The Beenos, Toyota Tsusho and Digital Garage-backed used vehicle resale marketplace has filed to go public, four months after securing funding at a $1.2bn valuation.
India-based, corporate-backed automotive e-commerce platform operator Droom has filed to raise up to Rs 30bn ($403m) in an initial public offering on the Securities and Exchange Board of India.
The company plans to issue $269m in fresh shares to anchor investors and offer up to $134m for sale. The size of the initial issue will decrease if it succeeds in securing an additional $53.7m through a private placement.
Droom runs a machine learning and data analytics-enhanced online marketplace that helps…
