Droom has launched the Droom History. The Droom History is an unbiased report which curates historical data available through various authorised data providers and the platform delivers in-depth information about a vehicle’s background. For your information, Droom is an online automobile transactional marketplace. The Droom History is generated by using Droom’s proprietary technology and the report will address issues related with a vehicle’s safety, trust, and value.
In its first phase of launch, the Droom will put up listings with valid RC numbers on its platform. Apart from this, the Droom collects and update vehicle information from 1000+ RTOs across the country. In addition to this, Droom History currently has information about more than 19 crore private and commercial vehicles such as two-wheelers, cars, taxi, trucks, etc. in its database, with real-time information of nearly 6 million vehicles from the Delhi-NCR region alone.
Speaking at the launch event, the front-end will be opened soon and it will give users to access the most accurate, real-time information about used vehicles. As a user, you can easily generate the Droom History report of the vehicle by entering the vehicle VIN or registration number & check for the availability of the report. If the vehicle report is available in Droom’s database, users can make an online payment to get the report sent to their registered email address within half-an hour. The information can then be leveraged by users to make better purchases, ensuring the security of their investment and offering them peace of mind while purchasing a used vehicle.
Speaking on the launch event, Sandeep Aggarwal, Founder & CEO, Droom, said:
“Unlike USA and Western Europe, India is a low trust market, especially for used automobiles. Many aspects of a pre-owned vehicle, such as ownership history, title dispute, and vehicle-related issues, are non-reliable. This is largely due to the unavailability of verified information about a pre-owned vehicle. By providing a report on vital vehicle-related information to a prospective buyer within minutes, we aim to foster greater trust and transparency in the used automobile segment.”
Adding further, Somendra S. Rathore, Senior Director, Product and Technology, Droom, said:
“The used vehicle market in India often faces issues such as low transparency and a distinct lack of trust between buyers and sellers. With Droom History, we aim to plugin this information gap by making a standard, central repository for used vehicle history. Integrating disparate IT systems and producing our own data science and machine tools over the past nine months has been a colossal task, but we’re confident that our hard work will pay off and help India embrace a more digitally-driven economy.”
