Exclusive: Auto marketplace Droom in acquisitive mode, eyes SE Asia foray soon

Exclusive: Auto marketplace Droom in acquisitive mode, eyes SE Asia foray soon

Sandeep Aggarwal, Founder and CEO, Droom

With the recent Series B funding in its pocket, online automobile market place, Droom, has switched to high gear and is poised for growth through acquisitions as well as extending its footprint to the global markets.

While Droom declined to share the amount raised in the latest funding round, it is understood to have raised around $30 million led by Singapore’s BEENext and Japan-based Digital Garage. Of the total funds raised in the round, the company has earmarked almost 25 per cent for its international expansion. It is also eyeing a couple of acquisitions to help strengthen its operations.

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