×
 U.S. +1.407.788.2780     Germany +49.89.6.214.6044 info@aimgroup.com

Droom Malaysia hit the 1 million-unique-monthly-visitors-mark in February — just four months after its inception. The company’s Singapore’s site has seen more than 500,000 users since launching in December.

Both verticals are subsidiaries of Indian auto marketplace Droom and form part of its plans to expand to seven new markets by the end of 2019.

These plans were given a boost last year when Droom established a business agreement with Japanese manufacturer Toyota Tsosho. The deal gives the site access to Toyota’s dealer network, inventory, and leadership for its expansion across Southeast Asia. This followed Series D and Series E funding rounds that brought in a total of $60 million U.S. in 2018.

Droom founder and CEO Sandeep Aggarwal predicts that the new Malaysian site will hit monthly traffic of 3.5 to 5 million visitors by the end of this year. He also expects the site in Singapore to exceed 1.5 million monthly visitors by the end of 2019.

The start-up’s GMV currently stands at $1.1 billion with net revenue of $25 million. Aggarwal hopes Droom will achieve $2 billion in GMV and earn $50 million net revenue by the end of 2019. The new sites in Singapore and Malaysia are expected to contribute 5 percent of total revenue.