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Informative

Droom's revenue plummets 66% to Rs 85 Cr in FY24

Update / Judgement Date

07 Feb 2025

Source

Entrackr

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial Management

Drooms' revenue plummeted by 66% to ₹8.5 crore in FY24. This significant decline in revenue indicates substantial challenges faced by the online automobile marketplace. The drastic reduction suggests a potential loss of market share or changes in the company's business model. This financial data highlights the competitive nature of the online marketplace sector and the difficulties in maintaining growth.