New Delhi: On the 10th anniversary of receiving its 1st ever order, Droom, India’s leading automobile marketplace, added a new category – Droom Rental. Droom Rental is tech and AI-driven and offers the widest selection of automobiles from bicycles to planes, covering 25,000+ automobiles across 9+ categories – cars, buses, coaches, helicopters, planes, yachts, ambulances, scooters, bikes, and bicycles. Spanning over 25 cities, Droom Rental offers flexible rental options, from daily rentals (local, intercity, and airports) to wedding rentals, corporate rentals, employee transportation solutions, event rentals, and self-drive. Within just 1st week of launch, Droom Rentals secured over 1,500 listings from 100+ rental suppliers across 25+ cities, making it one of the top 12 largest rental companies in India.
At present, the automobile rental market is highly unorganized, with a serious trust deficit, lack of transparent pricing, and non-standard experience with limited adoption of technology and AI for a $23bn automobile rental market in India. While the ride-hailing segment has successfully integrated advanced technology and streamlined operations, other rental categories such as daily rental, corporate rental, wedding rental, employee transportation solution event rental, etc remain largely unorganized, inefficient, and full of fragmented providers.
Commenting on the announcement, Sandeep Aggarwal, Founder & CEO of Droom said, “Automobile rental has been a long-standing pain-point for me as the sector lacks trust, transparency, standardization, large/diverse fleet or premium fleet option, and technology played no role. I have heard similar experiences from my friends and family. We saw an opportunity to leverage Droom. as our AI and tech-driven marketplace platform for automobile buying & selling and our tech and E-Commerce DNA, we could also disrupt the automobile rental market in India. Very soon we will add a highly advanced technology stack for corporate rental, employee transportation solutions, and all other rental types, bringing India’s automobile rental market at par with global standards, if not better.”
Droom brings its rich legacy and advanced tech to the vehicle rental segments. Its fleet includes top-quality, well-maintained vehicles, luxury and premium options, and also EVs that help earn carbon credits. With professional, courteous, and verified drivers, consumers get a premium experience for daily rentals, weddings, or special occasions.
Droom Rentals has over 25,000 automobiles, spread across 9 categories in 25+ cities. Customers can choose diverse fleet options, like Value, Mid, Premium & Luxury Cars, Bikes, Scooters, and Bus/ Coaches. For discerning users, there is also the option to select luxury cars, supercars, vintage vehicles, limousines, helicopters, and aircraft. With Droom Rentals, customers can also experience delightful & top-notch services with automobiles in mint condition, accompanied by trained professionals & courteous drivers. For eco-conscious consumers, the EV option is also made available, while Droom Rentals, furthermore, gives offers complete transparency, no hidden fees, and legitimate invoicing.
About Droom
Droom is an AI and data science-driven online platform revolutionizing the Indian automotive market through its suite of AI-driven marketplaces, products, and services. Droom has helped 1.5 million customers buy, sell, finance, and insure vehicles via the Droom marketplace.
For buyers, Droom offers the 21st century and finest experience in buying and selling used and new automobiles with trust, selection, low price, and convenience second to none. Every vehicle sold at Droom goes through a proprietary and technology-driven rigorous 1,100-point inspection and certification for its condition, pricing, and history. Droom offers India’s largest selection of automobiles with over 250k vehicles online in 1,176 cities — both used & new, cars & 2-wheelers, and other vehicles too. Because Droom invests in technology and AI vs. physical dealerships and heavy operations, the automobiles sold at Droom are cheaper than other options available to consumers.
To build trust and convenience, Droom has built an entire ecosystem of technology-driven products around used automobiles online, including Orange Book Value (algorithmic used vehicle pricing engine | 850 Mn+ Queries), ECO (tech, AI and IoT driven 1,100+ points vehicle inspection), History (India’s largest repository for used vehicle historical records | Database of 250 Mn+ vehicles | up to 50 vehicle historical records), Droom Fintech (Loan & Insurance), and Velocity (last mile fulfillment and delivery services). Large enterprises like HDFC, IDFC, Yamaha, TVS, Toyota, and many more harness Droom’s tech stack as cloud services to grow market share across the rapidly growing Indian economy.
Droom was founded by Sandeep Aggarwal, who is the only tech founder in India to have founded two unicorns back-to-back in the last 10 years backed by an all-star team. Droom is among the most trusted consumer Internet brands in India often recognized for its innovative approach and technology and is backed by marquee global investors including Lightbox, Digital Garage, Toyota Group, Beenext, Beenos, 57 Stars, Lightbox, and many multibillion-dollar family offices in SE Asia and Hong Kong.
