Droom is All Set to Double its Annual Sales
Droom, India's first and leading online marketplace to buy & sell second hand vehicles is on the verge of doubling its annualized sales and gross merchandise value (GMV) from Rs 4,000 crores to Rs 8,000 crores by the end of 2018.
The company also revealed that it is targeting Rs 275 crore of net revenue for 2018 and Rs 700 crores for 2019.
The hike of Droom’s gross revenue growth is mostly attributed to the fact that it offers a customer-to-customer selling platform, as well as an adoption of ecosystem services tools and bulk buying of vehicles to ultimately resell them to ride sharing companies.
The platform boasts four different revenue streams, which will allow Droom to achieve its set revenue target. For example, the platform receives revenues from its selling of used and ...