Car e-trader Droom raises Rs100 crore

<g data-gr-id="21">Droom</g>, an online marketplace for automobiles, on <g data-gr-id="45">Thursday</g> said it has raised Rs 100 crore funding in Series A led by Lightbox. Launched in November last year by entrepreneur Sandeep Aggarwal, the company plans to utilise the funds for expanding operations to add 20 automobile and 12 service categories hosting over 50,000 sellers and two lakh listings in the next 18-24 months, <g data-gr-id="22">Droom</g> said in a statement.

It also plans to expand into Southeast Asia by early 2016, it added. <g data-gr-id="19">Droom</g> operates in 13 different automobile categories including auto services with 1,000 sellers and 6,000 listings. The first round of funding for <g data-gr-id="15">Droom</g> was led by <g data-gr-id="16">BEENOS</g>. Aggarwal had earlier founded <g data-gr-id="17">ecommerce</g> firm ShopClues.