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Tag: Droom

  • Droom launches four innovative products on its tenth founding day anniversary

    Droom launches four innovative products on its tenth founding day anniversary

    Mumbai: Droom, an online marketplace for buying and selling used cars, celebrates its tenth founding day anniversary on 15 April 20204 by unveiling a suite of groundbreaking products designed to transform the used car industry. These new offerings – MyDroom, AdReach, GoDigital, and Chairman Club – empower consumers, businesses, and dealerships with comprehensive solutions for every stage of the car ownership journey.

    MyDroom: Your complete car management companion. MyDroom redefines car ownership by becoming your one-stop shop for everything related to your vehicle. This innovative app offers a personalized dashboard, smart diagnostics with proactive alerts, effortless tracking of service schedules and renewals, seamless expense management, secure document storage, and multi-car management capabilities. Powered by AI, MyDroom suggests best practices, optimizes vehicle performance, and extends its lifespan. MyDroom also connects you with a range of car services like repairs, roadside assistance, and car washes, all within the app, fostering data-driven decision-making for a smarter car ownership experience.

    AdReach; Performance-driven marketing solutions for businesses. Droom introduces AdReach, a tech and data-driven performance marketing platform offering solutions for both web publishers and advertisers. AdReach empowers web publishers to maximize their advertising revenue while providing advertisers with targeted reach and measurable results. This comprehensive advertising platform leverages cutting-edge technology and data science discipline to ensure successful marketing campaigns in the ever-evolving digital landscape.

    GoDigital: Effortlessly establish your e-commerce store. Droom launches GoDigital, a self-service, easy-to-use plug/play and robust e-commerce platform to let any business of any size to an e-commerce site and app. goDigital offers two options: e-commerce store and app edition and e-commerce store & app edition with EMS. The e-commerce store and app edition provide a stunning website and app on a self-service basis to businesses and the e-commerce store app along with a suite of EMS services includes catalog creation, online category management, site merchandising, digital marketing, online payments, fulfillment, delivery and customer support as ECommerce Managed Services.

    Chairman Club: Empowering dealerships for growth. Droom unveils chairman Club, a comprehensive suite of seller services designed to elevate the success of Indian auto dealerships and OEMs. Chairman Club provides a full spectrum of automobile services, including procurement of used vehicles at attractive prices, affordable dealer financing solutions, cutting-edge digital marketing tools, high-quality leads, self-service e-commerce stores, automobile certification services, professional services e.g GST and taxes, store branding support, and visual retail merchandising expertise. Chairman Club equips dealerships with all the necessary tools and resources to excel in the competitive used car market. Chairman Club also has two services for automobile OEMs ie. ProSeller Enterprise for an OEM to have a D2C channel for their line of products at Droom Marketplace directly or in conjunction with their dealership network and QuickSell for OEM, which enables all the authorized dealerships of an OEM to use Droom’s marketplace to sell all the exchange vehicles under a fixed price, auction or best offer and tap into Droom’s vast network of 23 k+ dealerships in 1,174 cities.

    “Droom has always been a trailblazer in leveraging AI and technology to disrupt the used car industry,” said Droom founder & CEO Sandeep Aggarwal.

    “We are not only pure-play e-commerce for automobiles but also have built tech products and real IP. With these four products, we are expanding Droom’s charter not only while a transaction is happening but entire lifecycle management and helping enterprises, OEMs, dealers, and advertisers not only on the Droom platform but beyond Droom platform too. We are confident that these solutions will empower our partners and customers, propelling the Indian used car market towards a brighter future”, said Droom founder & CEO Sandeep Aggarwal.

    Droom started its commercial operations on 21 Nov 2014 and since then it has sold 580k automobiles worth $7.3bn, 2.0mil automobile services, 23.1k cloud dealers, 4.5mil transactable listings worth $42.5bn in value, presence in 1,176 cities, 16 million app downloads, and 1.8bn as the sum of MAUs.

  • Droom and Badshah tie the knot for a multi-year brand deal

    Droom and Badshah tie the knot for a multi-year brand deal

    Mumbai: India’s pioneering automobile marketplace Droom enters into a groundbreaking brand partnership with entertainment artist Badshah.  This partnership includes an investment by Badshah into Droom and both parties will work together to make Droom the most sought-after brand for Millennials and GenZ.

