Online automobile marketplace Droom raised $20 Mn (INR 130 Cr)

Founded  by Sandeep Aggarwal & Rishab Malik in April 2014, Droom eyed on IPO now with Series C round led by a Hong Kong-based private investment company Integrated Asset Management and Japan’s Digital Garage.
Apart from Integrated Asset Management and Japan’s Digital Garage, existing Investment firms Lightbox Ventures, BEENEXT, Beenos also participated in this round of funding.

With this round, with having total funding to $65 Mn, Droom’s target is to expand in South east Asia starting from Indonesia by the end of this year. With the scalable technology & all four business models i.e. B2B, B2C, C2C, C2B, Droom’s has the capability to solve the pain point of Automobile lovers.