It is an automobile marketplace and auto services company. In the latest funding, Droom raised $200 million and potentially valuing the venture at more than 1$ billion. The Droom has talked with the several players and the financiers for the new equity financing with the Global merchant bank credit Sussie mandated to scout for the new investors.
Aggravate said to ET that the financing round maybe was until Droom flies for an IPO on the Nasdaq in the first half of 2021. The CEO of the Droom has not shared any information about the potential investors but there is some exciting venture capital firm such as Bee next, light-box and the host Chinese origin family offices. They will invest $20 to 30$ in the upcoming round. The first trance is expected to come by July. The development of the companies operating in the countries auto sector either already raised or from the fresh capital from the environment.
In May, ET said that Cars24 was in the final stage of the equity financing round which is likely to be the last before the Droom files for the IPO at the NASDAQ in the first half of 2021.