    Badshah’s immense popularity and social media reach makes him the perfect brand ambassador for Droom. His urban persona aligns seamlessly with Droom’s target audience, creating a powerful and authentic brand connection that resonates with millennials and Gen Z consumers. He complements Droom’s vision of revolutionizing the automobile buying and selling experience in the 21st century.

    The partnership between Droom and Badshah disrupts traditional marketing concepts and together, they will set new industry standards aimed at driving unprecedented market traction and revenue surge for Droom, while enhancing its appeal to a broader consumer demographic.

    Expressing his excitement about the partnership, Badshah said, “I have been auto enthusiast for a long time and have been impressed on how Droom is solving automobile related trust, selection and pricing problem. Their unique approach resonates with me, and I am excited to be a part of this transformative journey.”

    Speaking on the occasion, Droom CEO & founder Sandeep Aggarwal said, “We are super excited to have Badshah as part of team Droom.  Droom is changing how automobiles should be bought and sold and spreading that word via a powerful voice like Badshah will help us tremendously. Together we will reshape the future of automotive commerce.”

  • Kidbea secures $1mn funding in Pre-Series A round led by Venture Catalysts

    Kidbea secures $1mn funding in Pre-Series A round led by Venture Catalysts

    Mumbai: Kidbea, an innovative bamboo-based kids fashion brand, has announced that it has raised $1 million in funding in the Pre-series A round led by early-stage investment firm Venture Catalysts.

    The funding round also saw involvement from Agility Ventures and BestVantage Investments, as well as notable figures in the industry such as Sandeep Agarwal and Upasana Agarwal, founders of Droom, Ashok Bahadur, alongside a group of experienced angel investors, and Hiro Mizushima, a well-known celebrity actor in Japan.

    Founded in 2021 by Swapnil Srivastav, Mohammad Hussain, and Aman Kumar Mahto, Kidbea specialises in creating bamboo plant-based, skin-friendly, and comfortable children’s apparel. Kidbea’s products effectively tackle issues such as discomfort, skin rashes, and food spillage in newborns by providing GOTS (Global Organic Textile Standard) certified clothing that is environmentally friendly and gentle on children’s skin.

    Kidbea will use the funding to boost its marketing and branding initiatives, expand its team, and improve operations. Additionally, a strategic portion of the funds will be allocated to research and development and technology to maintain a leading position in the rapidly evolving children’s fashion industry.

    At present, Kidbea has a presence on all major online platforms and is available in over 30 partnered stores located in premium children’s hospitals. Additionally, Kidbea has expanded its global reach to include the UAE, Bahrain, and Australia. The brand’s varied product portfolio features over 250 SKUs, encompassing kids’ rompers, bodysuits, reusable cloth diapers, soft toys, and accessories.

    On the expansion plan and the new funding, Kidbea co-founder Aman Kumar Mahto said, “The funding signifies a major milestone in our journey to turn Kidbea into a Rs 500 crore brand within the next 3 years. This funding provides us with the means to improve our sustainable offerings, extend our global presence, and persist in redefining children’s fashion.”

    On the overall opportunity and growth potential, the founders added that Kidbea posted an impressive eight times revenue growth in FY-23 demonstrating the brand’s growing appeal in the burgeoning kidswear segment that is pegged at $16.4 billion.

    Highlighting the potential within the children’s apparel and accessories market, Venture Catalysts co-founder and managing director Dr. Apoorva Ranjan Sharma expressed, “Choosing to invest in Kidbea was an obvious decision for us. With India’s daily birth rate exceeding 67,000 children, there is a substantial opportunity for Kidbea to target the market across both metropolitan areas and small towns, driven by the increasing awareness among new parents regarding sustainable and eco-friendly clothing. Kidbea’s innovative approach and dedication to quality align with the changing expectations of mindful consumers. We have confidence in Kidbea’s potential not only to redefine children’s fashion but also to make a significant contribution to the sustainable fashion landscape.”

    Striving to evolve into a Rs 500 crores brand within the next three years, Kidbea is on a trajectory of growth. The company’s dedication to sustainability and quality, along with the strategic deployment of its recent funding, positions Kidbea to further its expansion and solidify its position as a frontrunner in the global children’s fashion industry.

     

  • Covid Care: Droom announces 1 cr budget to support fight against Covid

    Covid Care: Droom announces 1 cr budget to support fight against Covid

    New Delhi: Stepping up to take care of its employees during the devastating second wave of Covid2019, AI-driven online automobile marketplace Droom on Thursday announced Rs one crore budget for its new initiative – Droom Cares.

