Droom eyes $200 million in latest funding round

NEW DELHI Droom Technology, an automobile marketplace and auto services company, is raising $200 million in its latest funding round, potentially valuing the venture at more than $1 billion. The company is in talks with a number of financial and strategic players for the new equity financing, with global merchant bank Credit Suisse mandated to scout for fresh investors.

Aggarwal told ET that the financing round was likely to be the last before Droom files for an IPO on the Nasdaq in the first half of 2021.