Droom, the biggest online car transactional marketplace from India, recently pushed further into first place as the largest platform by declaring a $1 billion run rate during the yearly GMV for 2018. Droom was also able to gather a net revenue run rate of $25 million with a 147% increase compared to 2017's net revenue.
With a targeted $2 billion GMV in 2019 and a net revenue goal of approximately $50 million, Droom has already geared up to leave behind the milestones it achieved in the year gone by and is all positive to achieve even greater success in the upcoming months. Additionally, consumer traffic increased substantially for Droom in 2018 by 53% as compared to the last year, from 248 Million to 380 Million visitors.
Commenting on the achievement, Sandeep Aggarwal, Founder and CEO, Droom remarked, “This was our biggest year in terms of scaling our business to new heights and launching so many innovative products such as Quicksell, Droom Credit, Droom Plus, new vehicles sales and expanding our operations internationally. As we bring synergies to our vast portfolio of products, tools and services, Droom is positioned to deliver hyper-growth for years to come.”
While Droom continues to make a strong case for its international operations especially in the South Asian market through a partnership with brands such as Toyota Group, it is also increasing its internal network of auto dealers. The numbers increased from 2.15 lakh in 2017 to 2.71 lakh in 2018, and Droom expanded its operations from 493 cities last year to 735 in 2018.
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