CHENNAI: Online auto marketplace Droom is hitting the street for a $150-million pre-IPO fund-raising round, its last one before an it goes for an IPO in 2021.According to Droom CEO Sandeep Aggarwal , this will be the company's sixth funding 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 wrapped up "in the next 4-5 months", Aggarwal said.Currently valued at just under $1 billion, Droom has so far raised around $125 million from investors including Lightbox, Singapore-based global fund Beenext, Japanese firm Beenos, Tokyo-based VC firm Digital Garage, Toyota Tsusho Corporation, and Hong Kong based multi-billion family office Integrated Assets Management.
"Many of our current investors will participate but a new one will lead the round," said Aggarwal.
Earlier, several investors in the company had participated in multiple rounds. | To read full story, visit https://startuparound.com/read/1583121605.3713393/Droom-eyes-$150-million-round-before-IPO?ref=audio_experience