value-for-money brand promise for its users.

Speaking on the event, Sandeep Aggarwal, Founder & CEO, Droom, said, “Value-driven offerings have been a core element around which our business modelhas been established. Through this flash Bike Mela, we are offering our consumers an opportunity to fulfill their two-wheeler requirements while at the sametime giving our valued sellers a chance to maximise their business opportunities. We have received tremendous buyer response to our previous Bike Melas, and are therefore confident that this latest offering will be bigger, better and much more successful with our users. Moreover our data driven approach and advanced technology tools on the platform will give our users a seamless buying experience.”

As one ofIndia’s biggest events of its kind till date, Droom’s latest Bike Mela promises to be a mega event for all bike lovers. With hot deals on all major motorbike brands, this flash sale is sure checking all the right boxes with Droom’s consumers!

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 12k+ listings, Rs500 crores+ in listed GMV, 1 Mil.+ FB Community members (highest for any automobile community in India) and over 1 Mil.+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Hailed as the economic capital of India, the Mumbai Metropolitan Area has more than2crore individuals currently residing in its districts and has one of the highest per capita vehicle availability in the country. With hundreds of sellers already active from Maharashtra, Droom will be looking to make most of the unparalleled business proposition the region offers and expand its service networkto other parts of the state.Speaking on the announcement Co-founder & VP of Business Development at DroomRishab Malik, said, “Our innovative and disruptive marketplace approach coupled with the advanced technology tools that we have built will empower sellers in the state to sell more automobiles online through Droom, simultaneously buyers will benefit from our data driven approach, pricing advantages and transparency.We strongly believe in building trust and mitigating information asymmetry so that buying and selling becomes a smoother process online.”

Droom’s entry into the state will providedealers in the region with an unparalleled opportunity to leverage its disruptive market approach to boost business. The brand has also tied up with various premium car dealers such as Excel Cars and organised pre-owned car dealers likeCarKing already present in Mumbai to ensure high-quality service delivery.

Droom has recently announced its entry in Punjab market and with its expansion to Mumbai, Pune, Nasik and Thane the platform will now be present in close to 70 cities across the country. The company has also raisedRs 100 crores in July this year in Series A funding led by Lightbox.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 10k+ listings, Rs500 crores+ in listed GMV, 1 mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

The company is all set to launch is brand marketing campaign soon which will be spread across TV, print, outdoor and online formats. The mandate for creative duties was bagged by Contract Advertising on the basis of its credentials and the recent work put out by the agency. Contract will be taking care of creative duties across formats including TV, print and digital. Equinox will be responsible for media buying for the company.

On awarding of the creative and media buying mandates, Sandeep Aggarwal, Founder and CEO, Droom said,” We were very impressed by the works of both agencies have done for new age companies and hence we decided to go forward and make them our partners in brand building. Droom has built a highly innovative platform to solve buyer and seller pain points in buying and selling used automobiles and we are ready to showcase this 21st century online experience to mass audiences now.”

Droom has in a short span grown rapidly and now boasts of Rs 500 + crore of listed GMV with a presence in over 60 cities. With its steep growth pace, the brand is also doubling its marketing efforts and will soon be out with an aggressive marketing campaign.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 10k+ listings, Rs500 crores+ in listed GMV, 1 mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Sharing the news of Droom’s foray into Punjab, Rishab Malik, Co-founder & VP of Business Development, Droom said, “We are extremely excited to announce Droom’s entry into the Punjab market. Over the last one year, we have rapidly scaled up our operations and increased our presence to over 60 cities in India now. The Punjab market is one of the most important markets for us and we are confident that through our platform we will be able to revolutionise the way people buy and sell automobiles here. Considering that Chandigarh and Ludhiana markets are the major auto hubs in the state, we will be initially focusing on these two centres and will gradually expand to other cities in the region.”

“At Droom, we try to make the process of buying and selling automobiles as smooth and as transparent as possible. We understand the apprehensions of an individual while buying an automobile whether it is used or new and this is what we have tried to address through our platform while providing them access to fully verified sellers and dealers along with convenience and complete trust.”, he further added.

Droom is the only dedicated marketplace for automobiles and automobile services in India. The platform not only boasts of products like bikes, scooters, cars and aeroplanes but also has vintage automobiles, premium cars and superbikes segments. With listed GMV of over 500 crores, the company is looking at fast paced expansion across the country. Besides giving access to users to a wide range of automobiles, Droom also helps them with consultation services through ‘Droom Assist’, a special vertical that provides expert advice and suggestions to people looking to buy an automobile with any specific requirements and parameters in mind.

