In a first of its kind project in the country, automobile marketplace and services platform Droom, has launched a repository for used vehicles called ‘Droom History’.
The platform curates historical information of a vehicle, derived from various sources and presented in a report-like format. Generated using Droom’s proprietary technology, the report will address issues related with a vehicle’s safety, trust, and value.
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. With Droom History, we are making India’s largest information repository for used vehicles.”
“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.”
The company says it has vehicle information in over 18 unique data fields from 1000+ RTOs across the country. It currently has information about more than 19 crore private and commercial vehicles in its database. Users have to enter the vehicle’s VIN or registration number to access the report. If the data of a vehicle is available in the repository, users can make an online payment, to get the report within half an hour.