    As a part of this initiative, Droom will ensure sanitization of some healthcare facilities, police stations, clinics, pharmacies, and homes of healthcare workers in Delhi NCR using Germ Shield, its anti-microbial coating. It has also created a Covid SWAT team to verify all leads regarding oxygen supply, hospital beds, ICU availability, oximeters, food suppliers, plasma donors, and Covid-related life-saving drugs.

    The company has also launched programs for its 20,500+ dealers to assist with pharmaceuticals, Covid vaccination, medical assistance, and also provide isolation ward to asymptotic dealers with basic medical facilities. It has launched a telemedicine consultation for mental and physical health free of cost for Droomers. A unique Buddy Program has been initiated where Droom will assign one employee to another who is recovering from Covid2019 and requires assistance.

    “The second wave of the pandemic has triggered an unprecedented crisis for the country. We would like to show our commitment to society by trying to help people in these difficult times. We have also organized a Covid SWAT room for quick assistance and have converted one of our office facilities into emergency wards with basic medical facilities and doctor teleconsultation for our employees in times of need,” said Droom, founder and CEO, Sandeep Aggarwal.

    Among other relief measures, the company has announced a special insurance scheme for all its employees and dealers to have hassle-free treatment in these stressful times. The insurance scheme will give five times more cover to its employees and be also extended to their parents and current family members. “Our endeavor has always been to stand firmly united with our stakeholders in the most stressful times and we are confident to overcome these together,” Aggarwal added.

  • India on course to becoming a used car market: Droom’s Krishna Veer Singh

    India on course to becoming a used car market: Droom’s Krishna Veer Singh

    NEW DELHI: The Covid2019 pandemic sank the automobile industry in India to abysmal depths this year. With the enforcement of lockdown, people retreated indoors, businesses and offices shut down, the streets were deserted; and auto sales plunged to zero in the month of April.

    While the automobile market is desperately trying to rally and recover pre-Covid numbers, one category that has shown resilience in these troubled times is that of pre-owned vehicles. Growing at 6.2 per cent during FY16-20, it too was buffeted by the headwinds of the pandemic, but since then has witnessed a steady uptick in demand. Leading this segment are digital platforms that buy and sell second-hand cars and two-wheelers, which have logged manifold increase in online engagement and annual sales over the past several months.

    One such company is Droom, a digital motorplace that claims to have captured 80 per cent market share of the automobile transactions happening online in India. The portal has clocked a massive 260 per cent surge in sales in the aftermath of Covid, along with a 175 per cent jump in traffic for new and pre-owned automobiles. Indiantelevision.com spoke to Krishna Veer Singh, president – marketplace, Droom to decode the recent upheaval in the used car business, how the platform is faring and what the road ahead looks like.

    Singh started off by clarifying that while Droom is seeing unprecedented numbers now, it hasn’t all been smooth sailing.

    “When Covid happened, we witnessed 90 per cent drop in orders within two months of lockdown. In June, we started seeing recovery even though we were far away from full recovery. Around August 2020, indicators like growth in traffic, leads and listings went up with huge numbers and we again achieved pre-Covid number of orders driven by two-wheeler demand. Also, we have achieved around 75 per cent of pre-Covid GMV by November 20,” he detailed.

    As Singh pointed out, the resurgence of the automobile sector is led by two-wheelers and pre-owned cars. This is mainly due to a massive shift in consumer mindset: in the aftermath of the highly-contagious Coronavirus, public transport and ridesharing are no longer considered safe. However, the upswing in the desire for personal mobility has been compounded by the problem of limited means.

    “With economic activity slowing down, people are more inclined towards lower-priced or smaller vehicles in personal mobility space which in turn has boosted sales of used vehicles. As a result, there is an increase in the demand for budget-friendly options like Swift, WagonR, Dzire, Honda City, i10, Scorpio and Santro, among others and two-wheelers,” he said, adding that these make up 70 per cent of total orders.

    FY21 auto sales are estimated to be decadal lows, and the industry has yet to recover to monthly sales levels of new vehicles seen before the pandemic. But it’s a fact that the automobile sector had undergone considerable slowdown over the last 12-18 months, labouring as it was under the GST regime change, stiff competition from ride-hailing apps, general liquidity issues, and several other factors.

