Droom eyes $ 150m round before IPO
02 Mar 2020
Droom eyes $ 150m round before IPO Online auto marketplace Droom is hitting the street for a $150 million per IPO fund raising round its last one before an it goes for an IPO in 2021 According to Droom CEO sandeep agrwaal ,this will be the company ‘s sixth fun- ding round for which credit Suisse and two more advisers have been mandated to find investors. DROOM is planning an IPO listing in end 2021 and the funding will be wraped ped up in the next 4-5 mounth aggarawal said Currentaly valued at just under $1 billion DROOM has so for raised around $125 million form investors Including lightbbox Singapore based global fubd beenos Tokyo basewd VC firm digital garage Toyota tsusho corporation and hong kong based multibillion family office integrated assests management many of our current investors will participate but a new one will lead the round said aggrwal earlier several investors in the company had participated in multiple rounds