Droom Malaysia’s monthly traffic crosses 1 million in 4 months, eyes 5 million in 2019
4 March 2019 6:30 PM GMT
Droom, which claimed to be the third largest e-commerce company in India in terms of GMV, expects Malaysia and Singapore to contribute 5 per cent of its total revenue in 2019.
- Droom is aiming at billion GMV along with million net revenue by end of 2019.
- Droom, which has 43.5 million monthly traffic in India, launched in Malaysia in October last year while Singapore business was started in December, its Founder and CEO Sandeep Aggarwal told Financial Express Online.
- In Malaysia, we crossed 1 million-mark last month and is currently having around 1.2 million monthly visitors whereas Singapore does 500,000 monthly visitors,” Aggarwal said.
- Droom’s current annual run rate stands at $1.1 billion GMV even as its net revenue is $25 million.
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