The company has recently raised Rs 100 crores in Series A funding led by Lightbox and was founded in April 2014 in Silicon Valley. Droom has both mobile app and desktop versions and has a presence on Android and iOS platforms.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 15k+ B2C sellers, 25k+ products, 10k+ listings, Rs500 crores+ in listed GMV, 1 mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

With this new marketplace format, Droom now offers C2C, B2C and C2B format. Droom’s sellers upload a quick listing of their vehicles, receive offers from interesting buyers and accept the most feasible option to sell it online.

By paying a flat fee of INR 199, customers can activate their Quicksell listing and upload details such as make, model, year, trim/ variant, location, intended period to sell, a short description and photographs of the vehicle. Droom’s pricing engine will also give pricing suggestions to the customers based on the details input. Once activated by a customer, the listing will be visible to all used car dealers in Droom’s network. These dealers, called Pro-Sellers, can then give a quotation to the customer, who can choose to either accept or reject the request based on the feasibility. Once a bid is accepted, the dealer would have to make a guarantee payment to confirm the transaction, which would then close the offer to any other dealer.

Speaking on the announcement, Sandeep Aggarwal, Founder and CEO, Droom said, “It is our earnest endeavour to provide utmost convenience to our existing and prospective consumers. With announcing Quicksell we are taking our services to the next level and emerging as a one stop solution provider. Being India’s first C2B marketplace, Quicksell will intelligently support the consumers and guide through the transactions. This is a step ahead in revolutionising India’s interaction with the Automobile sector and redefining approachability for them.”

Leveraging the unparalleled reach Droom’s platform provides in the Indian market, Quicksell will ensure that sellers looking to dispose off their automobiles in a hurry get an adequate recompense for their vehicles while also delivering an efficient resolution to their selling requirements.

To try out the new feature log onto - https://droom.my/quicksell

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21stcentury experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 11k+ B2C sellers, 16k+ products, 6k+ listings, $100mil.+ in listed GMV, 900k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps. Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 95+ in its offices in Gurgaon (India) and Silicon Valley (USA).

Speaking on the announcement, Sandeep Aggarwal, Founder & CEO, Droom, commented, “as a Consumer Internet and technology company, we have been running digital marketing campaigns since the start and the marketing team at droom has done nice job rolling out our digital and performance based marketing programs. For example, in last 9 months Droom has built the largest online community for automobile at Facebook with 900k+ community size at Facebook and over 1.5mil in monthly visitors. We, now feel the time is right to leverage more traditional brand building and marketing channels. Through this creative and media pitch, we are looking out for partner agencies that can create innovative campaigns in keeping with Droom’s image to establish it as a brand that customers can relate to as an online friend.”

As an innovator in Indian online automotive space, Droom has created a strong value proposition for both buyers and sellers through its disruptive approach to building trust, pricing and selection advantages for buyers and sellers and has grown over 300 times since commencing its commercial operations in January 2015.

About Droom

"Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21stcentury experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 9k+ B2C sellers, 15k+ products, 6k+ listings, $85mil.+ in listed GMV, 700k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 85+ in its offices in Gurgaon (India) and Silicon Valley (USA)."

The venue for the meet itself was a grand affair. With a capacity of 18 individuals, CRJ100, which belongs to the Canadian manufacturer Bombardier’s business jet line, merges the best-in-class luxury and comfort with a powerful, efficient performance. By holding the event aboard the jet, Droom gave a sneak peek into all that can be expected from its latest category.

Commenting on the event, Droom’s Founder & CEO Sandeep Aggarwal said, “This partnership with JetSetGo marks Droom’s foray into the aerial vehicle segment and now our customers can buy anything from a bicycle to a plane on our platform. We have received an overwhelming response from our consumers since the launch of our aviation category and this event provided us with the perfect opportunity to share our success with our valued partners in the media industry.”

Through these two categories, Droom’s customers can now buy or rent anything on wheels, be it a cycle to a helicopter or a private jet through, Droom’s platform. While helicopters and private jets may cost upwards of 47 crores the fun rides & experiences category such as a party in the sky, a joyride with family, or a corporate getaway can range anywhere between INR 1.8 lakhs to INR 5.5 lakhs for an hour or two in the skies. The rides are an experience in themselves, allowing pictures and mementos for everyone on board.

