Droom plans to raise ₹1,000 cr through IPO, hires banks: Report

Online marketplace for automobiles Droom is planning to raise up to ₹1,000 crore through an initial public offering, Mint reported. "They have picked up two domestic investment banks, JM Financial and ICICI Securities, to begin work on their IPO," a source told the publication. Founded in 2014 by Sandeep Aggarwal who also founded ShopClues, Droom achieved unicorn status this year.