Indian online automobile marketplace Droom Technology intends to raise extra $50 million in a fresh funding round round in early 2019.
The company, which recently secured $30 million from Toyota Tsusho Corporation and Digital Garage, plans to raise another $50 million in a fresh round, plans to use the funds to invest in future technology, launch new products and scale up its business,
Droom also plans an U.S. listing by 2020 and focuses on international expansion.
The company collected a revenue of $25 million in December 2018 and targets to double it in 2019.