In The Press



December 22, 2016

Droom launches India's first national repository for used vehicles

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NEW DELHI: In a first for the country, online marketplace for pre-owned vehicles Droom has launched a national repository for used vehicles. Monickered 'Droom History', it curates historical data to deliver in-depth information about a vehicle's background to address issues related to a vehicle's safety.

December 22, 2016

Droom launches India's first national repository for used cars

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In a first for the country, online marketplace for pre-owned vehicles Droom has launched a national repository for used vehicles. Monickered 'Droom History', it curates historical data to deliver in-depth information about a vehicle's background to address issues related to a vehicle's safety.

December 22, 2016

Droom launches History to help second hand vehicle buyers

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New Delhi: Automobile marketplace and services platform Droom on Thursday unveiled a data repository of used vehicles in India called Droom History. The product enables buyers and sellers to access historical information of a vehicle, derived from various sources and presented in a report-like format.

December 22, 2016

Droom launches 'History' to help second-hand vehicle buyers

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Droom, an online marketplace for automobiles, has launched 'Droom History' which will provide prospective second-hand vehicle buyers a comprehensive report on the product's background.

December 22, 2016

Droom launches repository for used vehicles

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NEW DELHI: Indian online automobile transactional marketplace Droom has launched the Droom History - an unbiased report which curates historical data available through various authorised data providers to deliver in-depth information about a vehicle's background.

December 22, 2016

Customers get access to history of used vehicles

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CHENNAI: Online marketplace for automobiles, Droom, has on Thursday launched ‘Droom History' which will provide prospective second-hand vehicle buyers a comprehensive report on the product's background.

December 22, 2016

Droom launches 'History' to help second-hand vehicle buyers

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Droom, an online marketplace for automobiles, has launched 'Droom History' which will provide prospective second-hand vehicle buyers a comprehensive report on the product's background.

December 22, 2016

'Droom History': India's first national repository for used vehicles launched

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'Droom history' is an unbiased report that will tell you your vehicle's background using historical data available through various authorized data providers to give you in-depth information.

December 23, 2016

Droom plans to invest around $10 million in acquisitions

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Online automobiles marketplace, Droom plans to invest around USD 5-10 million for at least three acquisitions during 2017 in order to strengthen the technology platform, according to a top executive of the company. "We may acquire 2-3 companies and have allocated between USD 5-10 million for the same. We will not acquire any company for geographical expansion but look for say like someone with a pricing engine, a data science startup or one which has good talent that we can absorb," Sandeep Aggarwal, founder and chief executive officer, Droom told Moneycontrol.com. Founded in 2014, Droom has so far raised USD 45 million. The last round was raised in June from Singapore-based early stage technology fund Beenext and Japan's startup investment and incubation firm Digital Garage. The amount was not disclosed. The valuation of the company then, stood at USD 225 million, according to Aggarwal. He also said that the company is seeing a lot of inbound interest and may raise a next round in the first half of 2017. Droom on Thursday launched 'Droom History' - a feature from where any person can get data about a vehicle's background. The government too has a website -- Vahan, which tells users about vehicle registration status. However, Aggarwal claimed that Droom collects vehicle information from 18-21 unique data fields unlike Vahan which gives customer only 5-6 data points. It plans to take it to 42 data points by March. Droom History provides customers information on the vehicle's insurance history, accident insurance claim history, flood damage history, loan history, theft history, service logs history, registration details etc. Currently, this product is free of cost. It offers information over 19 crore private and commercial vehicles such as two-wheelers, cars, taxi, trucks etc. in its database. During the first phase of the launch, the company 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. According to Aggarwal, unlike US and Western Europe, India is a low trust market, especially for used automobiles. Many aspects of a pre-owned vehicle, such as ownership history, title dispute, and vehicle-related issues, are non-reliable. He said that almost 80 percent of used cars sold have tempered odometer (the meter that records the distance travelled by a vehicle) in India. Droom claims to have over 83,000 B2C sellers, 25,000 products, 3,21,000 listings and Rs 6,555 crore in listed gross merchandise value (GMV). The company plans to become profitable latest by February 2018. It claims to have enabled 55,000 transactions so far worth Rs 1,250 crore. Talking about demonetisation, Aggarwal said, "It has created a temporary disruption in the market. What we saw is the necessity based purchase, for example Honda Activa, Bajaj Pulsar or TVS Scooty, Maruti Suzuki, WagonR or Swift Dzire, there was a flat to minus 2 percent impact (on transactions) but all the luxury cars like Mercedes, Audi, BMW completely came down. We saw almost 50 percent decline on that," he said. Droom international expansion plans have been delayed. It now plans to launch services in Indonesia by April which will be followed by Malaysia, Thailand and Philippines shortly. Aggarwal did not share month on month transaction numbers but said it was reporting 20-15 percent growth. It plans to hit a GMV of USD 600-650 million by December 2017

December 22, 2016

Droom launches History to help second-hand vehicle buyers

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New Delhi, Dec 22 (PTI) Droom, an online marketplace for automobiles, has launched Droom History which will provide prospective second-hand vehicle buyers a comprehensive report on the products background.