    By contrast, the used car market is 1.3 times of the new car market, with the organised segment expected to register a CAGR of 22.79 per cent during 2020-25. Majority of the OEMs such as Maruti Suzuki, Mahindra, Hyundai and Toyota, and luxury car manufacturers like BMW, Audi, and JLR, have their own used car network. Online used car sellers have also reported good sales over the last few years. Government policies, for instance the reduction of GST rate on used cars from 28 per cent to 12-18 per cent, are also favourable – a key growth driver for the sector. Does all this portend that India is on the road to becoming a second-hand car market? Singh appeared to think so.

    “Demand for used cars has increased manifold in the last few years. The economic slowdown caused by the pandemic has resulted in financial restraints which leads to an increase in demand for budget-friendly options of Rs 2-5 lakh and middle budget of Rs 5-10 lakh. Overall, 25,000 cars were sold this year,” he highlighted.

    Post pandemic, the surge in sales has been powered, in main, by the top five to six metros in the country – Delhi, Mumbai, Bangalore, Hyderabad and Ahmedabad – and prospective customers are most interested in vehicles, germ shield and auto services, shared Singh. The site has clocked a 550 per cent jump in leads and an average MAU of six million over the last few months. An impressive feat, considering that 60 per cent of the traffic on Droom is organic.

    The reason may be that apart from catering to vehicles, the platform has branched out into several complimentary ventures in the wake of Covid. These new endeavours were initiated after careful consideration of consumer needs and the rising hygiene consciousness among people. Droom now offers Contactless Commerce, an end-to-end contactless experience including online vehicle research, doorstep test drive and delivery, online documentation, and digital payments. The Jumpstart service was introduced in May to provide vehicle service at your doorstep.

    Another big revenue driver this fiscal has proved to be Droom’s Germ Shield business. Not just limited to vehicles, the service has been extended to cover residences, offices and commercial spaces.

    “Germ Shield is a separate P&L and currently driven by our proprietary tool, ECO, and its network. The technology is relevant to all kinds of surfaces and expanding to other categories like homes, schools, and commercial gave us an opportunity to bring more business, along with more awareness and adoption of the product utilising the same network of ECO services and without any additional capex,” said Singh.

    All this doesn’t discount the fact that the used car market is a competitive space, with several players jostling for buyers’ attention. Curiously, despite commanding 80 per cent of the market share, Droom doesn’t really stand out. Its rivals, on the other hand, have greater brand recall on the back of their ATL campaigns. When asked about this dichotomy, Singh asserted that the brand doesn't believe in burning huge budgets on marketing. Instead, it has invested in building better solutions using technology and data science.

    “We are trying to bring transparency, convenience, and trust by building the whole ecosystem around automobile buying and selling by building and enhancing proprietary tools such as OBV, ECO, History, Quick Sell, etc. Also, Droom is the only pure-play internet company while others offer offline services. We work simultaneously with dealers and sellers instead of holding inventory. Droom has built an entire ecosystem around used automobiles for the digital economy,” he elaborated.

    The consumer uptake has been significant, particularly during the Dussehra-Diwali period this year. As families and friends met after a long time, and people thronged malls and markets for festive shopping, Droom registered a fivefold increase in bookings for germ shield sanitation services which offers antimicrobial surface protection service.

    “This festive season, we have witnessed over 60 per cent peak in sales. In new vehicles, sales of cars have witnessed 60 per cent surge and premium cars accounted for 100 per cent growth. Two-wheelers also witnessed growth over 240 per cent and 25 per cent jump in GMV,” added Singh.

    While the used car market, valued at $24.24 billion in 2019, is on an upward trajectory, it’s not without its own share of problems and shortcomings. Unorganised and semi-organised players take up most of the market share, leading to a highly supply-constrained market. Consumer-to-consumer deals still make up 32 per cent of the segment – not a good sign in terms of regulation and accountability. Financing and other value-added services aren't readily available in the used car business, which acts as a roadblock in customer engagement. However, recent growth through organised modes has been somewhat driven by cannibalisation of the consumer-to-consumer and unorganised channels – a trend that should bode well for companies like Droom.

    “The biggest challenge is to maintain the organic traffic and eventually make growth sustainable. Going forward we will keep practicing our customer-centric approach and build the latest technological solutions to make the buying and selling experience of automobiles better and better,” he concluded.