Explaining the logic behind adding private aviation as a category on Droom’s platform, Rishab Malik, Co-founder and VP of Business Development said, “India has seen a dramatic increase in its spending power in the past few years and the country’s young, upcoming professionals are not shying away from leveraging their increased economic clout to get what they want in terms of adventure and luxury. Private aviation is the newest medium for these potential customers to express themselves, and Droom and JetSetGo are here to fulfil their private aviation requirements. The #DroomHighFlier event served as an apt platform to give voice to our vision of the aviation category and where we see it take Droom in coming days.”

Droom, which is India’s largest online automobile aggregator, is renowned for its holistic business approach and diverse service offerings. It is presently the largest online automobile marketplace in India with product offerings in 16 different automobile categories including auto services, over 10000 sellers and more than 6,000 listings.

About Droom

"Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21stcentury experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 9k+ B2C sellers, 15k+ products, 6k+ listings, $85mil.+ in listed GMV, 700k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 85+ in its offices in Gurgaon (India) and Silicon Valley (USA)."

With its disruptive mobile-first approach, Droom has been creating huge waves in the automobile industry. It is presently the largest online automobile marketplace in India with product offerings in 14 different automobile categories including auto services, over 10000 sellers and more than 6,000 listings. The addition of the aerial vehicle segment gives the company the opportunity to tap into the ever-expanding private aviation segments by utilising Jet Set Go’s resources. At Droom, you can buy and sell everything on wheels, right from bicycles to planes. Additionally, Droom is launching the fun rides & experiences category where a party in the sky, a joyride with family, or a corporate getaway can be booked across droom platforms.

Speaking on the announcement, Sandeep Aggarwal, Founder & CEO, Droom, commented, “At Droom, we have always endeavored to provide our consumers with the widest selection and choicest of offerings in the automobile segment. We endeavor to offer a truly holistic and trustworthy experience to our buyers as well as sellers. By partnering with JetSetGo and adding this new category into our list of product offerings, we are poised to leverage the growing spending power of the Indian consumers to provide them with need-based private aviation solutions.”

Kanika Tekriwal, Co-founder and CEO, JetSetGo, added, “Droom with its disruptive marketplace approach, is one of the most influential players in the Indian automobile market. What I personally love about Droom is that it caters to every segment of society, be it a scooter or a skoda or a lamborgini – Droom is the right way to droooom. What better partnership to have than by two of India’s pioneers in their respective fields. I am confident that the two company’s together will revolutionize the transportation space .”

Backed by some of the leading global venture investors, Droom is looking to further expand its operations to add 20 automobile and 12 service categories hosting over 50,000 sellers and 200k listings in the next 18-24 months. Droom’s latest round of funding, led by Lightbox, will be used to expand categories as well as geographies.

About Droom

"Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21stcentury experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 9k+ B2C sellers, 15k+ products, 6k+ listings, $85mil.+ in listed GMV, 700k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 85+ in its offices in Gurgaon (India) and Silicon Valley (USA)."

AXA Assistance is one of the largest players in the international assistance field with the widest owned service network worldwide and has an unparalleled penetration in the Indian market. With an extensive network in almost 5000 cities and towns across 654 districts in 29 States and 7 Union territories, this strategic partnership with AXA Assistance will allow Droom to provide pan-India auxiliary coverage to its consumer.

Speaking on the announcement, Sandeep Aggarwal, Founder & CEO, Droom, commented, “Utilising our disruptive mobile-first approach, we have firmly established ourselves as a forerunner in the online automobile segment in India. This latest collaboration with AXA Assistance India increases the bandwidth of our product offerings and aids us in providing more tech-driven automotive solutions for our consumers. We wish to include more services to expand our network and to our platform to make it the one stop shop for all automobile needs.”

Ms. Rachna Sethi, CEO, AXA Assistance India, added, “Specialising in pre-owned cars and luxury automobiles, Droom has truly revolutionized the automobile market in India with their innovative tech-powered online automobile solutions. We are proud to be associated with a pioneer in the industry and are confident that this partnership will benefit the Indian automobile community.”

About Droom

Droom is India’s first online marketplace for buying and selling automobiles. Founded in April 2014, Droom is a fully transactional mobile-first business, present across iOS, Android, and web platforms. You can buy automobiles on Droom – from bicycles to planes as well as well as a number of automobile listed by third party vendors. A mobile first business, it is present across iOS, Android and web platforms.

