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Droom unveils exciting Independence Day sale offer – from 9th August to 15th August

· Droom commemorates India’s 70th Independence Day with its Independence Day Sale offer, starting from 9th August

· Special focus on "Free Road side assistance" with every order.
·  Enjoy Freedom from sky high costs– avail unbelievable discounts on a wide array of used vehicles only on Droom

New Delhi, 10th August, 2017: India’s pioneering online automobile transactional marketplace, Droom, gives you more reasons to celebrate this Independence Day. Starting from 9th August 2017, Droom, is putting on sale the choicest variants of two-wheelers and four-wheelers at jaw dropping discount prices. The company is offering upto 50,000 discounts on verified used vehicles along with the Free road side assistance.

There are attractive never before heard of discounts on all types of vehicles. On verified used scooters, there is a discount of upto Rs 11,000. The top models include Honda Activa, Suzuki Access, TVS Jupiter, Honda Aviator, Hero Maestro. Then there is upto Rs 25,000 off on all verified used bikes, including brands such as Bajaj Pulsar, TVS Apache, Hero Passion, Yamaha FZ, Royal Enfield Classic. Verified used cars such as Maruti Suzuki Swift, Maruti Suzuki Alto, Maruti Suzuki Swift Dzire, Honda city, Hyundai Verna are available at upto Rs 50,000 discount.

Speaking on the Independence Day Sale event and highlighting all the salient points, Droom CEO and Founder Sandeep Aggarwal said, “We are immensely excited to announce this mega Independence Day Sale event for our valuable customers. As India celebrates its 70th Independence Day, we are here to provide our customers Independence from Road side car break down and other road side assistance. We will be offering attractive discounts of upto Rs 50,000 on a vast and varied collection of used two-wheelers and four-wheelers. Between 9th to 15th of August, 2017, customers can purchase their favorite vehicles at attractive price points.”

The brand will also be offering "Free Road side assistance" services with every order.  This entitles buyers’ access to multiple road side assistance services that provides security and safety when commuting. Within 45 minutes it assists drivers in critical situations like a mechanical failure of the vehicle that can leave an operator stranded.

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 $530 Mil+ in annualized GMV growing at the rate of 350% Y/Y, 172K+ auto dealers (largest auto dealer platform in India), presence in 500+ cities across India (largest hyper local marketplace), 27.4 Mil+ monthly visitors, nearly 5.8 Mil+ app downloads and 5.2 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+.