  • Covid2019 creates opportunity for used car market

    Covid2019 creates opportunity for used car market

    NEW DELHI- Covid2019 battered the automotive industry in India with the demand for new cars and two-wheelers plummeted between March-May 2020. The month of April 2020 has gone down in the history of the country when not even a single car was except a few that were exported out of the country. The industry started to pick up since May 2020 and has been showing signs of recovery. Even then at a cumulative level, the first half of the year 2020 has battered the auto industry, even worst then the last year. In passenger vehicles, in particular, the April-June period saw sales drop of 78.43 percent, making it possibly the worst-ever quarter since the time such data were being compiled.

    Covid2019 actually forced people to think twice before making investment into a big ticket purchase like cars. As a result, it created a window for the already existing new car market to grow further. Several brands have reported that there is an increased number of inquiries from customers around used cars. These include brands like Maruti Suzuki True Value and Hyundai’s H Promise.

    Maruti Suzuki India Limited executive director marketing and sales, Shashank Srivastava said, “During lockdown scenario, most media got impacted due to restrictions and hence their consumption. In New normal, ensuring customer safety and communicating safe practices is of utmost priority.”

    As per experts, the car buyers who had plans to buy new cars will opt for used cars seeing the economic uncertainty and the tougher times ahead. As economic activities resume, people prefer personal cars over public transport for the fear of being affected by the virus and to follow the physical distancing norms. This will give an impetus to the used car business.

    People will either go for two-wheeler or pre-owned cars. Historically, it has been that whenever there’s an economic downturn people gravitate towards pre-owned goods as they are cost-effective.

    Covid2019 has created a great opportunity for brands like Droom, CARS24, Olx, Mahindra First choice, and others in the space. They are aggressively promoting their products and released campaigns to connect with their consumers.

    CARS24 rolled out a 360-degree campaign with MS Dhoni that talks about how CARS24 can help connect sellers with buyers directly making the process more transparent and easier for its new-age customers.

    OLX CashMyCar is also doubling down digital presence across platforms. Maruti Suzuki also launched a 360-degree campaign on ‘Buy & Sell’ for True Value before the lockdown happened.

    CARS24 co-founder and CMO Gajendra Jangid explains, “the size of the used car industry is 1.3 times the size of the new car market, in other words, used cars accounted for 55 percent of total 7.5 million car transactions in India. We are expecting a steady growth in demand post lockdown period due to the shift in budgets.”

    He further said, “According to our recent research study, we saw that Intention to use private cars by consumers increased by 41 per cent and 22.5 per cent people who were preferring to buy new cars earlier are now shifting to pre-owned cars which looks promising for the pre-owned auto segment.” 

    However, since the time economic activity resumed, several automobile brands have also launched new products that were on hold. They are realigning new strategies to connect with the target audience.

    OLX CashMyCar business head Amit Kumar shares that the launch of new models will definitely help the pre-owned car market as consumers will have a wider range of brands and models to choose from across price ranges. 

    Kumar explains, “Pre-owned car market actually benefits from the increased activity in the new car market. “An important source of pre-owned market supply is the new car sold on the exchange. So, more new cars entering the market augurs well for the pre-owned car market as this would result in the availability of fresh new models with the latest features.”

    However, the used car market in India is highly unorganized, only a few organized players are operating in the market. The organized market contributes only 18 percent of total pre-owned cars sold in the country. The used car market size is around 1.5-1.7x (times) of the new car market. As per estimates, over 4 million pre-owned cars were traded and sold in FY19.

    Increase demand, the rise in personal mobility.

    Covid2019 has impacted the consumer’s behavior and preferences towards their commute choices. He prefers personal mobility over public transport.

    According to Jangid, as social distancing is the primary norm of the ‘new normal’, people are inclined towards commuting through their personal vehicles. But at the same time, they are looking for more affordable and budget-friendly deals as well. “This is the reason behind people moving more towards owning a pre-owned vehicle that fulfills both requirements. Further to the resumption of the services as soon as Unlock was announced, we have witnessed a surge in used car sales, he said.”

    However, during economic stress, customers are expected to downgrade their demand due to declining affordability and enhanced focus on functionality.

    Srivastava explains, “Nearly 85 percent pre-owned car customers are two-wheeler upgrades. We are confident that the current situation and sentiments will have a positive rub off on the used car market as the price of the new vehicle would be higher.”

