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Droom Rolls out ECO, Mobile-based Auto Inspection Solution

Looking to once again disrupt the growing used automobiles market in the country, Droom, India’s pioneering online automobile transactional marketplace, has launched ECO, its mobile-based auto inspection solution. The app, which was launched in association with Carnation Auto, is meant to improve the transparency as well as the trust factor associated with buying and selling used automobiles.

Available on the Google Play Store, the ECO app will enable sellers to schedule comprehensive automobile inspections from highly trained and certified professionals – called Ninjas – through its platform. The ECO Ninja then performs an auto inspection using Droom’s proprietary methodology and covers an exhaustive list of all the important points in a vehicle to generate a comprehensive auto inspection report. This digital report will be made available to the buyers while viewing the vehicle, empowering them with the knowledge to make the most informed decisions. Droom’s partnership with Carnation will also allow ECO users access to Carnation’s extensive network of workshops and skilled technicians.

Speaking on the launch, Sandeep Agarwal, CEO and Founder, Droom, said, “Unlike US, Western Europe and Japan, India is low trust market in general and buyers for used automobiles suffer from information asymmetry and moral hazard. In India, buying a used automobile is full of pain points, hassles and pitfall. With Eco launch, Droom has deepened its commitment to increase trust and transparency for used automobile transactions in India. Eco is India’s most scientific, comprehensive objective and unbiased automobile inspection and verification service. We are very excited to have Carnation as our partner for Eco as it is very complementary with Carnation experts around the nation now using the most scientific and powerful tool to protect buyers’ interest.”

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In his acknowledgement to the ECO initiative and Carnation’s partnership with Droom, Jagdish Khattar, Managing Director, Carnation Auto present at the launch said, “The used car sales continue to grow exponentially in India. The ECO app has the potential to reduce information asymmetry in pre – owned cars transactions. Carnation being the leader in the Car Inspection space, is extremely excited about partnering with Droom to power ECO for its launch across India. Together we will take selling and buying of used cars to the next level. This concept will leverage Technology to empower the automobile technicians and certification engineers- the real heroes of Make In India.”

Droom’s latest move is being welcomed by the automobile technicians as well, who will leverage the ECO app as a channel to increase their consumer outreach and visibility. With a simple on-boarding process that requires a basic understanding of English, a smart device, technical skills and the mobility to travel from one place to another, technicians can become ECO certified Ninjas through the tutorials on the app and make earnings of upto Rs. 30,000 per month.

To learn more about Eco visit: www.droom.in/eco or download the app at: https://play.google.com/store/apps/details?id=in.droom.eco

About Droom:

Founded in April 2014 in Silicon Valley, Droom is India’s first online marketplace to buy and sell new and used automobiles and automobile services. Droom has taken a completely innovative and disruptive approach to building trust and pricing advantages for buyers.

The current experience of buying and selling an automobile is completely broken, antiquated and full of pitfalls. Droom offers a truly 21st century experience in buying and selling automobiles. With its technology-driven marketplace approach, Droom enables transactions between buyers and sellers by bringing transparency, building trust and mitigating information asymmetry. Droom is a mobile-first marketplace with a presence on three platforms i.e. Android, iOS and Desktop.

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Droom is amongst the fastest growing consumer Internet companies in India with 41k+ B2C sellers, 125k+ listings, Rs1500 crores+ in listed GMV, 1 mn+ FB Community members (highest for any automobile community in India) and over 1mn+ downloads for mobile apps.

Droom is funded by some of the leading global venture investors and has a very strong and proven founding team with 75 years of combined experience in technology, Internet, E-Commerce and FMCG including 35 years in Silicon Valley. Droom has a team of 100+ in its offices in Gurgaon (India) and Silicon Valley (USA).

About Carnation Auto

Carnation Auto, an initiative by Mr. Jagdish Khattar, ex-Maruti man, visionary entrepreneur is India’s largest independent aftermarket automobile sales and service network. Carnation offers state-of-art infrastructure for car servicing and other car related solutions like insurance, accessories, Car Inspection and pre owned certified cars. The huge Carnation network spreads across the country aims to enhance the overall experience of owning a car.

Carnation Auto was launched in October 2008 and some of the important milestones accomplished during the journey include setting up of 24 operational auto solutions hubs across 16 cities. Carnation Auto has 15 Pre-Owned Car Showrooms and Car Inspection solutions across 38 cities. Some of the esteemed investors of Carnation Auto include Premji Invests, IFCI Ventures, and Gaja Capital.

For further information, please visit www.carnation.in.

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