"Droom History is an unbiased report which curates historical data available through various authorised data providers to deliver in-depth information about a vehicles background.

"Generated using our proprietary technology, the report will address issues related with a vehicles safety, trust, and value," Droom Founder and CEO Sandeep Aggarwal told reporters here.

He added that unlike the US and Western Europe, India is a low trust market, especially for used automobiles.

"Many aspects of a pre-owned vehicle, such as ownership history, title dispute, and vehicle-related issues, are non-reliable. This is largely due to the unavailability of verified information about a pre-owned vehicle," he said.

With Droom History, there will be an information repository for used vehicles and will help foster greater trust and transparency in the used automobile segment, he said.

Droom History will have information about more than 19 crore private and commercial vehicles like cars, two-wheelers, taxi and trucks 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.

Users will have to enter the vehicles VIN or registration number and check for availability of the report. If the vehicle report is available in Drooms database, it will be sent to their registered email address.

"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," he said. PTI SR ABM

December 23, 2016

Droom launches 'Droom History' for vehicles background

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New Delhi [India], Dec 22 (ANI): Online automobile transactional marketplace Droom has announced the launch of Droom History, which will curate historical data available through various authorized data providers to deliver in-depth information about a vehicle's background.
Generated using Droom's proprietary technology, the report will address issues related with a vehicle's safety, trust, and value.
"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," said Founder and CEO Droom, Sandeep Aggarwal.
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.
Droom 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.
"With Droom History, we aim to plug this information gap by making a standardized, 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," said Senior Director Product and Technology Droom, Somendra S. Rathore.
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. (ANI)

December 22, 2016

Droom Launches Droom History - National Repository For Used Vehicles

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Gurugram-based online automobile marketplace, Droom has announced the launch of Droom History. It is a report that curates historical data available through various authorised data providers to deliver in-depth information about a vehicle's background. Speaking on the launch, Sandeep Aggarwal, Founder & CEO, Droom, said, "Unlike the US and Western Europe, India is a low trust market, especially for used automobiles. Many aspects of a pre-owned vehicle, such as ownership history, title dispute, and vehicle-related issues, are non-reliable. This is largely due to the unavailability of verified information about a pre-owned vehicle. With Droom 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."

December 23, 2016

Droom Launches Droom History, India's First National Repository for Used Vehicles

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In a move that once again underlines its pioneering status in the country's automobile industry, Droom, Indian online automobile transactional marketplace, has announced the launch of Droom History. Droom History is an unbiased report which curates historical data available through various authorised data providers to deliver in-depth information about a vehicle's background. Generated using Droom's proprietary technology, the report will address issues related with a vehicle's safety, trust, and value. 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-owned vehicle, such as ownership history, title dispute, and vehicle-related issues, are non-reliable. This is largely due to the unavailability of verified information about a pre-owned vehicle. With Droom 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. Droom 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 Droom 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 Droom History report for a vehicle will be fairly simple. All user will have to 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 get the report sent to their registered email address within half an hour for free of cost. 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. In June 2016, Droom has announced the closing of its Series B funding in a round led by BEENEXT from Singapore and Digital Garage from Japan. Majority of existing investors are participating in the current round including Lightbox and BEENOS. Also, in September, the company entered into a partnership with CashCare, an innovative consumer lending platform where short-term loans are provided on a real-time basis.

December 22, 2016

Droom launches 'Droom History' for vehicles background

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New Delhi, Dec 22 : Online automobile transactional marketplace Droom has announced the launch of Droom History, which will curate historical data available through various authorized data providers to deliver in-depth information about a vehicle's background. [NK Business] Generated using Droom's proprietary technology, the report will address issues related with a vehicle's safety, trust, and value. "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," said Founder and CEO Droom, Sandeep Aggarwal. 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. Droom 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. "With Droom History, we aim to plug this information gap by making a standardized, 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," said Senior Director Product and Technology Droom, Somendra S. Rathore. 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.

December 22, 2016

Droom launches 'Droom History' for vehicles background

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New Delhi, Dec 22 : Online automobile transactional marketplace Droom has announced the launch of Droom History, which will curate historical data available through various authorized data providers to deliver in-depth information about a vehicle's background. Generated using Droom's proprietary technology, the report will address issues related with a vehicle's safety, trust, and value. "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," said Founder and CEO Droom, Sandeep Aggarwal. 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. Droom 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. "With Droom History, we aim to plug this information gap by making a standardized, 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," said Senior Director Product and Technology Droom, Somendra S. Rathore. 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.

