Toyota Tsusho and existing backer Digital Garage have co-led a series D round for the automotive e-commerce marketplace at a reported valuation of up to $700m.
Toyota Tsusho, the trading subsidiary of carmaker Toyota, has co-led a $30m series D round for India-based automotive e-commerce platform Droom with internet company Digital Garage.
The round included e-commerce company Beenos, Lightbox, Beenext, Ellison Investments and two undisclosed Hong Kong-based family offices. It valued Droom at between $550m and $700m according to the Economic Times.
Droom runs an online marketplace for cars, motorcycles, scooters and even jets, allowing users to sell items by fixed price, best offer or through…
