Sandeep Aggarwal is an angel investor, serial entrepreneur, philanthropist and Internet visionary. He is the founder of two marketplaces in India – Droom, India’s first automobile marketplace and ShopClues, India’s first and largest managed marketplace. Sandeep is the ceo & founder of Droom, India’s first marketplace for automobiles. In April 2014, Sandeep started Droom, India’s first marketplace to buy and sell used and new automobiles. Droom is a completely disruptive business that is creating unpanelled trust and pricing advantage for buyers. Prior to Droom, Sandeep founded ShopClues.com, India’s first and largest managed marketplace in his house in California in late 2010 and moved to India to launch it as India’s first managed marketplace to empower 15 million SME sellers and unstructured categories e.g. fashion, home/kitchen etc. online. Sandeep founded, ShopClues in an era when all the other E-Commerce companies in India were inventory-led models. In 3 years ShopClues rose from 35th entrant into Indian E-Commerce to become the 4th largest E-Commerce company with 50 million monthly visitors and close to $500milion in annual GMV.
Entrepreneurship comes naturally to him but he is always on a look out to support out-of-the box ideas and promising ventures as an angel investor. He has already invested in Dataguise, Shopsity (An anti-e-Commerce site), Wydr (B2B Marketplace) and Curo Healthcare. Sandeep looks for attributes similar to his – high energy, passion and long-term vision while investing in new ventures. Founders need to be strongly motivated by a cause, as opposed to those driven by quick money, have the vision to identify an addressable opportunity and the clarity of purpose for optimum thematic leverage. An innovative bent of mind and the tenacity to overcome challenges are required qualifications for any founder looking to attract investments from Sandeep. He believes technology plays an extremely pivotal role in creating winning ventures, and supports founders who believe in frugality and economic effort as a means to achieve success.
He has 17 years of global experience in business operations, strategy and investment, focusing on Internet and technology. He is counted amongst leading Internet experts globally, and has regularly appeared on CNBC, Fox, ABC News and regularly quoted by Wall Street Journal, Fortune, Forbes and other prominent media outlets. Prior to founding Droom and ShopClues, Sandeep was among the most renowned Internet analysts on Wall Street based out of Silicon Valley, providing research coverage on Google, Yahoo!, eBay, Amazon, Netflix, Priceline, Microsoft, MakeyMyTrip etc. Prior to being an analyst Sandeep worked in strategy roles with senior leadership team at Microsoft in Seattle and Schwab.com in San Francisco. Sandeep has an MBA from Washington University in St. Louise, USA. Sandeep is chartered member of TiE Silicon Valley and holds one US patent.