Spinny
Founded Year
2015Stage
Series E - III | AliveTotal Raised
$622.9MValuation
$0000Last Raised
$107M | 2 days agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-22 points in the past 30 days
About Spinny
Spinny is a platform that focuses on the buying and selling of used cars within the automotive industry. The company provides a selection of pre-owned vehicles that have undergone inspections, along with a return policy and a service warranty. Spinny serves individual consumers looking for second-hand cars and those wanting to sell their vehicles. It was founded in 2015 and is based in Gurugram, India.
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Expert Collections containing Spinny
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Spinny is included in 4 Expert Collections, including E-Commerce.
E-Commerce
11,245 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,270 items
Auto Commerce
700 items
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
Latest Spinny News
Apr 1, 2025
Used car platform Spinny has raised $131 million led by US-based Accel Leaders Fund, according to two sources familiar with the fundraise. New Update Used car platform Spinny has raised $131 million led by US-based Accel Leaders Fund, according to two sources familiar with the fundraise. Entrackr exclusively reported on Spinny’s new round in January. “Spinny is raising $110 million as primary funding, while the remaining $21 million will be secondary, which includes ESOP buybacks and exits for early backers,” said a source requesting anonymity. “Accel Leaders has contributed $75 million, with the rest coming from Elevation, Tiger Global, Fundamentum, and other existing investors.” Regulatory filings showed that Accel Leaders Holdings has pumped in nearly $49 million while Fundamentum has put in $3 million. ET reported the development first. As per sources, Spinny will be valued at around $1.5 billion post money. Entrackr has reached out to Spinny for more details. Gurugram-based Spinny operates a full-stack model, controlling the entire supply chain for used car sales. Its platform facilitates vehicle inspection, refurbishment, documentation, and finance. Sources added that the platform sells close to 7,000 cars every month with an average transaction size of around 6 lakhs. It also sells around 5,000 more cars every month on its B2B auction platform. As per startup data intelligence platform TheKredible , Spinny has raised approximately $500 million so far. Tiger Global and Accel remain its largest stakeholders, holding 14.25% and 13.25%, respectively. For the fiscal year ending March 2024, Spinny’s revenue from operations rose to Rs 3,725.02 crore from Rs 3,259.78 crore in FY23. During this period, its losses declined by 28% to Rs 590.37 crore.
Spinny Frequently Asked Questions (FAQ)
When was Spinny founded?
Spinny was founded in 2015.
Where is Spinny's headquarters?
Spinny's headquarters is located at Sector 48, Gurugram.
What is Spinny's latest funding round?
Spinny's latest funding round is Series E - III.
How much did Spinny raise?
Spinny raised a total of $622.9M.
Who are the investors of Spinny?
Investors of Spinny include General Catalyst, Elevation Capital, Fundamentum, Accel, Sachin Tendulkar and 18 more.
Who are Spinny's competitors?
Competitors of Spinny include Droom, PumPumPum, SheerDrive, Landmark Group, VavaCars and 7 more.
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Compare Spinny to Competitors
Cars24 is an auto tech company that focuses on the sale, purchase, and financing of pre-owned cars. The company offers an online marketplace for buying and selling used cars, complemented by a suite of services including car financing, quality checks, warranties, and seamless documentation for transactions. Cars24 primarily serves the automotive industry with a customer base looking for pre-owned vehicle solutions. It was founded in 2015 and is based in Gurgaon, India.
CarDekho provides digital automotive solutions that specialize in the sale and purchase of new and used cars. It offers a platform for car buyers to search, compare, and make informed decisions on vehicle purchases, as well as facilitating finance and insurance services for used cars. It primarily serves individual car buyers and sellers, as well as partnering with automotive dealerships, financial institutions, and insurance companies. It was founded in 2008 and is based in Jaipur, India.
Carsome provides an e-commerce platform and specializes in the online buying and selling of used cars. The company offers a comprehensive service that includes car inspection, valuation, an online bidding portal for dealers, and logistics support, ensuring a seamless selling experience for customers. It was founded in 2015 and is based in Petaling Jaya, Malaysia.
Mahindra First Choice Wheels operates in the automotive retail and technology sectors. It focuses on the used auto platform. The company offers a range of pre-owned vehicles, including cars and bikes, and provides services such as vehicle procurement, warranty products, and roadside assistance. Mahindra First Choice Wheels serves the automotive retail market, focusing on used car sales and enterprise solutions for financial institutions. It was founded in 2008 and is based in Mumbai, India.
Droom specializes in facilitating the buying, selling, and trading of new and used vehicles. Droom offers a suite of services, including vehicle inspection, certification, loans, insurance, and other automobile-related services. The company primarily serves the automotive e-commerce industry. It was founded in 2014 and is based in Gurugram, India.
SheerDrive offers a digital used-car platform to optimize the consumer buying experience. It offers a B2B multibrand exchange platform, remarketing solutions, vehicle scan, pricing algorithm, vehicle part review and grading dashboard, and more. The company was founded in 2019 and is based in Mumbai, India.
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