 "Sandeep Aggarwal of Droom at his office in Gurugram. Photo: Sanjay K Sharma")
Droom, India’s largest AI-driven online automobile marketplace, has been valued at $1.2 billion in the latest round of funding, making it the newest member of the coveted unicorn club.
The firm has closed the first leg of its ongoing pre-IPO growth funding round of up to $200 million. In addition to participation by several existing investors, new investors, including 57 Stars and Seven Train Ventures, participated in the first closing of the round in Q2-21. The company is looking at a possible IPO and listing either on NASDAQ or in India in 2022.
“Over the past seven years,
The firm has closed the first leg of its ongoing pre-IPO growth funding round of up to $200 million. In addition to participation by several existing investors, new investors, including 57 Stars and Seven Train Ventures, participated in the first closing of the round in Q2-21. The company is looking at a possible IPO and listing either on NASDAQ or in India in 2022.
“Over the past seven years,
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