The Beenos, Toyota Tsusho and Digital Garage-backed second-hand car marketplace has secured the first portion of a $200m round at a reported $1.2bn valuation.

Droom, the India-based automotive marketplace backed by corporates Beenos, Toyota and Digital Garage, has reached a first close of undisclosed size for a $200m funding round, the Economic Times reported yesterday. Seven Train Ventures and 57 Stars were among the participants in the tranche, which valued Droom at $1.2bn. The company intends to complete the…

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