Droom Is India S First and Only Online Marketplace for Buying and Selling New and Used

ABOUT US

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$394Mil+ in annualized GMV growing at the rate of 350% Y/Y, 209K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 20.15Mil+ monthly visitors, nearly 6.8 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 bySandeepAggarwal, 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+.

DROOM’S JOURNEY

14th April 2014 - Sandeep Aggarwal came up with the idea of Droom

May 2014 - Sandeep made wireframe for the App

May 2014 - Sandeep made wireframe for the App

June 2014 - Droom got incorporated in Singapore

June 2014 - Droom raised First round of capital

October 2014 - Droom raised Second round of capital

21st November 2014 - Droom App Launched

January 2015 - Rishab joined as Co-founder & VP of Business Development

7th January 2015 - First Vehicle Sold

February 2015 - Website Launched

April 2015 - iOS App launched

May 2015 - Crossed 1,000 Orders

July 2015 - Droom raised Third round of capital

August 2015 - Reached 50,000 Listings

August 2015 - Launched Aerial Vehicle Category

2nd October, 2015 - Reached 1 Million App Downloads

October 2015 - Reached 1 Million FB Fans

October 2015 - Reached 100 Employees

November 2015 - Crossed Rs. 300 Cr Annualized GMV

December 2015 - Onboarded 20,000 Sellers

12th December 2015 - Launches National Level TV Campaign

12th March 2016 - Reached 2 Million App Downloads

30th March 2016 - Launched ECO App, for independent & unbiased auto inspection

31st March 2016 - ₹800 Cr+ Annualized GMV, 41k Pro-Sellers, 5k Active Sellers

March 2016 - Crossed 3 Million Monthly Traffic

09th April 2016 - Droom TVC Wins ABBY’s Bronze at Goafest 2016

June 2016 - Droom Raised Series B Funding

July 2016 - Droom Wins EComm Power Brand of the Year by India Leadership Conclave

July 2016 - Droom Awarded 20 Hot Start-ups in India by Forbes, Japan

13th July 2016 - Droom Recognized as Coolest Start-ups - Riding High by Business Today

14th July 2016 - Droom Featured as Top Tech Start-Ups 2016 by PC Quest Magazine

16th July 2016 - Award Win - India's most admired E-commerce company

2nd August 2016 - Droom lunched OrangeBookValue.com

5th August 2015 - Droom Launched TVC "Feeling New Wali"

21st August 2016 - Droom has been awarded as "Tech start-up of the year" by Entrepreneur Magazine

14th September 2016 - Droom Launched New Vehicles Category

30th September 2016 – Crossed 100 Cr Monthly GMV

11th November 2016 – Droom Launched OBV TVC

16th December 2016 – Droom Won Three Prestigious Effie Awards 2016

22nd December 2016 – Droom Launched Droom History

2nd February 2017 – Become 5th Largest Ecommerce in India

31st March 2017 - Droom Becomes #1 Online Auto Portal in India – Pro-Sellers – 109K & Monthly Visitors – 14.5 Mil

13th April 2017 – Droom Launched Droom Credit

10th July 2017 – Droom Launched Ecosystem Services TVCs

29th July 2017 – Droom MTV Dropout Went Live

28th August 2017 – Organized Third Seller Summit 2017

 June 2017 - Droom Raised Series C Funding

4th September 2017 – Became 3rd Largest eCommerce Company, ₹300 Cr Monthly Revenue, 1 Mil Daily Traffic

20th September 2017 - Launched Bittu ji Beemer Video Ad

30th Sep 2017 - Launched OBV for Used Mobile Phones

5th October 2017 – Launched Droom Discovery

CORE VALUES

Droom’s culture is casual, fun loving, high energy, vibrant, and non-political. The two things that are placed on top are passion and merit.

OUR CULTURE

Droom's culture is casual, fun loving, high energy, vibrant, and non-political. There are two things that are placed on top passion and merit.

WHY DROOM?

The experience of buying and selling an automobile is completely broken and full of pain points and friction. With its disruptive marketplace approach, Droom is leveraging technology and data in a way that removes impediments why a transaction between two unknown people may not take place. With Droom’s innovative approach buyers get huge selection, low prices, and develop trust while sellers get access to millions of online shoppers, higher trade velocity, and a full stack of sellers' tools and e-commerce services to self-manage their online store at Droom.