Droom launches History to help second hand vehicle buyers
New Delhi: Automobile marketplace and services platform Droom on Thursday unveiled a data repository of used vehicles in India called Droom History. The product enables buyers and sellers to access historical information of a vehicle, derived from various sources and presented in a report-like format.
A user has to simply key-in the vehicle’s registration number and will get details such as the date of purchase, past accidents, change of ownership, service history, etc. Droom claims it has data for 190 million private and commercial vehicles currently in use.
While the service is currently free, Droom expects to put a fee on it in the future, said founder and chief executive officer (CEO) Sandeep Aggarwal.
The company is investing in services—having launched vehicle price calculator Orange Book Value and vehicle inspection services under Eco—and expects to monetize some of them going forward, Mint reported on 1 December.
“We are creating an ecosystem for services which go along with the transaction of a used vehicle. In the near future we will be launching something called Droom Credit, where an auto loan decision will be taken in 30 seconds completely digitized with the help of UID,” said Aggarwal.