    He further adds that telescoping of demand is expected to happen due to economic stress and customers will give more importance to functionality buying, Customers who were earlier planning to buy a Swift top variant may now consider the base variant. “First-time buyers are also expected to increase,” adds Srivastava.

    The used car market has registered healthy growth in India in the last few months. According to statistics released by the Society of Indian Automobile Manufacturers’ (SIAM), pre-owned vehicle segment that accounts for 18 percent of the market share, registered estimated sales of 4.4 million units, whereas the new passenger vehicle sales in FY 20 stood at 2,775,679 units, dipping below the 3 million sales unit mark for the first time since FY17.

    Kumar concluded by saying, “Pre-owned cars could see an increased supply of new car models. Buyers of pre-owned cars now would also prefer transacting with their local sellers instead of traveling to far off places which would further boost their local economy.” He also believes that the pre-owned industry will adopt digitization as a key pillar to ensure business continuity.

  • Droom becomes co-presenting sponsor for the much anticipated IND-NZ T20 series, reaches out to a huge audience

    Droom becomes co-presenting sponsor for the much anticipated IND-NZ T20 series, reaches out to a huge audience

    MUMBAI: In a major brand-building move, Droom, India’s largest and pioneering online automobile transactional marketplace, has become co-presenting sponsor of the ongoing T20 series between India and New Zealand. Post the resounding victories in the Test and ODI series, millions of Indians are looking forward to the tournament in the hope of a dominant finish to the tour. Droom aims to utilize this opportunity to enhance brand visibility and connect with audiences through cricket, a national passion that cuts across socio-economic differences.

    The matches are scheduled on 6th, 8th and 10th February with the live telecast starting from 12.30 PM, 11.30 AM and 12. 30PM respectively (IST). Droom’s campaigns will be live on the following channels-

    Star sports 1

    Star sports 1 HD

    Star Sports 1 Hindi

    Star sports 1 Hindi HD 

    Start Sports Tamil

    Star Sports Telegu

    Star Sports Kannada

    Commenting on the development, Sandeep Aggarwal, Founder and CEO, Droom said, “We are very excited to be a part of the IND-NZ series. Cricket is a kind of religion in India that unites rather than divides. The way in which the Men in Blue have been performing has got the entire nation excited ahead of this year’s World Cup, and every match is being followed closely by millions. This gives us an opportunity to build a brand connect with our target audiences, specifically youngsters. With increased brand awareness and association with Indian cricket, we hope to reach out to audiences at a grand scale that only some of the bigger & established brands have. “

    Droom, which has become the top online marketplace for pre-owned automobile transactions and evaluation, has consistently focused on carrying out significant brand-building activities. However, the current association will give them an unprecedented amount of visibility with millions of consumers, making them aware about the new way of buying and selling automobiles online while enjoying what promises to be an intense series of cricket.

  • Droom ramps up its marketing momentum with the launch of an integrated radio/cinema campaign in major cities across India!

    Droom ramps up its marketing momentum with the launch of an integrated radio/cinema campaign in major cities across India!

    MUMBAI: Droom, India’s largest and pioneering online automobile transactional platform, has today announced the rollout of an integrated marketing campaign. The eight-week campaign has been launched in two parts – on radio and in cinemas – with a budget of INR 2 crore plus each. Droom has also partnered with top radio stations and multiplex chains in target geographies across India in order to ensure the maximum visibility and audience outreach for the campaign.

    Droom has recently launched a new offering called QuickSell, which enables sellers to sell their vehicle from their homes in a flash – an industry-first development which will revolutionise how pre-owned vehicles are bought and sold in the country. Buyers, on the other hand, have access to a stress-free automobile buying experience, where Droom ensures transactional transparency and value-for-money by facilitating pricing, inspection, history, paper transfer, loans and more. The latest marketing initiative is aimed at highlighting these benefits of transacting through Droom, as well as the superlative convenience and seamlessness that it enables.

    Speaking on the campaign launch, Mr. Sandeep Aggarwal – Founder & CEO, Droom, said, “Droom continues to build 21st century automobile buying and selling tools & technology. These campaigns help us to share with our customers, the new offerings and experiences that we are building for them.”

