0% found this document useful (0 votes)
59 views1 page

Race Droom

Uploaded by

mnvgarg29
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
59 views1 page

Race Droom

Uploaded by

mnvgarg29
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Company: Droom Technology Limited

Overview: Founded: 2014

Droom is an AI-driven online platform revolutionizing the Indian automotive market, offering both new and Founder: Sandeep Aggarwal (Chairman, Whole-Time
used vehicles from bicycles to planes. With over 2.5 million customers across 1,174 cities, Droom provides Director & CEO)
services such as buying, selling, financing, insuring, and certifying vehicles, all backed by trust and
Key Persons:
convenience. It offers India’s largest selection of over 250,000 vehicles across 12 categories at competitive
• Vineet Bahl (Vice President-Legal)
prices.
• Amarpreet Singh (CFO)
Droom’s advanced tech ecosystem includes a proprietary 1,100-point vehicle inspection (ECO), algorithmic
pricing (Orange Book Value), vehicle history records, and services like loans, warranties, delivery, and Headquarters: Gurugram, Haryana, India
ownership transfers. Its QuickSell feature allows individual sellers to quickly sell or exchange vehicles through
a network of 23,000+ dealers.

The platform is category, geography, and condition agnostic, and enterprises like HDFC, Toyota, and Yamaha
use its tech stack. Founded by Sandeep Aggarwal, the only Indian tech entrepreneur to have founded two
unicorns, Droom is backed by global investors such as Lightbox, Digital Garage, Toyota Group, and Beenext.
Known for its disruptive technology, Droom is one of India’s most trusted consumer Internet brands.
Products & Services:
Core Values and Competencies:
• Droom Enterprise
Customer Centricity Taking Ownership • Vehicle Inspection
Passion Positive Attitude • Vehicle Pricing
High Energy Data Driven • Vehicle Flatbed Delivery
Long-Term Approach Humility • Vehicle History
Learn from Mistake Result Oriented • eCommerce Management
High Work Ethics Frugality • Premium Account Management
• MyDroom
Recent News: • goDigital
• Droom celebrated 10 Years of Innovation and unveiled the AI-powered MyDroom Platform (Oct, 24) • Chairman Club
• Marketplace Formats: B2C, C2C, C2B & B2B

CSR and Sustainability:

• Education for All: Sandeep Aggarwal Foundation, supported by Droom, organized a donation drive
for children at Government Senior Secondary School, Bijopur, Faridabad and launched unique Vision: Droom wants to aggregate the global automobile
campaign for underprivileged children industry online at a scale and level of efficiency never been
• As a CSR initiative, Droom started a program called Adopt a Family to provide food during the COVID- done by anyone or in any part of the globe so far.
19 lockdown to feed underprivileged and daily wagers Purpose: To provide a convenient and efficient way to buy
• Droom launched the #Engage campaign for its employees in association with the Dream Girl and sell vehicles, with a range of services to help
Foundation to promote more collaboration and engagement between different stakeholders and customers make informed decisions
departments
• Droom allocated 1 crore for CSR to help real heroes; police stations and hospitals were sanitised with
germ shield coating
Financials:
• Droom extended its Germ-Shield technology to sanitize the fleet of Gurugram police
• Droom actively set an example for environmental consciousness through its ‘Droom Bindaas Ghoom, FY23 (Ended Mar 31, 2023)
Let’s Go Green’ Campaign • Total Operating Revenue: ₹262.63 crore (32.69%
• Sandeep Aggarwal Foundation partnered with Robin Hood Army for their Mission5- 5 days, 500 YoY decrease)
villages, and 5 million people • Net loss: ₹62.15 crore (54.64% YoY decrease)
• Droom unveiled a hard-hitting on-ground social media campaign for road safety
FY22 (Ended Mar 31, 2022)
• In a one-of-a-kind initiative, Droom commemorates Father’s Day by showering love and care on
• Total Operating Revenue: ₹390.16 crore (187.90%
underprivileged children
YoY increase)
• Net loss: ₹137.01 crore (98.91% YoY increase)

Industry Analysis:

• Indian e-commerce is expected to grow at a compound annual growth rate (CAGR) of 27% to reach Competitors:
$163 billion by 2026 • CarTrade Tech
• Growth drivers for e-commerce growth are consumer spending, growth of logistics and warehouses, • CarDekho
payment modernisation, mobile commerce, internet content in local language and employment • CarWale
generation • Spinny
• The Indian government has established a steering committee under the Commerce Ministry to oversee • CARS24
the development of the Open Network for Digital Commerce (ONDC), a government-backed e- • Mahindra First Choice
commerce platform similar to Flipkart and Amazon • Truebil
• The Indian government is boosting local value-addition in manufacturing, with schemes like the
Production Linked Incentive (PLI) driving growth in electronics, particularly mobile phone production.
Domestic brands like Micromax and Lava are poised to leverage the 'Aatmanirbhar Bharat' initiative References:
for their resurgence Droom: Overview, Vision,Purpose, CSR
• India's e-retail market is expected to exceed $160 billion by 2028, up from an estimated $57-60 billion Droom LinkedIn
in 2023. This represents an annual growth of $8-12 billion since 2020 Financials
News: Droom celebrated 10 years
Other Info:

• Launched the Chairman Club in February 2024


• Droom was also among the best e-commerce Company of the year in the automobile sector in 2021
• Launched Adreach by Droom, MyDroom (Beta Version), and Droom Pay in 2023

Research and Consultancy Enterprise | IMT Ghaziabad RACE/24-25/093

You might also like