Two aircrafts are available for sale on online automobile marketplace Droom: Legacy 600 for Rs. 64.52 crore and Hawker 900 XP for Rs.45.99 crore. At the other end of the spectrum, it also markets two-wheelers: the cheapest, a Hercules Sparx 24-inches bicycle, costs Rs. 3,900.

With this widening business horizon, end-to-end facilitator Droom is all set to raise another up to Rs.200 crore to fund its expansion plans in six South-East Asian countries and Europe in the next two years.

“We are expanding our marketplace to Indonesia, Malaysia, Vietnam, Thailand, Singapore and the Philippinesthis year, followed by Europe in 2017,” Sandeep Aggarwal, Founder-CEO of Droom and ShopClues, told BusinessLine.

Among its various services on offer, Droom charges 1.5% of the price on a successful sale of a car, 2% of the sale price of a two-wheeler and 12% on providing various automobile services like insurance, warranty etc.

From a revenue of nearly Rs. 900 crore from 3,400 transaction in 2015-16, Droom is targeting Rs.3,000 crore worth of gross revenues by March 2017 and Rs. 15,000 crore by the end of 2018. “With a 12% annual growth,India’s automobile sector is expected to expand from USD 125 billion now to USD 250 billion by 2020. Online transaction in this sector is also expected to increase from 0.5% now to 28% by 2020. We are targeting 50-60% of this business, worth about USD 300 million.”

Founded in April 2014 in Silicon Valley, technology-driven Droom came to Gurgaon in India in 2015, funded by some leading global venture investors, raising Rs.230 crore so far. In the last 16 months, it has roped in 41,000 automobile dealers with 1.5 lakh listing of vehicles, having a total value of Rs 3,500 crore. This mobile marketplace, having no inventory, facilitates buying and selling of new and used automobiles, including two-wheelers, on this one-stop-shop.

Aggarwal said Droom was currently present across 135 cities in India and had the largest geographical footprint in any hyper-local category. “We have about three million visitors per month on our website, and our app has been downloaded by 2.5 million people. We not only facilitate buying of selling, including of vintage cars, we also provide for inspection, car care and detailing, fun rides and rentals, road side assistance, service and repairs, warranty-the whole gamut under one roof for a 21st century experience.”

Prior to Droom, a “completely disruptive business”, Aggarwal had founded ShopClues.com in his Californiahouse in 2010, and moved to India to launch it as the country’s first marketplace to empower 15 million SMEss and unstructured categories, at a time when other e-commerce companies ran inventory-led models. In 3 years ShopClues rose from being the 35th entrant into Indian e-commerce space to become the 4th largest such company with 50 million monthly visitors. It currently has over 65 million visitors a month and USD 500 million in annual gross merchandise volume (GMV).

Droom, a Singapore-holding company with offices in Silicon Valley, USA and Gurgaon, has grown 125 times since its commercial launch. “Our business model is designed to expand across categories, products, strategic partnerships as well as geographies to increase its reach and offering to consumers”, said Aggarwal.

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