Spinny

Spinny is a tech powered automotive startup which operates a platform to facilitate the purchase and sale of used cars.

Spinny is bringing radical change to the way people buy used cars, by establishing absolute trust & simplicity in transactions.

Spinny was founded in 2015 by by Mohit Gupta, Niraj Singh and Ramanshu Mahaur. The company is headquartered in Gurgaon, Haryana, India.

 

Spinny buys cars from the owners, performs thorough and transparent inspections and then makes them available for customers to purchase. 

 

Spinny operates on a direct-selling model with value propositions such as money-back guarantees, one-year warranties, fixed-price assurances and buy-back options.

 

Spinny's Spinny Star Price, a software to estimate price of cars listed on its platform. The company uses a proprietary algorithm which is trained upon more than 2 million price data points from last 4 years.

 

Spinny is backed by General Catalyst, Tiger Global, Abu Dhabi Growth Fund, Avenir Growth, SAIF Partners, Accel, ADQ, Fundamentum Partnership, Blume Ventures, Elevation Capital, and others. The company raised $283M in Series E round on Dec 07, 2021. This brings Spinny's total funding to $567.9M to date. The latest round mints the company a unicorn with a valuation of over $1.8B post-money. Spinny was previously valued at $800M from their Series D raised in Jul 2021.

 

 

  • Year founded: 2015
  • Funding Info: $567.9M over 8 Rounds of Funding (Latest Funding Type: Series E)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: Valued at $1.8B as of Dec 07, 2021
  • City/Town: Gurgaon
  • State: Harayana
  • Country: India
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