In order to enhance the C2C part of their business, Droom is inviting applications, to inspire budding minds, with the challenge of suggesting various extraneous steps to achieve the objective. The Droom B-Plan competition will identify the brightest business minds from across the country on the basis of their strategic response to actual business situations experienced by Droom.
The entries for Droom B-Plan competition are now open and the winners will be awarded with a cash prize of INR 1 lakh, along with a mentorship session with Sandeep Aggarwal and a pre-placement interview with Droom.
In addition to C2C, the online automobile transactional platform also functions in B2C, C2B and B2B marketplace formats. However, the company is now looking to push the C2C side of business where individual sellers can list their vehicles on the platform which enables individual buyers to make purchases directly. Looking to capture the segment further, Droom is inviting applications with suggestions on achieving this goal.
Applicants will be required to submit their plans in the form of a presentation which will need to include research on products, consumers and competitors. The proposals will also require description of features and functionality of the concept on websites and apps, advertising strategy, customer acquisition plan, partnership plan, and more.
Gauging and improving upon gaps in the C2C platform of Droom was also included in Droom MTV Dropout. Talking about the competition, Sandeep Aggarwal, Founder and CEO, Droom said, “We hope that Droom B-Plan participants will offer some truly innovative, long-term and optimally efficient solutions to kick-start their professional journeys along with a chance to win the amazing prizes!”
Entries close on October 25 and the winners are to be announced on November 1, 2017. In addition to Sandeep Aggarwal himself, the competition will also be judged by top management of Droom. The first and the second runners-up will also get an opportunity for an interview, along with a cash prize of INR 50,000 and INR 25,000 respectively. For those who have been wanting to work in the environment of a startup and receive mentorship opportunities, this could be a great opportunity – if they have the right plans.