Droom, perhaps the only online automobile transactional marketplace standing now to compete against CarDekho, has announced the launch of a new service called ECO – a mobile-based auto inspection solution. It has been launched in partnership with Carnation Auto.
Droom’s partnership with Carnation Auto will allow the users of ECO mobile app to access Carnation’s extensive network of workshops and skilled technicians.
The app is aimed at improving the transparency as well as the trust factor associated with buying and selling used automobiles. With this new app, the company is now looking to disrupt the growing market of used automobiles in India.
The mobile application – ECO, will enable sellers to schedule comprehensive automobile inspections from highly trained and certified professionals through its platform.
The professionals 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.
Then, the digital report will be made available to the buyers while viewing the vehicle, empowering them with the knowledge to make the most informed decisions.
Sandeep Agarwal, CEO and Founder, Droom, says that Eco is India’s most scientific, comprehensive objective and unbiased automobile inspection and verification service. He further 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. 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.
Jagdish Khattar, Managing Director, Carnation Auto, 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 was founded in April 2014 by Sandeep Agarwal. It claims to be India’s first online marketplace to buy and sell new and used automobiles and automobile services. Last year, the company had raised $15.7 million in a funding round from Lightbox Ventures and Japanese internet firm Beenos. However, Droom continues to face a stiff challenge from CarDekho, which post its Zigwheels acquisition, virtually became the leader in this segment.
Carnation Auto, founded by Mr. Jagdish Khattar, is India’s largest independent aftermarket automobile sales and service network. It offers state-of-art infrastructure for car servicing and other car related solutions like insurance, accessories, Car Inspection and pre owned certified cars.