Mumbai, November 09, 2015: Droom, India's pioneering and only online automobile marketplace has marked its foray into Maharashtra by on-boarding more than 250 sellers in the state. The company has expanded to Mumbai, Pune, Nasik and Thane and has already hundreds of sellers from these areas. This will also allow users in these areas to avail other automobile related services like auto insurance, auto inspection, road side assistance, car care and rides on rent through Droom platform.
Hailed as the economic capital of India, the Mumbai Metropolitan Area has more than2crore individuals currently residing in its districts and has one of the highest per capita vehicle availabilit in the country. With hundreds of sellers already active from Maharashtra, Droom will be looking to make most of the unparalleled business proposition the region offers and expand its service network to other parts of the state. Speaking on the announcement Co-founder & VP of Business Development at Droom Rishab Malik, said, "Our innovative and disruptive marketplace approach coupled with the advanced technology tools that we have built will empower sellers in the state to sell more automobiles
through Droom, simultaneously buyers will benefit from our data driven approach, pricing advantages and transparency.We strongly believe in building trust and mitigating information asymmetry so that buying and selling becomes a smoother process online."
Droom's entry into the state will providedealers in the region with an unparalleled opportunity to leverage its disruptive market approach to boost business. The brand has also tied up with various premium car dealers such as Excel Cars and organised pre-owned car dealers like CarKing already present in Mumbai to ensure high-quality service delivery.
Droom has recently announced its entry in Punjab market and with its expansion to Mumbai, Pune, Nasik and Thane the platform will now be present in close to 70 cities across the country. The company has also raised Rs 100 crores in July this year in Series A funding led by Lightbox.