India: Droom to invest upto $10m in acquisitions, plans Indonesia expansion

India: Droom to invest upto $10m in acquisitions, plans Indonesia expansion

Sandeep Aggarwal, Founder and CEO, Droom

After closing its $20 million Series C round of funding last week, Droom, an online marketplace for used automobiles, plans to announce a few acquisitions by the end of this year, founder Sandeep Aggarwal said in an interaction with DEALSTREETASIA.

“We are planning 2-3 acquisitions this year and will probably spend about $8-10 million. We have been in talks with several companies,” he added.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter