Droom to raise $200 Mn in pre-IPO round at $1.2 Bn valuation
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Online automobile marketplace Droom has made the first close of its ongoing pre-IPO round of up to $200 million. The round saw the participation of 57 Stars and Seven Train Ventures along with existing backers. While the company did not disclose the name of existing investors participating in this round, the Singapore-registered company countsLightbox, Beenext, Digital Garage, Toyota Tsusho Corporation among others as its existing backers.