    The radio leg of Droom’s latest marketing campaign features a catchy rap jingle by popular rapper Baba Sehgal, which serves as the backdrop for delivering the ad’s message in an engaging and youthful manner. It has been launched in Delhi/NCR, Mumbai, Pune, Bangalore, Hyderabad, and Ahmedabad and will be played on Fever FM, Radio City, Nasha, Red FM, Radio One, Hit FM, and Big FM.

    The cinema leg, on the other hand, features three brand new TVCs, which will be played in 438 screens across Delhi/NCR, Mumbai, Pune, Bangalore, Hyderabad, Ahmedabad, and Chennai. Droom has partnered with top multiplex chains such as PVR, Inox, UFO, Qube, Cinepolis, Carnival, and IMAX for its latest campaign.

    The latest integrated campaign is a part of Droom’s robust marketing strategy and will further consolidate its position as the #1 online automobile transactional portal equipped with innovative tech-led features and a customer-centric approach.

  • Droom to invest Rs 1k mn in 3 TVCs, Rs 250 mn for CSR

    MUMBAI: Droom, an online automobile transactional platform, has come out all guns blazing in its latest announcement of initiating a massive Rs 2250 million marketing budget. Beginning with three TVCs to be aired in coming days, Droom plans to carry out extensive marketing efforts throughout the country that firmly re-enforces its position as the #1 online automobile transactional marketplace facilitating buyers and sellers to avail the best value-for-worth offers and propositions when it comes to anything on wheels.

    Of the budget Rs 1000 million has been assigned to the TVCs, was allocated to carry out all-encompassing efforts spreading awareness in the entire country regarding the numerous benefits of online automobile transactions and Droom’s central role in the same. By introducing OBV (for used vehicle pricing, Eco (for auto inspection), Droom History (for used vehicle auto reports), and Droom Credit (instant auto loan for used vehicles), Droom has established itself as an end-to-end services provider and a leader of the automobile services ecosystem in India. From building trust to transparency to algorithm based pricing estimates to world-class auto inspection, Droom provides user with varied tools to ensure the buying/selling experience of automobiles becomes a breeze.

    Increase of marketing spend from Rs 100 crore last year to 225 crores in next 13 months corresponds to the rapid growth it recorded this year.

    Droom CEO Sandeep Aggarwal said, “At Droom we have built the entire ecosystem for used automobile buying and selling ground up and with performance based marketing program and data driven approach, we want to now make Droom a household name in India.”

    Apart from the three TVCs, the campaign will also feature extensive print, BTL, OOH, digital and online video campaigns to achieve nationwide brand recognition. Droom is allocating Rs. 25o million in CSR related campaigns on road safety, pollution, driving rules and used vehicle buyer’s rights.

  • Droom sells helmets cheap to popularise ‘safe riding’

    MUMBAI: At Rs 9 per helmet, road safety never looked more attractive and that’s exactly what Droom has been trying to achieve with its helmet sale over the past four months. The 4th round of the popular campaign again proved India’s pioneering and most successful online automobile transactional marketplace’s ability to strike a chord with the users with its quirky and out-of-the-box ideas. Promoting the oft-repeated but seldom implemented concept of ‘safe riding’, Droom’s campaign has managed to sensitize riders about the important social cause. It has also been a runaway success, with 62,859 orders received till now, while the total number of orders fulfilled being 50, 619.

    Road accidents claim a life every four minutes in India. In fact, last year, 410 people died every day in road accidents. Two wheelers are the worst-hit, accounting for 25% of the total road crash deaths. The Rs.9 helmet sale campaign, which has been held regularly each month from October last year barring November, has managed to create awareness regarding road safety by stressing on the importance of helmets and proper protection while driving. The campaign has also managed to generate great word-of-mouth publicity and brand visibility for Droom, and many users have praised the online marketplace for its sustained and beneficial efforts.

    While the MRP of each of the helmets stands at Rs.750, customers are able to order the same for Rs.9 by applying a code while ordering on the company’s website. The company has tied up several vendors and helmet manufacturer for this sale and Droom has allowed its branding on all the helmets that bear either Droom or Orange Book Value logos.

    Droom CEO Sandeep Aggarwal said, “The Rs.9 helmet sale campaign is very dear to us at Droom and one of our most prized efforts at customer advocacy. Road safety is one of the biggest issues facing our country and we are overwhelmed that our campaign has garnered such positive response.”

    Droom plans to conduct this sale during the middle of every month with a total targeted sale of 2.5 lakh helmets.