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DROOM VALUATION
IPO pipeline worth $1 billion builds for India used-car startupsIndian online used car vendors like CARS24, CarDekho, and Spinny are streamlining operations and divesting from secondary ventures to prepa...- Droom Tech looks to revive IPO plans on hopes of recovery in tech sectorAggarwal said the company is working toward ensuring profitability. “We are controlling costs. And with changes we have made, we should be ...
- Droom Technology bets on four-fold demand in EVs by next three yearsGiven the traction in the local market, the company expects nearly two-thirds of its sales to come from electric vehicles in the coming thr...
- After a rout in new-age players, can Delhivery's IPO be a litmus test for other startups?Dalal Street analysts believe that after the recent rout in IPO or platform-based stocks, Delhivery IPO will test the relish for other upco...
- Droom set to launch Rs 3,000 crore IPO in next 2 monthsAuto marketplace unicorn Droom is set to launch its Rs 3,000-crore IPO by offloading an 18% stake in next two months. The IPO comprises fre...
- Droom to invest Rs 500 to 600 crore for inorganic opportunities, eyes 5-6 acquisitions in 2 yearsET learns the company is looking for acquisitions in the entire chain - from auto insurance to auto lending. Droom is also in the hunt for ...
- Paytm, Zomato's fate forcing Oyo Hotels and Delhivery to delay IPOsInvestors have soured on new tech offerings after the calamitous public debut of fintech firm Paytm, as well as the battering received by n...
- Spinny turns unicorn after raising $285 million from ADQ, Tiger Global and othersThe company’s valuation of $1.5 billion pre-money has nearly doubled since it raised $108 million from Tiger Global and others in July. It ...
- ETtech Deals Digest: Gupshup, Droom raise funds this weekConversational messaging startup Gupshup and social media platform Sharechat were among the startups that raised funds this week.
- Droom is a unicornFrom Droom becoming an unicorn to Twitter getting an ultimatum on IT rules and Big Tech earnings recap, here's a quick look at the top tech...
- Automobile marketplace Droom gets pre-IPO funding at $1.2 billion valuationDroom has received the first tranche of its $200-million, pre-IPO funding round at a valuation of $1.2 billion, making the online automobil...
- Droom bets on eight-fold growth in GMV by 2025Droom clocked GMV of $ 1.2 billion, prior to the outbreak of the pandemic in 2019. Net revenues in the year stood at $32 million. At the cu...
- Droom raises $30 million in fresh funding roundThe Series E round of funding was led by the family office of Joe Hirao, founder of ZigExN, the Tokyo-headquartered company that owns and o...
- Global investors make a comeback, Indian startups back on radar of hedge fundsMany funds, mostly from Hong Kong, look to invest in cos that are on a firm footing now, some 18 months after they pulled back amid a churn...
- Droom closes Rs 133-crore Series-C funding roundThis was led by Hong Kong-based investment company Integrated Asset Management and a clutch of Hong Kong and Chinese Mainlandbased family o...
- Droom raises Rs 130 crore; eyes acquisitions, IPOThe company is looking at listing on Nasdaq by the middle of 2019 and by then, Droom's GMV will touch about $2.5 billion.
- Droom boosts allied services segment by partnering with RSA providersThe startup has also signed up with a number of regional sellers such as Road India (RSA-500 locations), Zaiuto and Gomgarage for the same.
- With losses mounting, used car players have a challenging year aheadGrowing at an annual rate of 15%, the market was set to cross 33 lakh units by the end of last year. However, demonetisation in early Novem...
- Droom raises Rs 200 crore from a consortium of Japanese and Chinese investorsThe Series B round of equity financing has been led by Singapore-based investor Beenext, founded by former Beenos founder and chief executi...
- Startup stars want nice wheels, but on great dealsIndia's startup stars, who have had their struggle to establish businesses in new segments, are now sitting back and enjoying the ride.
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