December 22, 2016

Droom launches 'Droom History' for vehicles background

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New Delhi, Dec 22 : Online automobile transactional marketplace Droom has announced the launch of Droom History, which will curate historical data available through various authorized data providers to deliver in-depth information about a vehicle's background. Generated using Droom's proprietary technology, the report will address issues related with a vehicle's safety, trust, and value. "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," said Founder and CEO Droom, Sandeep Aggarwal. 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. Droom 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. "With Droom History, we aim to plug this information gap by making a standardized, 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," said Senior Director Product and Technology Droom, Somendra S. Rathore. 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.

December 23, 2016

Droom launches 'Droom History' for vehicles background

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New Delhi, Dec 22 : Online automobile transactional marketplace Droom has announced the launch of Droom History, which will curate historical data available through various authorized data providers to deliver in-depth information about a vehicle's background. Generated using Droom's proprietary technology, the report will address issues related with a vehicle's safety, trust, and value. "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," said Founder and CEO Droom, Sandeep Aggarwal. 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. Droom 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. "With Droom History, we aim to plug this information gap by making a standardized, 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," said Senior Director Product and Technology Droom, Somendra S. Rathore. 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.

December 22, 2016

Droom Launches Droom History, Find Detailed Information of Used Vehicle

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Droom has launched the Droom History. The Droom History is an unbiased report which curates historical data available through various authorised data providers and the platform delivers in-depth information about a vehicle's background. For your information, Droom is an online automobile transactional marketplace. The Droom History is generated by using Droom's proprietary technology and the report will address issues related with a vehicle's safety, trust, and value. Droom History, Droom History Terms and Conditions, Droom History Faqs, How to get history of vehicle, find history of vehicle In its first phase of launch, the Droom will put up listings with valid RC numbers on its platform. Apart from this, the Droom collects and update vehicle information from 1000+ RTOs across the country. In addition to this, Droom 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. Speaking at the launch event, the front-end will be opened soon and it will give users to access the most accurate, real-time information about used vehicles. As a user, you can easily generate the Droom History report of the vehicle by entering the vehicle VIN or registration number & 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. Speaking on the launch event, 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-owned vehicle, such as ownership history, title dispute, and vehicle-related issues, are non-reliable. This is largely due to the unavailability of verified information about a pre-owned vehicle. 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." Adding further, Somendra S. Rathore, Senior Director, Product and Technology, Droom, said: "The used vehicle market in India often faces issues such as low transparency and a distinct lack of trust between buyers and sellers. With Droom History, we aim to plugin this information gap by making a standard, 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."

December 22, 2016

Droom launches 'History' to help second-hand vehicle buyers

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NEW DELHI: Droom , an online marketplace for automobiles, has launched 'Droom History' which will provide prospective second-hand vehicle buyers a comprehensive report on the product's background. Droom History is an unbiased report which curates historical data available through various authorised data providers to deliver in-depth information about a vehicle's background. "Many aspects of a pre-owned vehicle, such as ownership history, title dispute, and vehicle-related issues, are non-reliable. If the vehicle report is available in Droom's database, it will be sent to their registered email address. "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," he said.

December 22, 2016

Droom launches 'Droom History' for vehicles background

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New Delhi, Dec 22 : Online automobile transactional marketplace Droom has announced the launch of Droom History, which will curate historical data available through various authorized data providers to deliver in-depth information about a vehicle's background. Generated using Droom's proprietary technology, the report will address issues related with a vehicle's safety, trust, and value. "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," said Founder and CEO Droom, Sandeep Aggarwal. 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. Droom 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. "With Droom History, we aim to plug this information gap by making a standardized, 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," said Senior Director Product and Technology Droom, Somendra S. Rathore. 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.

December 22, 2016

Droom launches History to help second hand vehicle buyers

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New Delhi, Dec. 22 -- Automobile marketplace and services platform Droom on Thursday unveiled a data repository of used vehicles in India called Droom History. The product enables buyers and sellers to access historical information of a vehicle, derived from various sources and presented in a report-like format. A user has to simply key-in the vehicle's registration number and will get details such as the date of purchase, past accidents, change of ownership, service history, etc. Droom claims it has data for 190 million private and commercial vehicles currently in use. While the service is currently free, Droom expects to put a fee on it in the future, said founder and chief executive officer (CEO) Sandeep Aggarwal. The company is inv...

December 22, 2016

Droom Launches India's First National Repository For Used Vehicles

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In a first for the country, online marketplace for pre-owned vehicles Droom has launched a national repository for used vehicles. Monickered 'Droom History', it curates historical data to deliver in-depth information about a vehicle's background to address issues related to a vehicle's safety.

Dec 23, 2016

The Economic Times

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Dec 23, 2016

The New Indian Express

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Dec 23, 2016

Financial Chronicle

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Dec 23, 2016

The Financial Express

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