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Droom targets 100 cities for expansion

The company said it is in talks to raise funding and should be able to announce something soon

Patanjali Pahwa  |  Mumbai 

Droom, the used car marketplace, is planning to expand to 100 cities within the next month. The company has been ahead of schedule in revenue generation, its founder claimed, adding it was a natural progression. “We are the biggest used car transaction platform in India and we want to continue the dominance,” said Sandeep Aggarwal, founder and CEO, Droom. The company recorded revenue of Rs 36 crore in December 2015, with Rs 32 crore coming from the National Capital Region alone. “If we can generate so much interest in Delhi among the immense competition in ...

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Droom targets 100 cities for expansion

The company said it is in talks to raise funding and should be able to announce something soon

The company said it is in talks to raise funding and should be able to announce something soon Droom, the used car marketplace, is planning to expand to 100 cities within the next month. The company has been ahead of schedule in revenue generation, its founder claimed, adding it was a natural progression. “We are the biggest used car transaction platform in India and we want to continue the dominance,” said Sandeep Aggarwal, founder and CEO, Droom. The company recorded revenue of Rs 36 crore in December 2015, with Rs 32 crore coming from the National Capital Region alone. “If we can generate so much interest in Delhi among the immense competition in ... image
Business Standard
177 22

Droom targets 100 cities for expansion

The company said it is in talks to raise funding and should be able to announce something soon

Droom, the used car marketplace, is planning to expand to 100 cities within the next month. The company has been ahead of schedule in revenue generation, its founder claimed, adding it was a natural progression. “We are the biggest used car transaction platform in India and we want to continue the dominance,” said Sandeep Aggarwal, founder and CEO, Droom. The company recorded revenue of Rs 36 crore in December 2015, with Rs 32 crore coming from the National Capital Region alone. “If we can generate so much interest in Delhi among the immense competition in ...

image
Business Standard
177 22