Droom Technology IPO

Market leader : Droom is one of India’s leading automobile e-commerce platforms. With their proprietary and technology-driven services for certification and convenience, they offer an end-to-end e-commerce platform for buying and selling used vehicles in India.

Technology and Data Science: Droom leverages new-age technologies such as AI, ML, IoT, augmented reality and virtual reality and have adopted a data-driven consultative sales experience which ensures user satisfaction. The model is economically viable independent of scale due to the use of technology, the economy of scale, economy of scope, assets light, and network effects.

Scale of Business: As the platform collects more data, Droom is able to further strengthen the value proposition, which in turn drives assured supply and scale, and further drives consumer experience and more transactions. These network effects are evident in geographical reach that extends to 1,151 cities, over 278,807 used vehicle listings from over 20,725 auto dealers, as of Sept 2021.

Asset Light Model: Droom has an asset-light business model and a lean cost structure. They do not own the vehicles listed on the platform. This enables them to be capital-efficient and scale their business with minimal marginal costs.

Experienced, Founder-led Team: Droom is led by an experienced leadership team with significant industry experience. Sandeep Aggarwal, their Founder and CEO, has over 20 years of experience in the technology and start-up space and has in the past founded, ShopClues.com, a leading Indian e-commerce platform. He has also been associated with Microsoft and Schwab in the past and has been awarded by various reputed forums.

Technology Dependence: Company depends on our proprietary technology for critical functions of their business. Failure to properly maintain or promptly upgrade the technology may result in disruptions or lower quality of services and business.

Cyber Security Breach Risk: We collect, manage, store, transmit, and otherwise process vast amounts of data as part of our business and operations. Any cyber security breach or other security incident on data, platform and services may affect reputation and business. harmed,

Sectoral Risk: India’s automobile industry could be affected by economic conditions, the growth of disposable household income, the cost and availability of credit etc. Wider factors that impact the automobile or e-commerce industry, may affect company's business.

Dealer Relationships: Auto dealers account for a large percentage of the used cars transacted on the platform. Failure to attract and retain auto dealers, whether because of vehicle supply shortage, competition, or other factors, could adversely affect the business.