India's largest and pioneering online automobile transactional platform Droom has established its firm foothold as India's largest play for automobiles online and the third largest e-commerce company.
The platform has captured the imagination of vehicle buyers with a simple and intuitive marketplace along with ecosystem services tools. Its efficient operational model has also helped Droom become the largest vertical marketplace and the largest hyperlocal marketplace. This troika of accolades has guaranteed Droom its undisputed stature as India's #1 and largest auto portal.
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 percent Y-o-Y, and aims to achieve a GMV of 7500 crores and full profitability by 2018.
"From being fifth 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," said founder and CEO Droom, Sandeep Aggarwal.
"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," added Aggarwal.
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.
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