Inspired by the vision to fix the broken automobile buying and selling experience that is full of pain points and friction, Droom adopts a disruptive marketplace approach. It leverages technology and data in a way that removes impediments; enabling end-to-end automobile transactions between buyers and sellers. With a mission to make buying and selling automobiles easy, quick and trustworthy, Droom envisages aggregating the automobile sector at a scale not yet attempted by humanity.

Droom has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley alone with some of the best in breed technology companies including Microsoft, Apple and Yahoo. Droom has a team of 80+ in our offices in Gurgaon (India) and Silicon Valley (USA). Droom is funded by some of the leading global venture investors.

Droom Full Circle Trust Score will allow buyers to develop more objective assessment and comfort around the vehicles they are considering buying.

“Most of the used automobiles sold in India have their odometer tampered, many unknown issues and even known issues, which are typically not disclosed by sellers. Droom Full Circle Trust Score is the most comprehensive and scientific way to help consumers develop comfort in their buying process,” said Sandeep Aggarwal, Founder & CEO of Droom. “We have created proprietary methodology and used data science to develop this trust scoring, which can disrupt how used automobiles are bought and sold in this country”, Sandeep Aggarwal further added.

“Our Full Circle Trust Score is equally attractive for sellers who want to adopt best practices and offer nothing but the best to the buyer community. Seller listings with higher trust scores will automatically emerge as winners on Droom’s marketplace and we would like sellers to participate is these initiatives to embrace a move towards organized retail in the used automobile industry in India” said Rishab Malik, Co-founder & VP of Business Development of Droom.

Droom is India’s most versatile automobile marketplace with a wide spectrum of cars starting from popular two-wheeler bikes and Tata Nanos to Lamborghinis.

For further information visit: https://droom.my/buyer-central/full-circle-trust

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop. Droom is amongst the fastest growing consumer Internet companies in India with 9k+ B2C sellers, 15k+ products, 6k+ listings, $85mil.+ in listed GMV, 775k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 85+ in its offices in Gurgaon (India) and Silicon Valley (USA).

As a disruptive mobile first marketplace for automobiles, Droom operates in 13 different automobile categories including auto services with 1000 sellers and 6,000 listings. The app is available on Android, iOS and desktop and has already seen over 3000 successful transactions. With the new investment, Droom will be expanding operations to add 20 automobile and 12 service categories hosting over 50,000 sellers and 200k listings in the next 18-24 months.

Sandeep’s second venture after ShopClues, Droom was founded in April 2014. Before this, Sandeep had founded ShopClues.com, in his home in Silicon Valley in late 2010 and in August 2011 moved to India heading a team of three. In two years, Sandeep led ShopClues to be the 4th largest E-Commerce Company in India from being the 35th entrant with a highly differentiated focus on SME merchants and non-standard E-Commerce categories.

Speaking on the investment and the opportunity being addressed by Droom, Sandeep Aggarwal, Founder & CEO of Droom, said, “The automobile market in India is worth $125bn making it the third largest industry in the world with a demand for used cars spanning two wheelers to luxury cars. The current buying traditions however deliver an unsatisfactory and dubious experience devoid of regulation or a scientific approach especially when it comes to buying online. Droom offers an unparalleled advantage for buyers on trust, pricing and selection. For our sellers, we provide low transaction cost, advanced online seller tools and scalable platforms. The recent investment from Lightbox and participation by all of our existing major investors allows us to aggregate the automobile industry at a scale which has not been achieved so far by anyone.”

Sid Talwar, Partner, Lightbox said, "Droom is finally disrupting an industry where user behavior hasn’t changed since the advent of the internet in the country. The added bonus for us is that we have worked with Sandeep in the past, know what he’s capable of building, and so excited to be along for another ride!”

Teruhide Sato, Founder of BEENOS said, “We have been observing the way this young venture has been leading from the front and believe that it has the requisite vision and execution in place to offer a world class online automobile experience for buyers and sellers. Our association with Sandeep goes back to the time he found ShopClues and with his rich background, we can easily see him take Droom to the next level.”

Droom is India’s most comprehensive automobile marketplace with a wide spectrum of cars starting from popular two-wheelers, bikes and Tata Nanos to Lamborghinis. With a plethora of options for consumers to choose from its inventory, Droom provides an innovative and trustworthy online shopping experience for automobile buyers.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop. Droom is amongst the fastest growing consumer Internet companies in India with 9k+ B2C sellers, 15k+ products, 6k+ listings, $85mil.+ in listed GMV, 700k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 85+ in its offices in Gurgaon (India) and Silicon Valley (USA).

