Droom prepares for Nasdaq listing, charts expansion to Southeast Asia

Droom counts Lightbox, Japanese e-commerce firm Beenos and Digital Garage among existing investors

Droom Technologies, an online marketplace for used and new cars, two-wheelers and commercial vehicles, is looking to go public and list on the Nasdaq by 2020. By that time it hopes to increase its annual gross revenue to Rs 200 billion from the current Rs 55 billion, the company’s founder and chief executive officer Sandeep Aggarwal told Business Standard.

The online marketplace Droom, which counts Lightbox, Japanese e-commerce firm Beenos and Digital Garage as its existing investors, has had six rounds of fundraising since it was founded in 2015. It is also in the process of expanding operations to several