Online Automobile Marketplace Droom Raises 200 Crores Funding
Online automobile marketplace Droom today said it has raised an undisclosed amount from BEENEXT, Digital Garage and other existing investors to expand its presence in the South East Asian countries like Indonesia. However, according to sources, Droom has raised nearly Rs 200 crore in this round of funding.
The company will also use the proceeds of the Series B funding to expand its domestic operations and strengthen its technology platform.
"The amount raised for the new round of funding is significantly higher than Series A that we raised last year," Droom founder and CEO Sandeep Aggarwal told reporters.
He declined to comment on the funding raised and the valuation of the company.
Previously, Droom has raised seed funding of USD 1.5 million and USD 4 million in May and October 20...