About Lightbox:

Lightbox is a venture capital firm that provides early-stage funding to consumer technology companies in India. Founded by Sandeep Murthy, Sid Talwar, Prashant Mehta, Jeremy Wenokur and Sunny Rao, the VC team works closely with its founders to help build and grow their companies.

Speaking on the development, Sandeep Aggarwal, Founder & CEO of Droom said, “As India’s only consolidated online automobile marketplace, Droom has always endeavoured to provide auto-lovers with world class automobiles at the most cost-effective rates. We are thrilled to have Big Boy Toyz, which is a leading authority in India on pre-owned supercars, on board our platform. This will not only help BBT in reaching out to more customers dynamically, but will also augment our already superlative collection with the choicest pre-owned automobiles.”

Droom is India’s most versatile automobile marketplace with a wide spectrum of cars starting from popular two-wheeler bikes and Tata Nanos to Lamborghinis.

To know more about this association please log onto –

https://droom.my/search?status=active&seller_id=444261

About Droom

"Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21stcentury experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 9k+ B2C sellers, 15k+ products, 6k+ listings, $85mil.+ in listed GMV, 700k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 85+ in its offices in Gurgaon (India) and Silicon Valley (USA)."

Rishab Malik, Co-founder & VP of Business Development, at Droom commented, “We are absolutely thrilled about this one of a kind event that we are hosting along with our partner Uber. Niche luxury cars are now just a click away with Droom. With this latest category, we now offer the widest range of pre-owned, exotic and classy cars for sale. Through this campaign we wish to bring people who have longed to enjoy a first-hand experience of super cars one step closer to owning their very own mean machine.”

Karun Arya, Communications Lead, South asia & India, Uber, commented, “This is the first time we’re bringing #UberSUPERCARS to India, for real. Uber is all about providing amazing and unique experiences to its riders and this is one way of giving them an opportunity to sit back, relax and enjoy the supercar ride.”

Droom gives you a once in a lifetime opportunity to rev up the roads in style. Don’t miss the chance to enjoy the world class experience of cruising down the roads in a supercar reminiscent of a scene straight out of a Bond film, with Supercars on Demand!

This will be a memorable experience for Uber and Droom users who can post on Twitter, Facebook and Instagram pictures with these supercars. Surprise gifts will also be given away to select riders!

For more information, please visit: http://blog.droom.in/supercars-demand/

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21stcentury experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 9k+ B2C sellers, 15k+ products, 6k+ listings, $85mil.+ in listed GMV, 700k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 85+ in its offices in Gurgaon (India) and Silicon Valley (USA).

About Uber

Uber is a technology platform that is revolutionizing the way people connect with their cities around the world – and creating tremendous economic opportunity for transportation providers. By connecting users with a safe, reliable and seamless ride, and with unprecedented accountability and transparency built into the system, Uber has transformed the way users think about their transportation options. Today Uber is available in over 328 cities in 58 countries around the world.

Rishab Malik, Co-founder & VP of Business Development, at Droom commented, “This alliance spells a major deal not only for both companies but also for the industry in its entirety. Having AutoInspekt conduct inspections for our cars and two-wheelers and providing transparency on pricing allows us to build more trust for buyers and sellers at Droom.”

B.Ganeshkumar, Senior Vice President, Mahindra First Choice Wheels said "We are very excited to partner with Droom with our industry leading inspection (Autoinspekt) and pricing services (Indian Blue Book). We are looking forward to working with Droom to enable their transactions pan-India and support their innovation agenda"

The primary aim of the association is to ensure another security checkpoint for automobiles listed on Droom. One of the most professional and comprehensive auto inspection and grading programs available till date, Mahindra’s AutoInspekt will perform auto inspection for used cars and two wheelers on behalf of Droom, thus validating every sale/purchase made through the platform.

The new alliance is a Pan-India agreement and covers the entire network of Mahindra. It entitles all vehicles listed on Droom to an independent and professional inspection report. It also allows Droom to tap into lakhs of transactional data from Mahindra First Choice that comes to them via India Blue Book, helping them to create pricing advantage for buyers.

About Droom

"Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21stcentury experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

Droom is amongst the fastest growing consumer Internet companies in India with 9k+ B2C sellers, 15k+ products, 6k+ listings, $85mil. + in listed GMV, 700k+ FB Community members (highest for any automobile community in India) and over 500k+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 85+ in its offices in Gurgaon (India) and Silicon Valley (USA)."

