India, March 26 -- Automobile ecommerce platform Droom has raised $3 Mn (around INR 24.75 Cr) in an undisclosed funding round co-led by India Accelerator and Finvolve.

The round also saw participation from a clutch of angel investors, including Rayzon Solar founder Hardik Kothiya, among others.

With the freshly raised capital, the company seeks to bolster its tech infrastructure, accelerate customer acquisition and expand its footprint in India.

The investment will also expedite Droom's decision to refile its initial public offering (IPO) papers in the ongoing calendar year, it said in a statement.

"With this investment, we are looking forward to supporting Droom in entering its next phase of growth, towards an impactful IPO and conti...