News > Droom joins unicorn club with fresh capital; plans to go public by 2022
Droom joins unicorn club with fresh capital; plans to go public by 2022
28/07/2021 03:12 PM | Click to read full article
Automotive startup Droom has raised a fresh round of funding taking its valuation to $1.2 billion as it targets an initial public offering (IPO) by 2022. Without disclosing the amount raised, the company said it has closed the first leg of its ongoing pre-IPO growth funding round of up to $200 million.
Ahead of its planned listing at Nasdaq or an Indian bourse, Droom is optimistic about growth in the under-penetrated online automobiles market.