After the successful launch of two services - Auto Inspection and Car Care & Detailing, Droom has added warranty to their popular category of services. Warranty helps in ensuring that your vehicle and/or pocket don’t suffer from unexpected maintenance issues. Droom offers two types of warranty plans - Engine and Comprehensive for different durations such as 6 months or 1 year from a reputed vendor. Warranty service is available anywhere across the country, helping buyers across India with coverage and maintenance.

“Warranty alleviates some of the concerns around purchasing a used vehicle in India and we are excited to launch warranty as an independent category as well as a bundled offering to Droom listings,” says Rishab Malik co-founder and VP of Business Development. Droom is all set to expand into different service categories across vendors and cities.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first mobile marketplace to buy and sell new and used automobiles. Droom is a completely innovative and disruptive approach to how automobiles should be bought and sold online.

The current experience of buying and selling an automobile is antiquated, completely broken and full of stress, anxiety, pain points and pitfalls. Droom ofers a truly 21 st century experience in buying and selling automobiles. With our technology driven marketplace approach, we enable transactions between two users by bringing transparency, building trust, and mitigating information asymmetry. We are very passionate about making buying and selling experience for automobiles very simple, quick and trustworthy.

Droom has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley alone with some of the best in breed technology companies including Microsoft, Apple and Yahoo. Droom has a team of 50+ in our offices in Gurgaon (India) and Silicon Valley (USA). Droom is funded by some of the leading global venture investors.

Droom, India’s first marketplace for automobiles joined the initiative along with ShopClues to magnify the concept of e-business and its future prospective. Together, these major online players with substantial stake in the e-commerce pie shared their ideologies and their route to a successful business venture.

The E-commerce Day began at 5 PM with registrations and a preliminary introduction to ShopClues. The attendees then filled up a questionnaire that would help the company to know them better for future reference. At 6 PM, the official welcome was hosted and this was followed by the CEO’s presentation. The founders of Droom and ShopClues shared first hand experiences of their entrepreneurial journey and answered various questions asked by the attendees of the event about ecommerce industry. At 7 PM, all participants and hosts interacted in an informal meet and greet over beer and snacks. They were also encouraged to leave feedback after the conclusion of the event so that brands could tailor more such activities that appeal to the demographic profile of those who were present at the E-commerce Day celebrations.

Speaking on the event, Mr. Sandeep Aggarwal said “In India buying and selling used automobiles experience is completely broken. At Droom, we are focused on building trust, increase transparency, create greater selection, and pricing advantages for buyers. We are happy to take another step forward in the online shopping revolution that is sweeping through India with this association with ShopClues.com.”

“The E-commerce space is bourgeoning in India at a breakneck speed. There are several ambitious, young people who wish to be a part of this rapidly-scaling industry but don’t know how to craft their career as this is a relatively new field of expertise. Through the E-Commerce Day celebrations, we at ShopClues, decided to provide a much-needed first-hand view of the best practices, innovations, work culture and hottest trends in the online commerce space in the country.” said Mr. Sanjay Sethi, CEO and Co-Founder, ShopClues.com.

The E-commerce Day celebrations enlisted participation from MBA and Engineering students who are intrigued by the enormous opportunities offered by virtual businesses in India. The pouring ideologies shared by the leading online players gave a detailed insight about the industry, and it being the most powerful forums in the coming years. It was also attended by professionals who are actively considering entrepreneurship and are passionate about building and bridging innovations in online consumer technology.

All those present found the event to be extremely engaging and helpful. They were most expressive about their appreciation towards ShopClues and Droom for putting together an insightful event of this nature.

After successful launch of Droom mobile app for Android and iOS users along with website,automobile services are the latest additions to the platform’s offerings. Auto Inspection helps in evaluating the condition and reliability of a vehicle. Droom offers an unbiased 129 points comprehensive inspection report for both cars and motorcycles from a reputed vendor. This service is available in six different cities including Chennai, Bangalore, Pune, Delhi NCR, Hyderabad and Mumbai. The inspection report gives detailed information about the vehicle in a evaluation report that also includes vehicle history and stolen vehicle report. Customers can get their own vehicles inspected to find out the actual condition and estimated price of their vehicles, or can use the service to evaluate the actual condition of a prospective vehicle they are planning to buy.

Car Care and Detailing helps keep your vehicle clean, germ-free, and running smoothly. Droom offers interior, exterior, and both cleaning services at buyers’ preferred location (home, office, or service center) through reputed vendor partners. Buyers can choose different plans as per different car types like small cars, sedan car, premium luxury car, and SUV/MUV, along with superbikes. The service is available in 11 cities including Delhi NCR, Bangalore, Chennai, Mumbai, Panchkula, and more.

