Droom, the online marketplace for used automobiles closed its Series B funding round led by BEENEXT and Digital Garage on May 19.
Existing investors such as Lightbox and BEENOS also participated in the funding round.
The company declined to disclose to amount raised but said that the share is significantly higher than its previous Series A funding of R100 crore in June 2015.
In April, Sandeep Aggarwal, CEO of Droom told FE that the company is expected to raised between R100-200 crore in six months. Droom had raised Seed 1 funding of $1.5 million in May 2014 and Seed 2 funding of $4 million in October 2014.