Spinny

Spinny is a tech powered new age used car buying platform where customers can shortlist a car of their choice from its online platform, and then can visit Spinny’s physical car hubs for a no obligation test drive.

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, with additional offices in Noida, Uttar Pradesh (U.P.) and Kirti Nagar, New Delhi, India.

Spinny follows a full-stack business model to offer Value, Transparency and Simplicity to our customers. The company's goal is to help our customers buy a car which matches with their aspiration.

Spinny offers, 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. To estimate price of any used car, it analyzes the demand-supply trend of the car model and inspection data of the car to factor in its true condition.

 

Spinny is backed by SAIF Partners, Accel Partners, Fundamentum, Infosys Co-founder Nandan Nilekani along with other venture and angel investors. The company raised $50M from a latest "Series B" financing on Sep 27, 2019. The round brings Spinny's total funding to $68M to date.

 

 

  • Year founded: 2015
  • Funding Info: $68M over 4 Rounds of Funding (Last Funding Type: Series B)
  • Yearly Revenue: $1M-$2M (2018)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Gurgaon
  • State: Harayana
  • Country: India
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