Rishab Malik, Co-founder & VP, Business Development talks about Droom’s expansion into the automobile services category, “The Automobile services industry is extremely fragmented and unorganized and we are very excited about taking this industry online at a scale not done before.”

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first mobile marketplace to buy and sell new and used automobiles. Droom is a completely innovative and disruptive approach to how automobiles should be bought and sold online.

The current experience of buying and selling an automobile is antiquated, completely broken and full of stress, anxiety, pain points and pitfalls. Droom ofers a truly 21 st century experience in buying and selling automobiles. With our technology driven marketplace approach, we enable transactions between two users by bringing transparency, building trust, and mitigating information asymmetry. We are very passionate about making buying and selling experience for automobiles very simple, quick and trustworthy.

Droom has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley alone with some of the best in breed technology companies including Microsoft, Apple and Yahoo. Droom has a team of 50+ in our offices in Gurgaon (India) and Silicon Valley (USA). Droom is funded by some of the leading global venture investors.

droom offers a truly 21st century experience for buyers and sellers for their automobile needs. Traditionally, buying and selling used automobiles is a process, which is cumbersome, full of pain points and frictions. droom takes way all the hassle, anxiety, and pain point and brings a higher level of trust, transparency, and convenience so that a transaction between two unknown parties can take place.

Droom is a technology-driven marketplace, enabling transactions between buyers and sellers of vehicles by enabling trust, transparency, and mitigating information asymmetry. With the app, users will be able to browse listings of all types of vehicles. Users can also list their own vehicles for sale. With the concept of commitment fee, full-circle trust, as well as offerings of integrated services around vehicles such as auto inspect and car-care - Droom is a holistic platform for all things automobile.

With this app, you can:

• Browse thousands of listings across cars, bikes, bikes, cars, superbikes, supercars, scooters, and bicycles with features and pictures for sale
• Commit for an item, and meet the seller to close the deal
• Negotiate with the seller
• List your own vehicle for sale
• Order services such as car care and detailing and auto inspection
• Rate a seller or a product and write reviews

Droom sees over 15k daily visitors to its website. Its Android app has seen over 3 lakh downloads. The company is backed by leading global venture investors.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first mobile marketplace to buy and sell new and used automobiles. Droom is a completely innovative and disruptive approach to how automobiles should be bought and sold online.

The current experience of buying and selling an automobile is antiquated, completely broken and full of stress, anxiety, pain points and pitfalls. Droom ofers a truly 21 st century experience in buying and selling automobiles. With our technology driven marketplace approach, we enable transactions between two users by bringing transparency, building trust, and mitigating information asymmetry. We are very passionate about making buying and selling experience for automobiles very simple, quick and trustworthy.

Droom has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley alone with some of the best in breed technology companies including Microsoft, Apple and Yahoo. Droom has a team of 50+ in our offices in Gurgaon (India) and Silicon Valley (USA). Droom is funded by some of the leading global venture investors.

After the successful launch of Droom mobile app for android users, launching a marketplace on the Web is company’s plan to expand into all online platforms. The Company has a vision to make every automobile transaction easy, quick and trustworthy.

There are a few features that are only available on the App and similarly there are some features that are available only on the Web. For example, the Website offers to pricing formats i.e. Buy Now and Auction that are not available on the App. Customers will be able to scour more than hundred top automobile brands that include BMW, Volkswagen, Maruti Suzuki, Honda, Porsche, Audi, Skoda, Royal Enfield, KTM, and Hero along with many other top players.

Droom.in is a feature-packed website providing dozens of sellers and buyer tools, users ease of use, swift navigation, and smooth & trusted transactional platform. Besides impressive features and simple and intuitive design, users can even find top discount offers, best sellers, most popular, reviews for vehicles and sellers, and more, as an added advantage.

Company benefits both buyers and sellers by offering fully transactional platform that offers great selection, low prices and high trust for buyers. Consumers can look forward to buy and sell new or used cars, motorcycles, scooters, and bicycles. For sellers of all kind (individual or professional), Droom offers a completely self-managed online selling experience along with dozens of sellers tools and marketing services.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first mobile marketplace to buy and sell new and used automobiles. Droom is a completely innovative and disruptive approach to how automobiles should be bought and sold online.

