MUMBAI: On the 10th year anniversary of receiving its first order, Droom, an automobile marketplace has 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, airports) to weddings rental, corporate rental, employee transportation solution, 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 serious trust deficit, lack of transparent pricing and non-standard experience with limited adoption of technology and AI for a $23 billion 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 and event rental etc remain largely unorganised, inefficient and full of fragmented providers.
Sandeep Aggarwal, founder, CEO 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 that by leveraging Droom.in as our AI and tech driven marketplace platform for automobiles buying and selling and our tech and E-Commerce DNA, we could also disrupt automobile rental market in India. Very soon we will add highly advanced technology stack for corporate rental, employee transportation solution and all other rental types, brining India’s automobile rental market at par with global standards, if not better.”
Droom added that it brings its legacy and advanced tech in the vehicle rental segments. Its fleet include vehicles, luxury and premium options, and also EVs that help earn carbon credits. With drivers, consumers get a premium experience for daily rentals, weddings, or special occasions the company explains.
Droom Rentals has over 25,000 automobiles, spread across 9 categories in 25+ cities. Customers can choose diverse fleet options, like Value, Mid, Premium and Luxury Cars, Bikes, Scooters, Bus/ Coaches. For the discerning users, there is also option to select luxury cars, super cars, vintage vehicles, limousines, helicopters and aircraft. With Droom Rentals, customers can also experience services with automobiles in mint-conditions, accompanies by professionals and 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.