The current experience of buying and selling an automobile is antiquated, completely broken and full of stress, anxiety, pain points and pitfalls. Droom ofers a truly 21 st century experience in buying and selling automobiles. With our technology driven marketplace approach, we enable transactions between two users by bringing transparency, building trust, and mitigating information asymmetry. We are very passionate about making buying and selling experience for automobiles very simple, quick and trustworthy.

Droom has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley alone with some of the best in breed technology companies including Microsoft, Apple and Yahoo. Droom has a team of 50+ in our offices in Gurgaon (India) and Silicon Valley (USA). Droom is funded by some of the leading global venture investors.

The Droom Android app attained this position within a short span of 2 months since it’s launch on 21st November 2014. The application today enjoys over 1 Lac downloads on the Android Playstore and is one of the highly rated apps in it’s segment. And enjoys a strong loyalty base.

The Droom android application is a strong mix of innovative technology and disruptive approach which ensure that the users are introduced to a 21st century way of buying & selling automobiles, by trying to build a online marketplace environment for easy, quick & trusted way to transact automobiles.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first mobile marketplace to buy and sell new and used automobiles. The current experience of buying and selling an automobile is antiquated, completely broken and full of stress, anxiety, pain points and pitfalls. Droom is offering 21st century experience in buying and selling automobiles. With our technology driven marketplace approach, we enable transactions between two users by bringing transparency, building trust, and mitigating information asymmetry. We are very passionate about making buying and selling experience for automobiles very simple, quick and anxiety free.

Droom has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley alone with some of the best in breed technology companies including Microsoft, Apple and Yahoo. Droom is funded by some of the leading global venture investors and the company is based out of Gurgaon, India.

Droom is a completely innovative and disruptive approach to how automobiles should be bought and sold online. The current experience of buying and selling an automobile is antiquated, completely broken and full of stress, anxiety, pain points and pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With our technology driven marketplace approach, we enable transactions between two users by bringing transparency, building trust, and mitigating information asymmetry. We are very passionate about making buying and selling experience for automobiles very simple, quick and trustworthy.

With Droom’s innovative approach buyers get huge selection, low prices and develop trust and sellers get access to millions of online shoppers, higher trade velocity, and full stack of sellers tools and E-Commerce services to self-manage their online store at Droom.

About Droom

Founded in April 2014 in Silicon Valley, Droom is India’s first mobile marketplace to buy and sell new and used automobiles. The current experience of buying and selling an automobile is antiquated, completely broken and full of stress, anxiety, pain points and pitfalls. Droom is offering 21st century experience in buying and selling automobiles. With our technology driven marketplace approach, we enable transactions between two users by bringing transparency, building trust, and mitigating information asymmetry. We are very passionate about making buying and selling experience for automobiles very simple, quick and anxiety free.

Droom has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley alone with some of the best in breed technology companies including Microsoft, Apple and Yahoo. Droom is funded by some of the leading global venture investors and the company is based out of Gurgaon, India.

The company had raised its first external round of funding in June 2014 and this is the second round of funding. Besides the new investors, all the existing investors participated in this round of funding. The company will utilize the new capital to further expand its technology platform for the marketplace and to build teams for marketing, business development, and catalog.

India is a $100bn automobile industry and less than 0.5% of the automobile industry is online. The automobile industry suffers from lack of trust, huge pricing variability, not reliable sellers and fraud. Droom is taking a marketplace approach to mitigate pain and building an unmatchable advantages for buyers and sellers.

About Droom

Droom is an online and mobile technology company. It is building India’s first marketplace for automobiles. The company plans to launch its mobile marketplace later this year. The company plans to mitigate information asymmetry and bring trust in automobile buying and selling experience.

The company has been building its online and mobile technology platform for the past 5 months in Silicon Valley and is now opening India office to launch an Android based mobile app later this year in India. The office will be home for nearly 40 people that the company plans to hire in next 3 to 5 months in Gurgaon region. Half of these 40 people will likely be engineers, said the company.

About Droom: Droom is an online and mobile technology company. It is building India’s first marketplace for automobiles. The company plans to launch its mobile marketplace later this year. The company plans to mitigate information asymmetry and bring trust in automobile buying and selling experience.

About Droom

Droom is an online and mobile technology company. It is building India’s first marketplace for automobiles. The company plans to launch its mobile marketplace later this year. The company plans to mitigate information asymmetry and bring trust in automobile buying and selling experience.

The new capital will be used to build technology infrastructure, platform and Android based mobile app.

About Droom

Droom is a Stealth Mode Online and Mobile Start-up.